National HealthCare Co. (NYSEAMERICAN:NHC) was the recipient of a large increase in short interest during the month of October. As of October 31st, there was short interest totalling 194,508 shares, an increase of 22.6% from the October 15th total of 158,689 shares. Based on an average daily trading volume, of 34,926 shares, the days-to-cover ratio is presently 5.6 days. Currently, 1.7% of the company’s shares are sold short.
In related news, VP John K. Lines sold 9,350 shares of National HealthCare stock in a transaction that occurred on Friday, August 31st. The stock was sold at an average price of $77.30, for a total transaction of $722,755.00. Following the sale, the vice president now directly owns 24,453 shares in the company, valued at $1,890,216.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Ernest G. Burgess III sold 3,000 shares of National HealthCare stock in a transaction that occurred on Monday, August 13th. The shares were sold at an average price of $73.31, for a total value of $219,930.00. Following the sale, the director now owns 96,171 shares in the company, valued at $7,050,296.01. The disclosure for this sale can be found here. Over the last quarter, insiders sold 17,350 shares of company stock worth $1,325,085.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in NHC. Advisors Asset Management Inc. boosted its position in shares of National HealthCare by 1,278.5% during the second quarter. Advisors Asset Management Inc. now owns 154,939 shares of the company’s stock valued at $847,000 after purchasing an additional 143,699 shares in the last quarter. BlackRock Inc. boosted its position in shares of National HealthCare by 9.9% during the second quarter. BlackRock Inc. now owns 815,732 shares of the company’s stock valued at $57,409,000 after purchasing an additional 73,614 shares in the last quarter. Bessemer Group Inc. boosted its position in shares of National HealthCare by 353.0% during the third quarter. Bessemer Group Inc. now owns 67,504 shares of the company’s stock valued at $5,088,000 after purchasing an additional 52,604 shares in the last quarter. Renaissance Technologies LLC boosted its position in shares of National HealthCare by 5.5% during the second quarter. Renaissance Technologies LLC now owns 559,200 shares of the company’s stock valued at $39,356,000 after purchasing an additional 29,200 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its position in shares of National HealthCare by 4.7% during the second quarter. Dimensional Fund Advisors LP now owns 627,443 shares of the company’s stock valued at $44,159,000 after purchasing an additional 28,207 shares in the last quarter.
National HealthCare (NYSEAMERICAN:NHC) last released its quarterly earnings results on Friday, August 10th. The company reported $0.93 earnings per share for the quarter. The firm had revenue of $242.14 million for the quarter.
The company also recently declared a quarterly dividend, which will be paid on Monday, December 3rd. Investors of record on Friday, September 28th will be given a dividend of $0.50 per share. The ex-dividend date of this dividend is Thursday, September 27th. This represents a $2.00 annualized dividend and a dividend yield of 2.49%.
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About National HealthCare
National HealthCare Corporation operates, manages, and provides services to skilled nursing facilities, assisted living facilities, independent living facilities, and home health care programs. The company's 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 services for patients recovering from strokes, heart attacks, orthopedic conditions, neurological illnesses, or other illnesses, injuries, or disabilities.
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