Murfreesboro, TN—National Healthcare Corp (NYSE:NHC), a healthcare company with a strong financial health score according to InvestingPro data, reported a significant insider transaction by National Health Corp, an affiliate of the company. The stock has shown robust performance with a 22.49% gain year-to-date. On December 20, the affiliate sold 28,147 shares of common stock at an average price of $113.71 per share, amounting to approximately $3.2 million. Following this transaction, the affiliate retains ownership of 1,056,616 shares directly. The company maintains a moderate debt-to-equity ratio of 0.24 and has raised its dividend for 11 consecutive years, demonstrating strong financial management. InvestingPro subscribers can access additional insights, including 5 more ProTips about NHC's financial outlook. The transaction was disclosed in a filing with the Securities and Exchange Commission, signed by Brian F. Kidd, Secretary of National Health Corp.
In other recent news, National HealthCare Corporation, a provider of skilled nursing care facilities, has disclosed the impending retirement of a long-standing board member, W. Andrew Adams. After a dedicated tenure of over three decades, Adams will step down from the company's Board of Directors effective after the annual meeting of shareholders slated for May 8, 2025. It's important to note that Adams' decision to retire was not due to any disagreements with the corporation's operations, policies, or practices.
The recent announcement, revealed in a filing with the Securities and Exchange Commission, left open the question of Adams' successor and how the company plans to fill the vacancy following his departure. Despite this change, National HealthCare Corporation continues to concentrate on delivering quality care and services within its industry segment. This development is part of the ongoing changes within the corporation.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.