Bank of New York Mellon Corp Has $8.16 Million Holdings in National HealthCare Co. (NHC)
Bank of New York Mellon Corp decreased its holdings in shares of National HealthCare Co. (NYSEAMERICAN:NHC) by 0.8% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 130,457 shares of the company’s stock after selling 1,085 shares during the quarter. Bank of New York Mellon Corp owned about 0.86% of National HealthCare worth $8,163,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds have also modified their holdings of NHC. Renaissance Technologies LLC increased its holdings in shares of National HealthCare by 17.5% in the second quarter. Renaissance Technologies LLC now owns 422,500 shares of the company’s stock worth $29,634,000 after purchasing an additional 63,074 shares during the period. Dimensional Fund Advisors LP increased its holdings in shares of National HealthCare by 5.6% in the second quarter. Dimensional Fund Advisors LP now owns 529,847 shares of the company’s stock worth $37,164,000 after purchasing an additional 28,157 shares during the period. Northern Trust Corp increased its holdings in shares of National HealthCare by 10.4% in the second quarter. Northern Trust Corp now owns 242,824 shares of the company’s stock worth $17,032,000 after purchasing an additional 22,947 shares during the period. Vanguard Group Inc. increased its holdings in shares of National HealthCare by 2.5% in the second quarter. Vanguard Group Inc. now owns 889,216 shares of the company’s stock worth $62,369,000 after purchasing an additional 21,666 shares during the period. Finally, State Street Corp increased its holdings in shares of National HealthCare by 6.4% in the second quarter. State Street Corp now owns 283,960 shares of the company’s stock worth $19,913,000 after purchasing an additional 17,106 shares during the period.
A number of equities analysts have weighed in on the stock. ValuEngine downgraded shares of National HealthCare from a “hold” rating to a “sell” rating in a research note on Monday, October 2nd. BidaskClub downgraded shares of National HealthCare from a “sell” rating to a “strong sell” rating in a report on Thursday, September 21st.
National HealthCare (NYSEAMERICAN:NHC) last announced its quarterly earnings results on Thursday, November 9th. The company reported $0.75 earnings per share (EPS) for the quarter. The company had revenue of $241.99 million for the quarter. National HealthCare had a net margin of 4.62% and a return on equity of 6.60%.
The business also recently declared a quarterly dividend, which will be paid on Thursday, March 1st. Shareholders of record on Friday, December 29th will be issued a $0.48 dividend. The ex-dividend date of this dividend is Thursday, December 28th. This represents a $1.92 dividend on an annualized basis and a yield of 3.10%. National HealthCare’s dividend payout ratio is currently 43.13%.
In other news, SVP Jeffrey Russell Smith sold 1,499 shares of the business’s stock in a transaction dated Wednesday, November 29th. The shares were sold at an average price of $67.06, for a total value of $100,522.94. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director James Paul Abernathy sold 800 shares of the business’s stock in a transaction dated Wednesday, November 15th. The stock was sold at an average price of $64.00, for a total transaction of $51,200.00. Following the completion of the sale, the director now owns 23,478 shares in the company, valued at $1,502,592. The disclosure for this sale can be found here.
National HealthCare Profile
National HealthCare Corporation (NHC) is engaged in the operation of skilled nursing facilities, assisted living facilities, independent living facilities and homecare programs. The Company is engaged in the post-acute healthcare industry segment. Its business activities include providing sub-acute and post-acute skilled nursing care, intermediate nursing care, rehabilitative care, memory and Alzheimer’s care, senior living services, and home healthcare services.
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