National HealthCare Co. (NHC) Shares Sold by Oppenheimer & Co. Inc.

Oppenheimer & Co. Inc. decreased its stake in National HealthCare Co. (NYSEAMERICAN:NHC) by 18.0% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 11,218 shares of the company’s stock after selling 2,460 shares during the quarter. Oppenheimer & Co. Inc. owned approximately 0.07% of National HealthCare worth $702,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in the business. Raymond James Financial Services Advisors Inc. lifted its position in National HealthCare by 0.6% in the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 6,239 shares of the company’s stock worth $438,000 after buying an additional 38 shares in the last quarter. Wells Fargo & Company MN lifted its position in National HealthCare by 0.9% in the 2nd quarter. Wells Fargo & Company MN now owns 7,995 shares of the company’s stock worth $561,000 after buying an additional 72 shares in the last quarter. Legal & General Group Plc lifted its position in National HealthCare by 3.0% in the 2nd quarter. Legal & General Group Plc now owns 2,769 shares of the company’s stock worth $195,000 after buying an additional 81 shares in the last quarter. Virtu KCG Holdings LLC lifted its position in National HealthCare by 9.0% in the 2nd quarter. Virtu KCG Holdings LLC now owns 3,267 shares of the company’s stock worth $229,000 after buying an additional 269 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. lifted its position in National HealthCare by 0.8% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 44,843 shares of the company’s stock worth $3,146,000 after buying an additional 356 shares in the last quarter.

A number of research analysts have recently weighed in on the stock. BidaskClub upgraded shares of National HealthCare from a “strong sell” rating to a “sell” rating in a report on Friday, August 11th. ValuEngine downgraded shares of National HealthCare from a “hold” rating to a “sell” rating in a report on Monday, October 2nd.

In related news, Director James Paul Abernathy sold 800 shares of National HealthCare stock in a transaction on Wednesday, November 15th. The shares were sold at an average price of $64.00, for a total value of $51,200.00. Following the transaction, the director now owns 23,478 shares in the company, valued at approximately $1,502,592. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Jeffrey Russell Smith sold 1,499 shares of National HealthCare stock in a transaction on Wednesday, November 29th. The stock was sold at an average price of $67.06, for a total transaction of $100,522.94. The disclosure for this sale can be found here. Insiders have sold a total of 4,147 shares of company stock worth $267,740 in the last 90 days.

National HealthCare Co. (NHC) traded down $0.34 during trading on Friday, hitting $66.01. 23,690 shares of the stock were exchanged, compared to its average volume of 28,737. National HealthCare Co. has a fifty-two week low of $57.73 and a fifty-two week high of $78.99.

National HealthCare (NYSEAMERICAN:NHC) last released its quarterly earnings results on Thursday, November 9th. The company reported $0.75 earnings per share for the quarter. The business had revenue of $241.99 million for the quarter. National HealthCare had a net margin of 4.62% and a return on equity of 6.60%.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 1st. Stockholders of record on Friday, December 29th will be issued a dividend of $0.48 per share. The ex-dividend date of this dividend is Thursday, December 28th. This represents a $1.92 dividend on an annualized basis and a dividend yield of 2.91%. National HealthCare’s dividend payout ratio is currently 43.13%.

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National HealthCare Profile

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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Institutional Ownership by Quarter for National HealthCare (NYSEAMERICAN:NHC)

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