Deutsche Bank AG Invests $5.71 Million in National HealthCare Corporation $NHC

Deutsche Bank AG bought a new position in National HealthCare Corporation (NYSEAMERICAN:NHC) in the 2nd quarter, HoldingsChannel reports. The fund bought 27,019 shares of the company’s stock, valued at approximately $5,711,000.

Several other large investors have also recently added to or reduced their stakes in NHC. Mariner LLC grew its stake in National HealthCare by 0.9% during the 4th quarter. Mariner LLC now owns 6,839 shares of the company’s stock worth $938,000 after buying an additional 59 shares during the last quarter. EverSource Wealth Advisors LLC lifted its stake in National HealthCare by 28.5% in the first quarter. EverSource Wealth Advisors LLC now owns 311 shares of the company’s stock valued at $50,000 after buying an additional 69 shares during the last quarter. The Manufacturers Life Insurance Company grew its position in shares of National HealthCare by 1.2% during the first quarter. The Manufacturers Life Insurance Company now owns 6,048 shares of the company’s stock worth $966,000 after acquiring an additional 70 shares during the last quarter. ProShare Advisors LLC increased its holdings in shares of National HealthCare by 3.3% in the 4th quarter. ProShare Advisors LLC now owns 2,466 shares of the company’s stock worth $338,000 after acquiring an additional 78 shares during the period. Finally, Hsbc Holdings PLC lifted its position in National HealthCare by 1.2% in the 1st quarter. Hsbc Holdings PLC now owns 7,969 shares of the company’s stock valued at $1,275,000 after purchasing an additional 93 shares during the last quarter. 56.44% of the stock is currently owned by institutional investors.

National HealthCare Stock Down 2.2%

Shares of NYSEAMERICAN NHC opened at $228.38 on Tuesday. National HealthCare Corporation has a 12 month low of $110.83 and a 12 month high of $239.29. The company has a market cap of $3.58 billion, a price-to-earnings ratio of 25.69 and a beta of 0.61. The business has a fifty day simple moving average of $217.18 and a 200-day simple moving average of $188.25.

National HealthCare (NYSEAMERICAN:NHC) last announced its earnings results on Thursday, August 6th. The company reported $1.74 earnings per share (EPS) for the quarter. The company had revenue of $408.03 million for the quarter. National HealthCare had a net margin of 9.00% and a return on equity of 10.03%.

National HealthCare Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, October 30th. Stockholders of record on Wednesday, September 30th will be paid a dividend of $0.67 per share. This represents a $2.68 annualized dividend and a dividend yield of 1.2%. The ex-dividend date is Wednesday, September 30th. National HealthCare’s dividend payout ratio is 61.89%.

Wall Street Analyst Weigh In

NHC has been the subject of several analyst reports. The Goldman Sachs Group upgraded National HealthCare to a “strong-buy” rating in a research report on Monday, May 18th. Royal Bank Of Canada upgraded National HealthCare to a “hold” rating in a research report on Monday, May 18th. Robert W. Baird raised National HealthCare to a “strong-buy” rating in a research note on Monday, May 18th. Finally, BMO Capital Markets raised National HealthCare to a “hold” rating in a report 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 stock has a consensus rating of “Buy”.

Insider Transactions at National HealthCare

In related news, CEO Stephen Fowler Flatt sold 1,500 shares of National HealthCare stock in a transaction dated Wednesday, August 19th. The stock was sold at an average price of $237.08, for a total transaction of $355,620.00. Following the sale, the chief executive officer directly owned 65,487 shares of the company’s stock, valued at $15,525,657.96. This trade represents a 2.24% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Lisa Piercey purchased 949 shares of the stock in a transaction on Monday, June 1st. The stock was acquired at an average cost of $184.26 per share, for a total transaction of $174,862.74. Following the acquisition, the director directly owned 949 shares in the company, valued at approximately $174,862.74. This trade represents a ∞ increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Corporate insiders own 13.92% of the company’s stock.

National HealthCare 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.