Foundry Partners LLC Sells 24,015 Shares of National HealthCare Co. (NYSE:NHC)

Foundry Partners LLC lowered its position in shares of National HealthCare Co. (NYSE:NHC - Free Report) by 52.2% in the first quarter, according to the company in its most recent filing with the SEC. The firm owned 21,955 shares of the company's stock after selling 24,015 shares during the quarter. Foundry Partners LLC owned about 0.14% of National HealthCare worth $2,037,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Bessemer Group Inc. boosted its stake in shares of National HealthCare by 396.3% during the fourth quarter. Bessemer Group Inc. now owns 268 shares of the company's stock worth $29,000 after buying an additional 214 shares during the period. Sterling Capital Management LLC lifted its holdings in shares of National HealthCare by 809.1% during the 4th 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. State of Wyoming acquired a new position in National HealthCare in the 4th quarter worth $93,000. RWA Wealth Partners LLC increased its position in shares of National HealthCare by 16.7% in the 4th quarter. RWA Wealth Partners LLC now owns 2,100 shares of the company's stock worth $226,000 after purchasing an additional 300 shares during the last quarter. Finally, ClearAlpha Technologies LP bought a new stake in shares of National HealthCare during the 4th quarter valued at about $236,000. Hedge funds and other institutional investors own 56.44% of the company's stock.

National HealthCare Stock Performance

Shares of NYSE NHC traded down $1.66 during trading hours on Wednesday, hitting $94.55. 40,893 shares of the stock were exchanged, compared to its average volume of 60,460. National HealthCare Co. has a one year low of $89.14 and a one year high of $138.49. The firm has a market capitalization of $1.46 billion, a P/E ratio of 11.85 and a beta of 0.55. 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 is $104.31 and its 200 day moving average is $98.76.

National HealthCare Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, August 1st. Investors of record on Monday, June 30th will be issued a dividend of $0.64 per share. This represents a $2.56 dividend on an annualized basis and a yield of 2.71%. This is an increase from National HealthCare's previous quarterly dividend of $0.61. The ex-dividend date is Monday, June 30th. National HealthCare's payout ratio is presently 36.99%.

Wall Street Analyst Weigh In

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

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.