Mutual of America Capital Management LLC Trims Stake in National HealthCare Co. (NYSE:NHC)

Mutual of America Capital Management LLC lowered its position in National HealthCare Co. (NYSE:NHC) by 16.7% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,856 shares of the company’s stock after selling 372 shares during the period. Mutual of America Capital Management LLC’s holdings in National HealthCare were worth $233,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also modified their holdings of the company. GAMMA Investing LLC lifted its holdings in National HealthCare by 196.2% during the 2nd quarter. GAMMA Investing LLC now owns 231 shares of the company’s stock valued at $25,000 after buying an additional 153 shares in the last quarter. Copeland Capital Management LLC purchased a new position in shares of National HealthCare during the third quarter worth approximately $62,000. Innealta Capital LLC bought a new stake in shares of National HealthCare during the second quarter valued at approximately $98,000. Reliant Investment Management LLC purchased a new stake in shares of National HealthCare in the third quarter valued at approximately $203,000. Finally, Blue Trust Inc. grew its stake in National HealthCare by 6,700.0% in the second quarter. Blue Trust Inc. now owns 2,040 shares of the company’s stock worth $221,000 after purchasing an additional 2,010 shares in the last quarter. Hedge funds and other institutional investors own 56.44% of the company’s stock.

National HealthCare Stock Performance

NHC stock opened at $125.20 on Friday. National HealthCare Co. has a 1-year low of $75.53 and a 1-year high of $138.49. The business has a 50-day moving average price of $123.78 and a 200 day moving average price of $119.60. The company has a market capitalization of $1.93 billion, a P/E ratio of 15.69 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.

National HealthCare Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Monday, December 30th will be given a $0.61 dividend. The ex-dividend date of this dividend is Monday, December 30th. This represents a $2.44 annualized dividend and a dividend yield of 1.95%. National HealthCare’s payout ratio is presently 30.58%.

Insider Activity

In other 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 sale, the senior vice president now directly owns 21,747 shares in the company, valued at approximately $2,827,327.47. This trade represents a 8.42 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 13.75% of the company’s stock.

Analysts Set New Price Targets

Separately, StockNews.com raised National HealthCare from a “buy” rating to a “strong-buy” rating in a research report on Saturday, November 16th.

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.