Bank of New York Mellon Corp Trims Stake in National HealthCare Co. (NYSE:NHC)

Bank of New York Mellon Corp lessened its holdings in shares of National HealthCare Co. (NYSE:NHC - Free Report) by 6.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 124,681 shares of the company's stock after selling 7,920 shares during the quarter. Bank of New York Mellon Corp owned approximately 0.81% of National HealthCare worth $13,411,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Allworth Financial LP boosted its position in shares of National HealthCare by 378.0% during the fourth quarter. Allworth Financial LP now owns 564 shares of the company's stock valued at $61,000 after buying an additional 446 shares during the last quarter. Global Retirement Partners LLC bought a new position in shares of National HealthCare in the fourth quarter worth about $83,000. Meridian Wealth Management LLC bought a new position in shares of National HealthCare in the third quarter worth about $229,000. Captrust Financial Advisors bought a new stake in National HealthCare during the 3rd quarter valued at approximately $233,000. Finally, Hohimer Wealth Management LLC bought a new stake in National HealthCare during the 3rd quarter valued at approximately $274,000. 56.44% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, StockNews.com cut National HealthCare from a "strong-buy" rating to a "buy" rating in a report on Monday, March 3rd.

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Insider Buying and Selling at National HealthCare

In other news, insider Health Corp National sold 28,147 shares of the stock in a transaction dated 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 transaction, the insider now directly owns 1,056,616 shares of the company's stock, 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 document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 13.75% of the stock is currently owned by company insiders.

National HealthCare Trading Up 0.8 %

NHC traded up $0.72 during trading hours on Friday, reaching $93.62. 33,832 shares of the company's stock traded hands, compared to its average volume of 57,337. The company has a quick ratio of 1.77, a current ratio of 1.80 and a debt-to-equity ratio of 0.14. The firm has a 50-day moving average price of $97.73 and a 200 day moving average price of $113.94. The firm has a market capitalization of $1.45 billion, a PE ratio of 11.73 and a beta of 0.41. National HealthCare Co. has a 52-week low of $87.03 and a 52-week high of $138.49.

National HealthCare Dividend Announcement

The business also recently disclosed 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 dividend yield of 2.61%. The ex-dividend date is Friday, March 28th. National HealthCare's dividend payout ratio (DPR) is currently 37.31%.

National HealthCare 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.