National HealthCare Co. (NYSE:NHC) Shares Sold by Victory Capital Management Inc.

Victory Capital Management Inc. lowered its stake in National HealthCare Co. (NYSE:NHC - Free Report) by 84.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,279 shares of the company's stock after selling 43,491 shares during the period. Victory Capital Management Inc. owned 0.05% of National HealthCare worth $890,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in NHC. Allworth Financial LP grew its stake in National HealthCare by 378.0% during the fourth quarter. Allworth Financial LP now owns 564 shares of the company's stock valued at $61,000 after acquiring an additional 446 shares in the last quarter. Global Retirement Partners LLC purchased a new position in National HealthCare during the fourth quarter valued at $83,000. Meridian Wealth Management LLC purchased a new position in shares of National HealthCare in the 3rd quarter worth about $229,000. Captrust Financial Advisors bought a new position in shares of National HealthCare during the third quarter valued at $233,000. Finally, Hohimer Wealth Management LLC bought a new position in shares of National HealthCare during the 3rd quarter valued at $274,000. Institutional investors and hedge funds own 56.44% of the company's stock.

National HealthCare Price Performance

Shares of NHC stock traded up $0.74 during mid-day trading on Monday, hitting $91.46. 62,734 shares of the stock were exchanged, compared to its average volume of 63,551. The company has a quick ratio of 1.77, a current ratio of 1.80 and a debt-to-equity ratio of 0.14. National HealthCare Co. has a 52-week low of $87.03 and a 52-week high of $138.49. The company has a market cap of $1.41 billion, a PE ratio of 11.46 and a beta of 0.41. The firm has a fifty day moving average of $96.99 and a 200 day moving average of $112.31.

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National HealthCare Dividend Announcement

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

Analyst Upgrades and Downgrades

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

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.