Allspring Global Investments Holdings LLC Cuts Position in National HealthCare Co. (NYSE:NHC)

Allspring Global Investments Holdings LLC cut its stake in National HealthCare Co. (NYSE:NHC - Free Report) by 50.1% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 32,183 shares of the company's stock after selling 32,257 shares during the period. Allspring Global Investments Holdings LLC owned 0.21% of National HealthCare worth $3,011,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently bought and sold shares of NHC. SG Americas Securities LLC purchased a new stake in shares of National HealthCare during the first quarter valued at $655,000. Deutsche Bank AG lifted its position in National HealthCare by 42.4% during the 4th quarter. Deutsche Bank AG now owns 23,816 shares of the company's stock worth $2,562,000 after acquiring an additional 7,088 shares during the period. American Century Companies Inc. grew its stake in National HealthCare by 10.6% during the 4th quarter. American Century Companies Inc. now owns 32,141 shares of the company's stock valued at $3,457,000 after purchasing an additional 3,084 shares during the last quarter. Bank of Montreal Can increased its holdings in shares of National HealthCare by 48.7% in the fourth quarter. Bank of Montreal Can now owns 5,684 shares of the company's stock valued at $611,000 after purchasing an additional 1,861 shares during the period. Finally, Invesco Ltd. raised its stake in shares of National HealthCare by 2.8% in the fourth quarter. Invesco Ltd. now owns 164,911 shares of the company's stock worth $17,738,000 after purchasing an additional 4,435 shares during the last quarter. Hedge funds and other institutional investors own 56.44% of the company's stock.

Wall Street Analyst Weigh In

Separately, Wall Street Zen upgraded shares of National HealthCare from a "buy" rating to a "strong-buy" rating in a report on Monday, May 12th.

National HealthCare Price Performance

NHC traded down $4.21 during trading on Monday, hitting $104.23. The company's stock had a trading volume of 62,996 shares, compared to its average volume of 59,903. The firm has a market capitalization of $1.61 billion, a price-to-earnings ratio of 13.06 and a beta of 0.55. National HealthCare Co. has a twelve month low of $89.14 and a twelve month high of $138.49. The business's fifty day simple moving average is $103.46 and its 200 day simple moving average is $99.42. The company has a current ratio of 1.80, a quick ratio of 1.77 and a debt-to-equity ratio of 0.14.

National HealthCare Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, August 1st. Stockholders of record on Monday, June 30th will be given a $0.64 dividend. The ex-dividend date is Monday, June 30th. This is a positive change from National HealthCare's previous quarterly dividend of $0.61. This represents a $2.56 dividend on an annualized basis and a dividend yield of 2.46%. National HealthCare's dividend payout ratio is 36.99%.

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.