National HealthCare Co. (NYSE:NHC) Shares Sold by Amalgamated Bank

Amalgamated Bank cut its position in shares of National HealthCare Co. (NYSE:NHC) by 4.6% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 4,097 shares of the company’s stock after selling 197 shares during the period. Amalgamated Bank’s holdings in National HealthCare were worth $444,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Louisiana State Employees Retirement System increased its stake in National HealthCare by 1.5% during the second quarter. Louisiana State Employees Retirement System now owns 6,800 shares of the company’s stock worth $737,000 after acquiring an additional 100 shares during the last quarter. WINTON GROUP Ltd increased its stake in National HealthCare by 1.1% during the second quarter. WINTON GROUP Ltd now owns 9,719 shares of the company’s stock worth $1,054,000 after acquiring an additional 107 shares during the last quarter. GAMMA Investing LLC increased its stake in National HealthCare by 196.2% during the second quarter. GAMMA Investing LLC now owns 231 shares of the company’s stock worth $25,000 after acquiring an additional 153 shares during the last quarter. ProShare Advisors LLC increased its stake in National HealthCare by 7.3% during the first quarter. ProShare Advisors LLC now owns 2,539 shares of the company’s stock worth $240,000 after acquiring an additional 172 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD increased its stake in National HealthCare by 6.2% during the first quarter. Price T Rowe Associates Inc. MD now owns 7,573 shares of the company’s stock worth $716,000 after acquiring an additional 439 shares during the last quarter. 56.44% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, SVP Brian F. Kidd sold 2,000 shares of the stock in a transaction dated Wednesday, September 4th. The stock was sold at an average price of $130.01, for a total value of $260,020.00. Following the completion of the sale, the senior vice president now owns 21,747 shares in the company, valued at $2,827,327.47. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 13.75% of the company’s stock.

National HealthCare Trading Down 1.4 %

NHC stock opened at $124.01 on Monday. National HealthCare Co. has a 1 year low of $63.44 and a 1 year high of $138.49. The firm has a market capitalization of $1.91 billion, a price-to-earnings ratio of 23.58 and a beta of 0.41. The company has a 50-day moving average of $128.16.

National HealthCare (NYSE:NHC) last posted its earnings results on Friday, August 9th. The company reported $1.00 earnings per share (EPS) for the quarter. National HealthCare had a return on equity of 6.39% and a net margin of 7.74%. The business had revenue of $300.66 million during the quarter.

National HealthCare Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, November 1st. Stockholders of record on Monday, September 30th will be paid a $0.61 dividend. The ex-dividend date of this dividend is Monday, September 30th. This represents a $2.44 dividend on an annualized basis and a dividend yield of 1.97%. National HealthCare’s dividend payout ratio (DPR) is currently 46.39%.

National HealthCare Company Profile

National HealthCare Corporation engages in the operation of services to skilled nursing facilities, assisted and independent living facilities, homecare and hospice agencies, and health hospitals. Its skilled nursing facilities offer licensed therapy services, nutrition services, social services, activities, and housekeeping and laundry services, as well as medical services prescribed by physicians; and rehabilitative services, such as physical, speech, respiratory, and occupational therapy for patients recovering from strokes, heart attacks, orthopedic conditions, neurological illnesses, or other illnesses, injuries, or disabilities.