Ameriprise Financial Inc. Has $2.93 Million Stock Holdings in National HealthCare Co. (NYSE:NHC)

Ameriprise Financial Inc. decreased its stake in National HealthCare Co. (NYSE:NHC - Free Report) by 8.9% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 27,214 shares of the company's stock after selling 2,672 shares during the quarter. Ameriprise Financial Inc. owned approximately 0.18% of National HealthCare worth $2,927,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Bessemer Group Inc. boosted its stake in National HealthCare by 396.3% in the 4th quarter. Bessemer Group Inc. now owns 268 shares of the company's stock valued at $29,000 after buying an additional 214 shares in the last quarter. Sterling Capital Management LLC boosted its stake in National HealthCare by 809.1% in the fourth quarter. Sterling Capital Management LLC now owns 400 shares of the company's stock worth $43,000 after purchasing an additional 356 shares in the last quarter. Allworth Financial LP boosted its stake in National HealthCare by 378.0% in the fourth quarter. Allworth Financial LP now owns 564 shares of the company's stock worth $61,000 after purchasing an additional 446 shares in the last quarter. Global Retirement Partners LLC acquired a new position in National HealthCare in the fourth quarter worth $83,000. Finally, RWA Wealth Partners LLC boosted its stake in National HealthCare by 16.7% in the fourth quarter. RWA Wealth Partners LLC now owns 2,100 shares of the company's stock worth $226,000 after purchasing an additional 300 shares in the last quarter. Institutional investors and hedge funds own 56.44% of the company's stock.

Analysts Set New Price Targets

Separately, Wall Street Zen raised National HealthCare from a "buy" rating to a "strong-buy" rating in a research note on Monday, May 12th.

National HealthCare Trading Down 0.5%

Shares of NHC traded down $0.56 during trading hours on Monday, hitting $103.58. 38,742 shares of the stock traded hands, compared to its average volume of 55,304. 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 Co. has a 1-year low of $89.14 and a 1-year high of $138.49. The firm has a market capitalization of $1.60 billion, a PE ratio of 12.98 and a beta of 0.51. The business has a fifty day moving average of $96.99 and a 200-day moving average of $102.35.

National HealthCare Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 1st. Investors of record on Monday, June 30th will be issued a $0.64 dividend. This represents a $2.56 dividend on an annualized basis and a yield of 2.47%. The ex-dividend date is Monday, June 30th. This is an increase from National HealthCare's previous quarterly dividend of $0.61. National HealthCare's dividend payout ratio is currently 36.99%.

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.