Shell Asset Management Co. Has $116,000 Stock Holdings in National HealthCare Co. (NYSEAMERICAN:NHC)

Posted by Defense World Staff on Mar 2nd, 2023

Shell Asset Management Co. trimmed its holdings in shares of National HealthCare Co. (NYSEAMERICAN:NHC – Get Rating) by 11.5% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,826 shares of the company’s stock after selling 237 shares during the period. Shell Asset Management Co.’s holdings in National HealthCare were worth $116,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Captrust Financial Advisors boosted its stake in shares of National HealthCare by 57.1% during the 2nd quarter. Captrust Financial Advisors now owns 655 shares of the company’s stock worth $46,000 after buying an additional 238 shares during the last quarter. Allspring Global Investments Holdings LLC raised its holdings in shares of National HealthCare by 60.2% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 820 shares of the company’s stock valued at $51,000 after purchasing an additional 308 shares during the period. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main bought a new stake in shares of National HealthCare in the 2nd quarter valued at about $77,000. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of National HealthCare by 126.2% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,314 shares of the company’s stock valued at $83,000 after purchasing an additional 733 shares during the period. Finally, Great West Life Assurance Co. Can raised its holdings in shares of National HealthCare by 41.1% in the 1st quarter. Great West Life Assurance Co. Can now owns 1,343 shares of the company’s stock valued at $98,000 after purchasing an additional 391 shares during the period. 45.20% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other National HealthCare news, Director Ernest G. Burgess III sold 7,652 shares of the stock in a transaction dated Friday, December 2nd. The shares were sold at an average price of $61.08, for a total value of $467,384.16. Following the transaction, the director now directly owns 83,160 shares of the company’s stock, valued at approximately $5,079,412.80. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other National HealthCare news, Director Ernest G. Burgess III sold 7,652 shares of the stock in a transaction dated Friday, December 2nd. The shares were sold at an average price of $61.08, for a total value of $467,384.16. Following the transaction, the director now directly owns 83,160 shares of the company’s stock, valued at approximately $5,079,412.80. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director James Paul Abernathy purchased 2,176 shares of the stock in a transaction on Thursday, February 23rd. The stock was bought at an average cost of $57.45 per share, for a total transaction of $125,011.20. Following the completion of the acquisition, the director now owns 31,390 shares in the company, valued at $1,803,355.50. The disclosure for this purchase can be found here. 13.90% of the stock is owned by insiders.

National HealthCare Stock Performance

Shares of NHC stock opened at $55.38 on Thursday. The firm has a 50-day moving average price of $69.42. The company has a market cap of $849.53 million, a PE ratio of 38.19 and a beta of 0.28. National HealthCare Co. has a 52-week low of $55.24 and a 52-week high of $75.35.

National HealthCare Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, May 1st. Stockholders of record on Friday, March 31st will be issued a $0.57 dividend. The ex-dividend date is Thursday, March 30th. This represents a $2.28 dividend on an annualized basis and a dividend yield of 4.12%. National HealthCare’s payout ratio is 157.24%.

About National HealthCare

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National HealthCare Corp. engages in the provision of nursing facilities, assisted living facilities, independent living facilities and homecare programs. It provides sub and post-acute nursing care, intermediate nursing care, rehabilitative care, senior living services and home health care services.