WESPAC Advisors LLC Sells 2,627 Shares of National HealthCare Co. (NYSE:NHC)

WESPAC Advisors LLC decreased its position in National HealthCare Co. (NYSE:NHC) by 24.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,317 shares of the company’s stock after selling 2,627 shares during the quarter. WESPAC Advisors LLC’s holdings in National HealthCare were worth $895,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of the company. Barclays PLC increased its stake in shares of National HealthCare by 345.6% during the third quarter. Barclays PLC now owns 21,063 shares of the company’s stock valued at $2,649,000 after buying an additional 16,336 shares during the period. Cerity Partners LLC boosted its holdings in National HealthCare by 5.2% in the third quarter. Cerity Partners LLC now owns 16,631 shares of the company’s stock worth $2,092,000 after acquiring an additional 825 shares in the last quarter. Jane Street Group LLC lifted its holdings in shares of National HealthCare by 213.3% during the third quarter. Jane Street Group LLC now owns 28,887 shares of the company’s stock valued at $3,633,000 after purchasing an additional 19,667 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its holdings in shares of National HealthCare by 30.3% during the third quarter. Allspring Global Investments Holdings LLC now owns 64,688 shares of the company’s stock valued at $8,136,000 after purchasing an additional 15,061 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted its holdings in shares of National HealthCare by 6.0% during the third quarter. JPMorgan Chase & Co. now owns 43,073 shares of the company’s stock valued at $5,417,000 after purchasing an additional 2,419 shares in the last quarter. Institutional investors own 56.44% of the company’s stock.

National HealthCare Stock Performance

NYSE:NHC opened at $93.70 on Friday. The company has a current ratio of 1.80, a quick ratio of 1.77 and a debt-to-equity ratio of 0.14. National HealthCare Co. has a 12-month low of $87.03 and a 12-month high of $138.49. The stock has a 50-day moving average price of $103.26 and a 200 day moving average price of $117.55. The stock has a market capitalization of $1.45 billion, a P/E ratio of 11.74 and a beta of 0.45.

National HealthCare Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, April 25th. Investors of record on Friday, March 28th will be paid a dividend of $0.61 per share. This represents a $2.44 dividend on an annualized basis and a yield of 2.60%. The ex-dividend date is Friday, March 28th. National HealthCare’s payout ratio is presently 30.58%.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded National HealthCare from a “buy” rating to a “strong-buy” rating in a research report on Saturday, November 16th.

Insider Activity

In other news, insider Health Corp National sold 28,147 shares of the stock in a transaction that occurred on Friday, December 20th. The stock was sold at an average price of $113.71, for a total value of $3,200,595.37. Following the sale, the insider now directly owns 1,056,616 shares in the company, valued at approximately $120,147,805.36. This represents a 2.59 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, VP Timothy J. Shelly sold 614 shares of the firm’s stock in a transaction on Friday, December 13th. The stock was sold at an average price of $121.44, for a total value of $74,564.16. The disclosure for this sale can be found here. Corporate insiders own 13.75% of the company’s stock.

National HealthCare Company Profile

National HealthCare Corporation engages in the operation of services to skilled nursing facilities, assisted and independent living facilities, homecare and hospice agencies, and health hospitals. Its 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 for patients recovering from strokes, heart attacks, orthopedic conditions, neurological illnesses, or other illnesses, injuries, or disabilities.