National HealthCare Co. (NHC) Short Interest Up 22.6% in October

National HealthCare Co. (NYSEAMERICAN:NHC) was the recipient of a significant growth in short interest in October. As of October 31st, there was short interest totalling 194,508 shares, a growth of 22.6% from the October 15th total of 158,689 shares. Based on an average daily trading volume, of 34,926 shares, the short-interest ratio is presently 5.6 days. Currently, 1.7% of the shares of the company are sold short.

NHC opened at $80.48 on Friday. National HealthCare has a 52-week low of $57.00 and a 52-week high of $84.90.

National HealthCare (NYSEAMERICAN:NHC) last posted its quarterly earnings data on Friday, August 10th. The company reported $0.93 earnings per share (EPS) for the quarter. The company had revenue of $242.14 million for the quarter.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 3rd. Shareholders of record on Friday, September 28th will be issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 2.49%. The ex-dividend date of this dividend is Thursday, September 27th.

In other National HealthCare news, VP John K. Lines sold 9,350 shares of the stock in a transaction on Friday, August 31st. The shares were sold at an average price of $77.30, for a total transaction of $722,755.00. Following the transaction, the vice president now directly owns 24,453 shares of the company’s stock, valued at $1,890,216.90. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Emil E. Hassan sold 5,000 shares of the stock in a transaction on Thursday, August 16th. The shares were sold at an average price of $76.48, for a total transaction of $382,400.00. Following the transaction, the director now directly owns 50,509 shares in the company, valued at $3,862,928.32. The disclosure for this sale can be found here. Insiders have sold 17,350 shares of company stock worth $1,325,085 over the last three months.

A number of institutional investors and hedge funds have recently bought and sold shares of NHC. Nisa Investment Advisors LLC lifted its holdings in National HealthCare by 65.3% during the second quarter. Nisa Investment Advisors LLC now owns 2,025 shares of the company’s stock valued at $143,000 after purchasing an additional 800 shares in the last quarter. Hartford Investment Management Co. purchased a new position in National HealthCare during the second quarter valued at $230,000. First Trust Advisors LP lifted its holdings in National HealthCare by 14.4% during the second quarter. First Trust Advisors LP now owns 44,978 shares of the company’s stock valued at $3,166,000 after purchasing an additional 5,655 shares in the last quarter. Virginia Retirement Systems ET AL lifted its holdings in National HealthCare by 19.6% during the second quarter. Virginia Retirement Systems ET AL now owns 6,700 shares of the company’s stock valued at $472,000 after purchasing an additional 1,100 shares in the last quarter. Finally, Sei Investments Co. lifted its holdings in National HealthCare by 29.3% during the second quarter. Sei Investments Co. now owns 6,429 shares of the company’s stock valued at $452,000 after purchasing an additional 1,458 shares in the last quarter.

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National HealthCare Company Profile

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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