Acadian Asset Management LLC Has $20.52 Million Stake in National HealthCare Co. (NHC)

Acadian Asset Management LLC cut its holdings in shares of National HealthCare Co. (NYSEAMERICAN:NHC) by 6.2% during the fourth quarter, HoldingsChannel.com reports. The fund owned 336,683 shares of the company’s stock after selling 22,310 shares during the period. Acadian Asset Management LLC’s holdings in National HealthCare were worth $20,518,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. BNP Paribas Arbitrage SA grew its position in shares of National HealthCare by 286.1% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 2,081 shares of the company’s stock valued at $146,000 after acquiring an additional 1,542 shares during the period. SG Americas Securities LLC acquired a new stake in shares of National HealthCare during the 3rd quarter valued at about $155,000. Legal & General Group Plc grew its position in shares of National HealthCare by 3.0% during the 2nd quarter. Legal & General Group Plc now owns 2,769 shares of the company’s stock valued at $195,000 after acquiring an additional 81 shares during the period. Principal Financial Group Inc. acquired a new stake in shares of National HealthCare during the 2nd quarter valued at about $206,000. Finally, Virtu KCG Holdings LLC grew its position in shares of National HealthCare by 9.0% during the 2nd quarter. Virtu KCG Holdings LLC now owns 3,267 shares of the company’s stock valued at $229,000 after acquiring an additional 269 shares during the period.

Shares of National HealthCare Co. (NHC) opened at $63.07 on Friday. National HealthCare Co. has a twelve month low of $57.73 and a twelve month high of $77.00. The stock has a market capitalization of $958.47, a PE ratio of 19.71 and a beta of 0.40.

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

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 1st. Investors of record on Friday, December 29th will be issued a $0.48 dividend. This represents a $1.92 annualized dividend and a yield of 3.04%. The ex-dividend date of this dividend is Thursday, December 28th. National HealthCare’s payout ratio is 60.00%.

In other National HealthCare news, SVP Jeffrey Russell Smith sold 1,499 shares of the firm’s stock in a transaction that occurred on Wednesday, November 29th. The shares were sold at an average price of $67.06, for a total value of $100,522.94. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director James Paul Abernathy sold 800 shares of the firm’s stock in a transaction that occurred on Wednesday, November 15th. The stock was sold at an average price of $64.00, for a total transaction of $51,200.00. Following the completion of the transaction, the director now directly owns 23,478 shares in the company, valued at $1,502,592. The disclosure for this sale can be found here.

Several equities research analysts recently issued reports on the company. BidaskClub upgraded National HealthCare from a “strong sell” rating to a “sell” rating in a report on Wednesday, October 18th. ValuEngine cut National HealthCare from a “hold” rating to a “sell” rating in a report on Monday, October 2nd.

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National HealthCare Company 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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