Bessemer Group Inc. cut its position in shares of National HealthCare Co. (NYSEMKT:NHC) by 2.2% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 61,425 shares of the company’s stock after selling 1,366 shares during the period. Bessemer Group Inc. owned approximately 0.40% of National HealthCare worth $4,308,000 at the end of the most recent quarter.
Separately, Russell Investments Group Ltd. boosted its stake in National HealthCare by 1.6% in the second quarter. Russell Investments Group Ltd. now owns 56,013 shares of the company’s stock valued at $3,929,000 after buying an additional 904 shares in the last quarter.
National HealthCare Co. (NYSEMKT:NHC) traded up 0.31% during mid-day trading on Friday, hitting $61.78. 40,288 shares of the stock were exchanged. The company has a market cap of $938.75 million, a P/E ratio of 19.43 and a beta of 0.91. National HealthCare Co. has a one year low of $57.73 and a one year high of $78.99. The company has a 50-day moving average price of $66.71 and a 200-day moving average price of $70.82.
National HealthCare (NYSEMKT:NHC) last posted its quarterly earnings results on Friday, August 4th. The company reported $0.70 EPS for the quarter. National HealthCare had a return on equity of 6.26% and a net margin of 4.41%. The company had revenue of $239.46 million during the quarter. On average, analysts predict that National HealthCare Co. will post $2.54 earnings per share for the current fiscal year.
National HealthCare announced that its board has approved a share repurchase plan on Wednesday, August 9th that authorizes the company to repurchase $25.00 million in outstanding shares. This repurchase authorization authorizes the company to buy shares of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s management believes its stock is undervalued.
The firm also recently declared a quarterly dividend, which will be paid on Friday, December 1st. Stockholders of record on Friday, September 29th will be issued a dividend of $0.48 per share. The ex-dividend date of this dividend is Thursday, September 28th. This represents a $1.92 dividend on an annualized basis and a dividend yield of 3.11%. National HealthCare’s dividend payout ratio (DPR) is currently 52.94%.
Separately, BidaskClub lowered shares of National HealthCare from a “sell” rating to a “strong sell” rating in a research note on Saturday, July 8th.
In related news, SVP Jeffrey Russell Smith sold 4,000 shares of the business’s stock in a transaction on Monday, June 12th. The stock was sold at an average price of $72.78, for a total transaction of $291,120.00. The sale was disclosed in a document filed with the SEC, which is accessible through this link.
About National HealthCare
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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