Nisa Investment Advisors LLC Cuts Stock Holdings in National HealthCare Co. (NYSE:NHC)

Nisa Investment Advisors LLC lowered its stake in shares of National HealthCare Co. (NYSE:NHC) by 7.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 3,798 shares of the company’s stock after selling 293 shares during the period. Nisa Investment Advisors LLC’s holdings in National HealthCare were worth $411,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of NHC. GAMMA Investing LLC increased its stake in National HealthCare by 35.5% in the third quarter. GAMMA Investing LLC now owns 313 shares of the company’s stock valued at $39,000 after acquiring an additional 82 shares during the last quarter. Copeland Capital Management LLC bought a new stake in shares of National HealthCare during the third quarter valued at approximately $62,000. Reliant Investment Management LLC purchased a new position in National HealthCare during the 3rd quarter valued at about $203,000. Ballentine Partners LLC bought a new stake in National HealthCare in the third quarter worth $223,000. Finally, Meridian Wealth Management LLC bought a new stake in National HealthCare during the 3rd quarter valued at about $229,000. 56.44% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, VP Timothy J. Shelly sold 614 shares of the firm’s stock in a transaction on Friday, December 13th. The shares were sold at an average price of $121.44, for a total transaction of $74,564.16. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, insider Health Corp National sold 28,147 shares of the business’s stock in a transaction that occurred on Friday, December 20th. The shares were sold at an average price of $113.71, for a total value of $3,200,595.37. Following the completion of the sale, the insider now owns 1,056,616 shares of the company’s stock, valued at $120,147,805.36. This trade represents a 2.59 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 13.75% of the stock is owned by insiders.

Analyst Ratings Changes

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

National HealthCare Trading Down 0.5 %

NHC stock opened at $99.25 on Thursday. 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 twelve month low of $87.03 and a twelve month high of $138.49. The stock has a market capitalization of $1.53 billion, a price-to-earnings ratio of 12.44 and a beta of 0.46. The firm’s fifty day simple moving average is $111.35 and its two-hundred day simple moving average is $120.81.

National HealthCare (NYSE:NHC) last announced its quarterly earnings data on Friday, November 8th. The company reported $1.20 earnings per share (EPS) for the quarter. The company had revenue of $340.20 million for the quarter. National HealthCare had a return on equity of 6.87% and a net margin of 10.03%.

National HealthCare Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Monday, December 30th will be paid a $0.61 dividend. This represents a $2.44 dividend on an annualized basis and a yield of 2.46%. The ex-dividend date of this dividend is Monday, December 30th. National HealthCare’s dividend payout ratio (DPR) is presently 30.58%.

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.