SG Americas Securities LLC Cuts Stock Position in National HealthCare Corporation $NHC

SG Americas Securities LLC lessened its holdings in National HealthCare Corporation (NYSEAMERICAN:NHC) by 43.3% in the first quarter, Holdings Channel reports. The firm owned 7,079 shares of the company’s stock after selling 5,408 shares during the period. SG Americas Securities LLC’s holdings in National HealthCare were worth $1,131,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently made changes to their positions in the company. Caitong International Asset Management Co. Ltd purchased a new stake in shares of National HealthCare during the 3rd quarter valued at $25,000. Quarry LP boosted its holdings in shares of National HealthCare by 171.9% in the 3rd quarter. Quarry LP now owns 261 shares of the company’s stock worth $32,000 after buying an additional 165 shares during the last quarter. Kestra Advisory Services LLC bought a new position in National HealthCare during the fourth quarter valued at about $42,000. Simplex Trading LLC grew its position in National HealthCare by 140.0% during the fourth quarter. Simplex Trading LLC now owns 348 shares of the company’s stock valued at $48,000 after buying an additional 203 shares during the period. Finally, Raymond James Financial Inc. bought a new position in National HealthCare during the second quarter valued at about $58,000. 56.44% of the stock is owned by hedge funds and other institutional investors.

National HealthCare Price Performance

Shares of NYSEAMERICAN:NHC opened at $218.44 on Friday. The firm has a market capitalization of $3.41 billion, a PE ratio of 27.76 and a beta of 0.63. The company has a 50-day moving average price of $191.83 and a two-hundred day moving average price of $166.92. National HealthCare Corporation has a twelve month low of $93.54 and a twelve month high of $219.03.

National HealthCare (NYSEAMERICAN:NHC) last posted its quarterly earnings results on Thursday, May 7th. The company reported $1.91 earnings per share (EPS) for the quarter. The company had revenue of $381.82 million for the quarter. National HealthCare had a net margin of 8.10% and a return on equity of 9.98%.

National HealthCare Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 31st. Shareholders of record on Tuesday, June 30th will be issued a dividend of $0.67 per share. This represents a $2.68 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date of this dividend is Tuesday, June 30th. This is a positive change from National HealthCare’s previous quarterly dividend of $0.64. National HealthCare’s payout ratio is presently 61.89%.

Wall Street Analysts Forecast Growth

NHC has been the topic of several research reports. The Goldman Sachs Group raised shares of National HealthCare to a “strong-buy” rating in a research report on Monday, May 18th. BMO Capital Markets raised shares of National HealthCare to a “hold” rating in a research report on Monday, May 18th. Robert W. Baird upgraded shares of National HealthCare to a “strong-buy” rating in a research note on Monday, May 18th. Finally, Royal Bank Of Canada upgraded shares of National HealthCare to a “hold” rating in a research note on Monday, May 18th. Two equities research analysts have rated the stock with a Strong Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy”.

Insider Transactions at National HealthCare

In related news, Director Lisa Piercey bought 949 shares of the company’s stock in a transaction on Monday, June 1st. The shares were purchased at an average price of $184.26 per share, for a total transaction of $174,862.74. Following the completion of the transaction, the director directly owned 949 shares in the company, valued at approximately $174,862.74. The trade was a ∞ increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 13.92% of the stock is owned by insiders.

National HealthCare Company Profile

National HealthCare Corporation (NYSE American: NHC) is a healthcare services company specializing in long-term care and post-acute rehabilitation. The company operates skilled nursing facilities, assisted living communities and outpatient therapy clinics. Through its subsidiary, National HealthCare Partners, NHC provides contract rehabilitation services, pharmacy management and clinical consulting to a broad network of senior living and healthcare providers.

Headquartered in Murfreesboro, Tennessee, National HealthCare Corporation has built a regional footprint across the southeastern and south-central United States.