National HealthCare (NYSEAMERICAN:NHC) Lifted to “Strong-Buy” at upgraded shares of National HealthCare (NYSEAMERICAN:NHCFree Report) from a buy rating to a strong-buy rating in a report released on Friday morning.

National HealthCare Trading Up 0.8 %

NYSEAMERICAN NHC opened at $93.23 on Friday. National HealthCare has a 52 week low of $51.56 and a 52 week high of $99.98. The stock has a market cap of $1.43 billion, a price-to-earnings ratio of 32.04 and a beta of 0.35.

National HealthCare Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, May 1st. Investors of record on Friday, March 29th will be paid a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a yield of 2.53%. The ex-dividend date is Wednesday, March 27th. National HealthCare’s dividend payout ratio is currently 81.10%.

Insider Activity at National HealthCare

In related news, Director Emil E. Hassan sold 7,500 shares of the firm’s stock in a transaction that occurred on Monday, December 4th. The shares were sold at an average price of $85.50, for a total value of $641,250.00. Following the sale, the director now directly owns 73,095 shares of the company’s stock, valued at $6,249,622.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 13.90% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. International Assets Investment Management LLC grew its holdings in shares of National HealthCare by 9,150.0% in the fourth quarter. International Assets Investment Management LLC now owns 370 shares of the company’s stock worth $34,000 after purchasing an additional 366 shares during the last quarter. Lazard Asset Management LLC bought a new stake in National HealthCare in the second quarter valued at $37,000. Parallel Advisors LLC boosted its holdings in National HealthCare by 131.3% in the second quarter. Parallel Advisors LLC now owns 694 shares of the company’s stock valued at $43,000 after acquiring an additional 394 shares in the last quarter. Blue Trust Inc. bought a new stake in National HealthCare in the fourth quarter valued at $46,000. Finally, Captrust Financial Advisors boosted its holdings in National HealthCare by 57.1% in the second quarter. Captrust Financial Advisors now owns 655 shares of the company’s stock valued at $46,000 after acquiring an additional 238 shares in the last quarter. Institutional investors own 48.13% of the company’s stock.

National HealthCare Company Profile

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National HealthCare Corporation operates, manages, and provides services to skilled nursing facilities, assisted living facilities, independent living facilities, homecare and hospice agencies, and a behavioral health hospital. 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.

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