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

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

A number of other hedge funds and other institutional investors have also bought and sold shares 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 worth $25,000 after buying an additional 153 shares during the period. EntryPoint Capital LLC acquired a new position in National HealthCare during the 1st quarter worth about $58,000. Copeland Capital Management LLC acquired a new position in National HealthCare during the 3rd quarter worth about $62,000. Innealta Capital LLC acquired a new position in National HealthCare during the 2nd quarter worth about $98,000. Finally, Reliant Investment Management LLC acquired a new position in National HealthCare during the 3rd quarter worth about $203,000. Institutional investors own 56.44% of the company’s stock.

Insider Activity

In related news, SVP Brian F. Kidd sold 2,000 shares of the business’s stock in a transaction dated Wednesday, September 4th. The stock was 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 directly owns 21,747 shares of the company’s stock, valued at $2,827,327.47. The trade was a 8.42 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 13.75% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

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

National HealthCare Stock Up 0.5 %

Shares of NYSE:NHC opened at $126.48 on Friday. The company has a market capitalization 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 business’s 50-day moving average is $123.69 and its 200-day moving average is $118.74. National HealthCare Co. has a 1 year low of $75.53 and a 1 year high of $138.49.

National HealthCare Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Stockholders 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 dividend yield of 1.93%. The ex-dividend date is Monday, December 30th. National HealthCare’s dividend payout ratio is 30.58%.

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.