National HealthCare Co. (NYSE:NHC) VP Timothy J. Shelly Sells 614 Shares

National HealthCare Co. (NYSE:NHC) VP Timothy J. Shelly sold 614 shares of the company’s stock in a transaction dated Friday, December 13th. The shares were sold at an average price of $121.44, for a total transaction of $74,564.16. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.

National HealthCare Trading Down 3.3 %

Shares of NYSE NHC traded down $3.49 during midday trading on Monday, hitting $103.31. 56,590 shares of the company traded hands, compared to its average volume of 54,563. National HealthCare Co. has a 12-month low of $87.03 and a 12-month high of $138.49. The firm has a market cap of $1.60 billion, a P/E ratio of 12.95 and a beta of 0.43. The stock has a 50-day moving average price of $120.84 and a 200 day moving average price of $122.45. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.77 and a current ratio of 1.80.

National HealthCare Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Monday, December 30th will be given a $0.61 dividend. This represents a $2.44 annualized dividend and a dividend yield of 2.36%. The ex-dividend date is Monday, December 30th. National HealthCare’s dividend payout ratio is currently 30.58%.

Institutional Investors Weigh In On National HealthCare

Hedge funds have recently made changes to their positions in the company. JPMorgan Chase & Co. boosted its holdings in shares of National HealthCare by 6.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 43,073 shares of the company’s stock valued at $5,417,000 after buying an additional 2,419 shares in the last quarter. Franklin Resources Inc. grew its holdings in National HealthCare by 6.5% in the third quarter. Franklin Resources Inc. now owns 6,655 shares of the company’s stock worth $806,000 after purchasing an additional 409 shares during the period. Hohimer Wealth Management LLC bought a new position in shares of National HealthCare during the third quarter valued at approximately $274,000. Barclays PLC lifted its holdings in shares of National HealthCare by 345.6% during the third quarter. Barclays PLC now owns 21,063 shares of the company’s stock valued at $2,649,000 after purchasing an additional 16,336 shares during the last quarter. Finally, Jane Street Group LLC grew its stake in shares of National HealthCare by 213.3% in the 3rd quarter. Jane Street Group LLC now owns 28,887 shares of the company’s stock worth $3,633,000 after buying an additional 19,667 shares during the last quarter. 56.44% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded National HealthCare from a “buy” rating to a “strong-buy” rating in a report on Saturday, November 16th.

About National HealthCare

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.