Foundry Partners LLC cut its holdings in National HealthCare Co. (NYSE:NHC - Free Report) by 14.0% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 46,040 shares of the company's stock after selling 7,475 shares during the period. Foundry Partners LLC owned about 0.30% of National HealthCare worth $5,790,000 at the end of the most recent reporting period.
Several other hedge funds have also recently made changes to their positions in the business. GAMMA Investing LLC increased its position in National HealthCare by 35.5% during the third quarter. GAMMA Investing LLC now owns 313 shares of the company's stock valued at $39,000 after acquiring an additional 82 shares during the last quarter. Evergreen Capital Management LLC raised its position in National HealthCare by 2.9% in the 2nd quarter. Evergreen Capital Management LLC now owns 3,426 shares of the company's stock worth $373,000 after purchasing an additional 97 shares during the period. Louisiana State Employees Retirement System lifted its stake in National HealthCare by 1.5% in the second quarter. Louisiana State Employees Retirement System now owns 6,800 shares of the company's stock worth $737,000 after purchasing an additional 100 shares during the last quarter. Bank of Montreal Can boosted its position in shares of National HealthCare by 2.6% during the second quarter. Bank of Montreal Can now owns 3,903 shares of the company's stock valued at $423,000 after buying an additional 100 shares during the period. Finally, WINTON GROUP Ltd grew its stake in shares of National HealthCare by 1.1% during the second quarter. WINTON GROUP Ltd now owns 9,719 shares of the company's stock valued at $1,054,000 after buying an additional 107 shares during the last quarter. 56.44% of the stock is currently owned by hedge funds and other institutional investors.
National HealthCare Trading Up 0.5 %
NHC traded up $0.63 on Friday, reaching $126.48. 49,323 shares of the company traded hands, compared to its average volume of 62,142. 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 company has a market cap of $1.95 billion, a P/E ratio of 15.85 and a beta of 0.41. The firm has a fifty day simple moving average of $123.69 and a two-hundred day simple moving average of $118.74. National HealthCare Co. has a one year low of $75.53 and a one year high of $138.49.
National HealthCare Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Monday, December 30th will be issued a dividend of $0.61 per share. The ex-dividend date of this dividend is Monday, December 30th. This represents a $2.44 annualized dividend and a yield of 1.93%. National HealthCare's payout ratio is currently 30.58%.
Wall Street Analysts Forecast Growth
Separately, StockNews.com upgraded National HealthCare from a "buy" rating to a "strong-buy" rating in a report on Saturday, November 16th.
Get Our Latest Stock Report on National HealthCare
Insider Buying and Selling at National HealthCare
In other news, SVP Brian F. Kidd sold 2,000 shares of the company's stock in a transaction that occurred on Wednesday, September 4th. The shares were sold at an average price of $130.01, for a total value of $260,020.00. Following the completion of the sale, the senior vice president now owns 21,747 shares of the company's stock, valued at approximately $2,827,327.47. This represents a 8.42 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 13.75% of the stock is currently owned by corporate insiders.
National HealthCare Profile
(
Free Report)
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.
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