National HealthCare Co. (NYSE:NHC) Shares Acquired by Allworth Financial LP

Allworth Financial LP lifted its position in shares of National HealthCare Co. (NYSE:NHC) by 378.0% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 564 shares of the company’s stock after buying an additional 446 shares during the period. Allworth Financial LP’s holdings in National HealthCare were worth $61,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Exchange Traded Concepts LLC lifted its stake in shares of National HealthCare by 2.6% during the 4th quarter. Exchange Traded Concepts LLC now owns 5,798 shares of the company’s stock worth $624,000 after purchasing an additional 145 shares during the period. Nisa Investment Advisors LLC boosted its stake in National HealthCare by 5.3% in the 3rd quarter. Nisa Investment Advisors LLC now owns 4,091 shares of the company’s stock worth $517,000 after buying an additional 206 shares during the last quarter. Inspire Investing LLC grew its holdings in National HealthCare by 10.5% in the 4th quarter. Inspire Investing LLC now owns 4,092 shares of the company’s stock valued at $440,000 after buying an additional 390 shares during the period. Franklin Resources Inc. increased its stake in shares of National HealthCare by 6.5% during the 3rd quarter. Franklin Resources Inc. now owns 6,655 shares of the company’s stock valued at $806,000 after acquiring an additional 409 shares during the last quarter. Finally, The Manufacturers Life Insurance Company lifted its holdings in shares of National HealthCare by 7.4% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 7,211 shares of the company’s stock worth $907,000 after acquiring an additional 497 shares during the period. Institutional investors and hedge funds own 56.44% of the company’s stock.

Analyst Upgrades and Downgrades

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

National HealthCare Trading Down 3.3 %

Shares of NHC opened at $90.62 on Tuesday. National HealthCare Co. has a twelve month low of $87.03 and a twelve month high of $138.49. The firm has a market capitalization of $1.40 billion, a P/E ratio of 11.36 and a beta of 0.45. The company has a current ratio of 1.80, a quick ratio of 1.77 and a debt-to-equity ratio of 0.14. The stock’s fifty day simple moving average is $102.63 and its 200 day simple moving average is $117.31.

National HealthCare Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 25th. Stockholders of record on Friday, March 28th will be issued a $0.61 dividend. The ex-dividend date of this dividend is Friday, March 28th. This represents a $2.44 dividend on an annualized basis and a dividend yield of 2.69%. National HealthCare’s dividend payout ratio (DPR) is 30.58%.

Insider Activity

In related news, insider Health Corp National sold 28,147 shares of the stock in a transaction on Friday, December 20th. The stock was 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 directly owns 1,056,616 shares in the company, valued at approximately $120,147,805.36. This represents a 2.59 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Timothy J. Shelly sold 614 shares of the firm’s stock in a transaction dated Friday, December 13th. The shares were sold at an average price of $121.44, for a total value of $74,564.16. The disclosure for this sale can be found here. 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.