Charles Schwab Investment Management Inc. Sells 1,157 Shares of National HealthCare Co. (NYSE:NHC)

Charles Schwab Investment Management Inc. decreased its holdings in shares of National HealthCare Co. (NYSE:NHC) by 0.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 194,381 shares of the company’s stock after selling 1,157 shares during the period. Charles Schwab Investment Management Inc. owned about 1.26% of National HealthCare worth $20,908,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently modified their holdings of the business. Morgan Stanley Institutional Investment Advisors LLC purchased a new position in shares of National HealthCare during the 3rd quarter valued at $98,156,000. Jane Street Group LLC lifted its stake in shares of National HealthCare by 213.3% during the 3rd quarter. Jane Street Group LLC now owns 28,887 shares of the company’s stock valued at $3,633,000 after buying an additional 19,667 shares in the last quarter. Barclays PLC lifted its stake in shares of National HealthCare by 345.6% during the 3rd quarter. Barclays PLC now owns 21,063 shares of the company’s stock valued at $2,649,000 after buying an additional 16,336 shares in the last quarter. Systematic Financial Management LP lifted its stake in shares of National HealthCare by 6.6% during the 3rd quarter. Systematic Financial Management LP now owns 113,922 shares of the company’s stock valued at $14,328,000 after buying an additional 7,011 shares in the last quarter. Finally, Ellsworth Advisors LLC purchased a new position in shares of National HealthCare during the 4th quarter valued at $650,000. Institutional investors own 56.44% of the company’s stock.

National HealthCare Stock Up 1.6 %

Shares of NHC stock opened at $94.56 on Thursday. The stock has a market cap of $1.46 billion, a P/E ratio of 11.85 and a beta of 0.41. National HealthCare Co. has a 52 week low of $87.03 and a 52 week high of $138.49. The company has a quick ratio of 1.77, a current ratio of 1.80 and a debt-to-equity ratio of 0.14. The company’s fifty day simple moving average is $97.28 and its two-hundred day simple moving average is $113.05.

National HealthCare Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, April 25th. Shareholders of record on Friday, March 28th will be paid a $0.61 dividend. This represents a $2.44 annualized dividend and a yield of 2.58%. The ex-dividend date of this dividend is Friday, March 28th. National HealthCare’s payout ratio is currently 37.31%.

Wall Street Analyst Weigh In

Separately, StockNews.com cut shares of National HealthCare from a “strong-buy” rating to a “buy” rating in a research note on Monday, March 3rd.

Insiders Place Their Bets

In other National HealthCare news, insider Health Corp National sold 28,147 shares of the business’s stock in a transaction 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 sale, the insider now owns 1,056,616 shares in the company, valued at $120,147,805.36. The trade was a 2.59 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 13.75% of the company’s stock.

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.