Victory Capital Management Inc. Sells 35,580 Shares of National HealthCare Co. (NYSE:NHC)

Victory Capital Management Inc. decreased its position in shares of National HealthCare Co. (NYSE:NHC - Free Report) by 40.7% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 51,770 shares of the company's stock after selling 35,580 shares during the period. Victory Capital Management Inc. owned 0.34% of National HealthCare worth $6,511,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in NHC. UniSuper Management Pty Ltd purchased a new stake in shares of National HealthCare during the first quarter worth about $366,000. TD Asset Management Inc boosted its position in shares of National HealthCare by 51.7% during the 2nd quarter. TD Asset Management Inc now owns 13,500 shares of the company's stock valued at $1,463,000 after acquiring an additional 4,600 shares during the last quarter. Miller Howard Investments Inc. NY purchased a new position in shares of National HealthCare in the second quarter valued at $323,000. Allspring Global Investments Holdings LLC increased its position in National HealthCare by 30.3% in the third quarter. Allspring Global Investments Holdings LLC now owns 64,688 shares of the company's stock worth $8,136,000 after purchasing an additional 15,061 shares during the last quarter. Finally, Marshall Wace LLP purchased a new stake in National HealthCare during the second quarter valued at $228,000. Institutional investors own 56.44% of the company's stock.

National HealthCare Trading Up 0.5 %

Shares of NYSE:NHC traded up $0.63 during trading on Friday, hitting $126.48. The company had a trading volume of 49,324 shares, compared to its average volume of 48,350. The stock has a market cap of $1.95 billion, a price-to-earnings ratio of 15.85 and a beta of 0.41. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.80 and a quick ratio of 1.77. The company has a fifty day simple moving average of $123.69 and a two-hundred day simple moving average of $118.92. National HealthCare Co. has a one year low of $75.53 and a one year high of $138.49.

National HealthCare Announces Dividend

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 paid a dividend of $0.61 per share. This represents a $2.44 annualized dividend and a yield of 1.93%. The ex-dividend date of this dividend is Monday, December 30th. National HealthCare's payout ratio is 30.58%.

Analysts Set New Price Targets

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

Insider Buying and Selling at National HealthCare

In other National HealthCare news, SVP Brian F. Kidd sold 2,000 shares of the firm's stock in a transaction dated 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 $2,827,327.47. This trade represents a 8.42 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 13.75% of the company's stock.

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.