Deutsche Bank AG Boosts Stock Holdings in National HealthCare Co. (NYSE:NHC)

Deutsche Bank AG boosted its stake in shares of National HealthCare Co. (NYSE:NHC - Free Report) by 42.4% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 23,816 shares of the company's stock after acquiring an additional 7,088 shares during the period. Deutsche Bank AG owned 0.15% of National HealthCare worth $2,562,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Bessemer Group Inc. grew its stake in National HealthCare by 396.3% during the fourth quarter. Bessemer Group Inc. now owns 268 shares of the company's stock valued at $29,000 after acquiring an additional 214 shares in the last quarter. Sterling Capital Management LLC grew its stake in National HealthCare by 809.1% during the fourth quarter. Sterling Capital Management LLC now owns 400 shares of the company's stock valued at $43,000 after acquiring an additional 356 shares in the last quarter. Allworth Financial LP grew its stake in National HealthCare by 378.0% during the fourth 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 position in National HealthCare during the fourth quarter valued at $83,000. Finally, RWA Wealth Partners LLC grew its stake in National HealthCare by 16.7% during the fourth quarter. RWA Wealth Partners LLC now owns 2,100 shares of the company's stock valued at $226,000 after acquiring an additional 300 shares in the last quarter. 56.44% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, StockNews.com raised shares of National HealthCare from a "buy" rating to a "strong-buy" rating in a research note on Monday, May 12th.

National HealthCare Stock Performance

Shares of NYSE:NHC opened at $103.28 on Thursday. National HealthCare Co. has a 52 week low of $89.14 and a 52 week high of $138.49. The stock has a market capitalization of $1.60 billion, a P/E ratio of 12.94 and a beta of 0.51. The firm has a fifty day simple moving average of $95.17 and a two-hundred day simple moving average of $104.08. The company has a quick ratio of 1.77, a current ratio of 1.80 and a debt-to-equity ratio of 0.14.

National HealthCare Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 1st. Shareholders of record on Monday, June 30th will be paid a $0.64 dividend. This is a boost 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 2.48%. The ex-dividend date of this dividend is Monday, June 30th. National HealthCare's dividend payout ratio (DPR) is presently 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.

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