Charles Schwab Investment Management Inc. Reduces Stock Holdings in National HealthCare Co. (NYSE:NHC)

Charles Schwab Investment Management Inc. lessened its stake in shares of National HealthCare Co. (NYSE:NHC - Free Report) by 3.5% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 195,538 shares of the company's stock after selling 7,109 shares during the period. Charles Schwab Investment Management Inc. owned approximately 1.27% of National HealthCare worth $24,593,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the company. GAMMA Investing LLC raised its stake in shares of National HealthCare by 196.2% in the second quarter. GAMMA Investing LLC now owns 231 shares of the company's stock worth $25,000 after purchasing an additional 153 shares during the last quarter. Copeland Capital Management LLC purchased a new stake in National HealthCare during the third quarter valued at $62,000. Innealta Capital LLC bought a new position in National HealthCare in the second quarter valued at about $98,000. Reliant Investment Management LLC purchased a new position in National HealthCare in the third quarter worth about $203,000. Finally, Blue Trust Inc. grew its position in National HealthCare by 6,700.0% during the second quarter. Blue Trust Inc. now owns 2,040 shares of the company's stock valued at $221,000 after buying an additional 2,010 shares during the period. Institutional investors own 56.44% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised National HealthCare from a "buy" rating to a "strong-buy" rating in a report on Saturday, November 16th.

National HealthCare Price Performance

National HealthCare stock traded down $1.63 during mid-day trading on Friday, hitting $123.44. The stock had a trading volume of 29,325 shares, compared to its average volume of 61,269. The company has a current ratio of 1.80, a quick ratio of 1.77 and a debt-to-equity ratio of 0.14. The firm's 50 day moving average is $123.73 and its 200 day moving average is $120.54. The firm has a market capitalization of $1.91 billion, a P/E ratio of 15.65 and a beta of 0.43. National HealthCare Co. has a one year low of $85.93 and a one year high of $138.49.

National HealthCare Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Monday, December 30th will be given a dividend of $0.61 per share. The ex-dividend date of this dividend is Monday, December 30th. This represents a $2.44 dividend on an annualized basis and a dividend yield of 1.98%. National HealthCare's dividend payout ratio is 30.58%.

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.