National HealthCare Co. $NHC Shares Sold by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP reduced its stake in shares of National HealthCare Co. (NYSE:NHC) by 0.4% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 965,565 shares of the company’s stock after selling 4,297 shares during the period. Dimensional Fund Advisors LP owned 6.23% of National HealthCare worth $117,327,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the stock. Alps Advisors Inc. boosted its stake in National HealthCare by 19.9% during the 3rd quarter. Alps Advisors Inc. now owns 176,002 shares of the company’s stock valued at $21,386,000 after purchasing an additional 29,246 shares during the period. Allspring Global Investments Holdings LLC increased its stake in shares of National HealthCare by 55.9% in the third quarter. Allspring Global Investments Holdings LLC now owns 48,296 shares of the company’s stock valued at $6,020,000 after purchasing an additional 17,317 shares during the period. Vest Financial LLC bought a new stake in shares of National HealthCare during the third quarter valued at approximately $1,529,000. Geode Capital Management LLC raised its holdings in shares of National HealthCare by 1.9% during the second quarter. Geode Capital Management LLC now owns 310,747 shares of the company’s stock valued at $33,257,000 after buying an additional 5,747 shares during the last quarter. Finally, SG Americas Securities LLC acquired a new position in shares of National HealthCare during the third quarter worth approximately $1,167,000. 56.44% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at National HealthCare

In other news, VP Timothy J. Shelly sold 2,454 shares of the firm’s stock in a transaction dated Wednesday, December 17th. The stock was sold at an average price of $139.42, for a total value of $342,136.68. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 14.97% of the stock is owned by company insiders.

National HealthCare Price Performance

Shares of NYSE:NHC opened at $156.34 on Thursday. National HealthCare Co. has a 12 month low of $89.14 and a 12 month high of $174.54. The stock has a market cap of $2.43 billion, a price-to-earnings ratio of 19.59 and a beta of 0.60. The stock’s 50 day moving average price is $151.17 and its 200 day moving average price is $134.62. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.80 and a quick ratio of 1.77.

National HealthCare Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, April 30th. Shareholders of record on Tuesday, March 31st will be given a dividend of $0.64 per share. The ex-dividend date of this dividend is Tuesday, March 31st. This represents a $2.56 dividend on an annualized basis and a yield of 1.6%. National HealthCare’s payout ratio is currently 33.38%.

National HealthCare Company Profile

National HealthCare Corporation (NYSE: NHC) is a diversified provider of senior health care and related services, headquartered in Murfreesboro, Tennessee. Established in 1971, the company operates a network of post-acute and long-term care facilities, including skilled nursing centers, assisted living communities, independent living residences, and memory care units. In addition to its brick-and-mortar operations, the company offers home health, hospice, and rehabilitation services, aiming to support aging individuals at every stage of care.

The company’s skilled nursing facilities deliver 24-hour nursing services, therapy programs, and customized care plans designed to enhance patient recovery and quality of life.