National HealthCare Co. (NYSE:NHC) Holdings Lowered by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC reduced its position in shares of National HealthCare Co. (NYSE:NHC) by 7.2% during the 4th quarter, Holdings Channel.com reports. The firm 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 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Ellsworth Advisors LLC bought a new stake in National HealthCare during the fourth quarter worth approximately $650,000. JPMorgan Chase & Co. increased its position in National HealthCare by 6.0% in the third quarter. JPMorgan Chase & Co. now owns 43,073 shares of the company’s stock worth $5,417,000 after purchasing an additional 2,419 shares during the period. Franklin Resources Inc. grew its position 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 worth $806,000 after buying an additional 409 shares during the period. Hohimer Wealth Management LLC acquired a new stake in shares of National HealthCare during the third quarter worth about $274,000. Finally, Barclays PLC boosted its position in shares of National HealthCare by 345.6% during the third quarter. Barclays PLC now owns 21,063 shares of the company’s stock worth $2,649,000 after buying an additional 16,336 shares during the period. Hedge funds and other institutional investors own 56.44% of the company’s stock.

Analysts Set New Price Targets

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

Insider Activity

In related news, insider Health Corp National sold 28,147 shares of the company’s stock in a transaction dated 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 directly owns 1,056,616 shares of the company’s stock, valued at $120,147,805.36. This represents a 2.59 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Timothy J. Shelly sold 614 shares of the stock in a transaction that occurred on Friday, December 13th. The shares were sold at an average price of $121.44, for a total transaction of $74,564.16. The disclosure for this sale can be found here. Company insiders own 13.75% of the company’s stock.

National HealthCare Price Performance

National HealthCare stock opened at $99.25 on Thursday. National HealthCare Co. has a one year low of $87.03 and a one year high of $138.49. 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 stock’s 50 day moving average is $111.35 and its 200 day moving average is $120.81. The firm has a market cap of $1.53 billion, a P/E ratio of 12.44 and a beta of 0.46.

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

National HealthCare Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Monday, December 30th will be given a dividend of $0.61 per share. This represents a $2.44 annualized dividend and a dividend yield of 2.46%. The ex-dividend date is Monday, December 30th. National HealthCare’s dividend payout ratio is currently 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.