National HealthCare Co. (NYSE:NHC) Shares Bought by American Century Companies Inc.

American Century Companies Inc. increased its stake in National HealthCare Co. (NYSE:NHC - Free Report) by 10.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 32,141 shares of the company's stock after buying an additional 3,084 shares during the period. American Century Companies Inc. owned 0.21% of National HealthCare worth $3,457,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Allworth Financial LP boosted its position in National HealthCare by 378.0% during the 4th quarter. Allworth Financial LP now owns 564 shares of the company's stock valued at $61,000 after acquiring an additional 446 shares in the last quarter. Global Retirement Partners LLC purchased a new stake in shares of National HealthCare during the 4th quarter worth $83,000. Captrust Financial Advisors bought a new stake in National HealthCare during the third quarter valued at about $233,000. Hohimer Wealth Management LLC purchased a new position in National HealthCare in the third quarter valued at about $274,000. Finally, BNP Paribas Financial Markets raised its holdings in National HealthCare by 154.6% in the third quarter. BNP Paribas Financial Markets now owns 2,813 shares of the company's stock worth $354,000 after purchasing an additional 1,708 shares in the last quarter. Institutional investors own 56.44% of the company's stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com cut National HealthCare from a "strong-buy" rating to a "buy" rating in a research report on Monday, March 3rd.

National HealthCare Stock Performance

NHC traded up $1.25 on Friday, reaching $91.91. 49,674 shares of the stock were exchanged, compared to its average volume of 62,345. 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 company's 50-day moving average price is $94.66 and its 200 day moving average price is $108.57. The firm has a market capitalization of $1.42 billion, a PE ratio of 11.52 and a beta of 0.42. National HealthCare Co. has a fifty-two week low of $87.03 and a fifty-two week high of $138.49.

National HealthCare Dividend Announcement

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 given a dividend of $0.61 per share. This represents a $2.44 annualized dividend and a yield of 2.65%. The ex-dividend date is Friday, March 28th. National HealthCare's dividend payout ratio is currently 37.31%.

National HealthCare Company 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.