Allspring Global Investments Holdings LLC Boosts Holdings in National HealthCare Co. (NYSE:NHC)

Allspring Global Investments Holdings LLC lifted its position in shares of National HealthCare Co. (NYSE:NHC - Free Report) by 30.3% during the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 64,688 shares of the company's stock after purchasing an additional 15,061 shares during the period. Allspring Global Investments Holdings LLC owned about 0.42% of National HealthCare worth $8,136,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. GAMMA Investing LLC raised its holdings in shares of National HealthCare by 196.2% in the second quarter. GAMMA Investing LLC now owns 231 shares of the company's stock valued at $25,000 after buying an additional 153 shares during the last quarter. EntryPoint Capital LLC acquired a new stake in National HealthCare during the 1st quarter worth approximately $58,000. Innealta Capital LLC purchased a new position in shares of National HealthCare in the 2nd quarter valued at approximately $98,000. Reliant Investment Management LLC purchased a new position in shares of National HealthCare in the 3rd quarter valued at approximately $203,000. Finally, Susquehanna Fundamental Investments LLC acquired a new position in shares of National HealthCare in the first quarter valued at approximately $206,000. 56.44% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at National HealthCare

In related news, SVP Brian F. Kidd sold 2,000 shares of National HealthCare stock in a transaction that occurred on Wednesday, September 4th. The stock was sold at an average price of $130.01, for a total value of $260,020.00. Following the sale, the senior vice president now directly owns 21,747 shares in the company, valued at $2,827,327.47. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 13.75% of the company's stock.

National HealthCare Stock Performance

Shares of NYSE NHC traded down $0.63 during mid-day trading on Friday, hitting $118.69. 22,562 shares of the company were exchanged, compared to its average volume of 63,351. The business's 50 day moving average is $125.57. National HealthCare Co. has a 1-year low of $66.00 and a 1-year high of $138.49. The company has a market capitalization of $1.83 billion, a price-to-earnings ratio of 22.56 and a beta of 0.40.

National HealthCare (NYSE:NHC - Get Free Report) last released its earnings results on Friday, August 9th. The company reported $1.00 EPS for the quarter. National HealthCare had a net margin of 7.74% and a return on equity of 6.39%. The company had revenue of $300.66 million during the quarter.

National HealthCare Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 1st. Shareholders of record on Monday, September 30th will be given a dividend of $0.61 per share. This represents a $2.44 annualized dividend and a yield of 2.06%. The ex-dividend date of this dividend is Monday, September 30th. National HealthCare's payout ratio is 46.39%.

About National HealthCare

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.