Renaissance Technologies LLC Trims Stock Holdings in National HealthCare Co. (NYSE:NHC)

Renaissance Technologies LLC decreased its holdings in National HealthCare Co. (NYSE:NHC - Free Report) by 2.4% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 381,867 shares of the company's stock after selling 9,400 shares during the quarter. Renaissance Technologies LLC owned 2.47% of National HealthCare worth $41,074,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Allworth Financial LP increased its position in shares of National HealthCare by 378.0% during the 4th quarter. Allworth Financial LP now owns 564 shares of the company's stock valued at $61,000 after purchasing an additional 446 shares during the last quarter. Global Retirement Partners LLC purchased a new stake in shares of National HealthCare in the 4th quarter worth approximately $83,000. RWA Wealth Partners LLC increased its holdings in shares of National HealthCare by 16.7% in the 4th quarter. RWA Wealth Partners LLC now owns 2,100 shares of the company's stock valued at $226,000 after acquiring an additional 300 shares during the period. Captrust Financial Advisors bought a new position in National HealthCare in the third quarter worth about $233,000. Finally, Hohimer Wealth Management LLC purchased a new stake in National HealthCare during the third quarter valued at approximately $274,000. Institutional investors own 56.44% of the company's stock.

Analyst Upgrades and Downgrades

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

National HealthCare Trading Down 1.4 %

National HealthCare stock traded down $1.31 during midday trading on Wednesday, hitting $91.44. 7,659 shares of the stock were exchanged, compared to its average volume of 61,073. 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 stock has a market capitalization of $1.41 billion, a price-to-earnings ratio of 11.46 and a beta of 0.42. The stock's 50-day simple moving average is $94.31 and its 200 day simple moving average is $108.12. National HealthCare Co. has a fifty-two week low of $87.03 and a fifty-two week high of $138.49.

National HealthCare Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, April 25th. Shareholders of record on Friday, March 28th will be issued a dividend of $0.61 per share. This represents a $2.44 annualized dividend and a yield of 2.67%. The ex-dividend date is Friday, March 28th. National HealthCare's dividend payout ratio (DPR) is presently 37.31%.

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.