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

Foundry Partners LLC cut its stake 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 disclosure 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 approximately 0.14% of National HealthCare worth $2,037,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Bessemer Group Inc. lifted its holdings in shares of 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 during the period. Sterling Capital Management LLC lifted its holdings in shares of 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 during the period. State of Wyoming bought a new position in shares of National HealthCare during the fourth quarter valued at $93,000. RWA Wealth Partners LLC lifted its holdings in shares of 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 during the period. Finally, ClearAlpha Technologies LP bought a new position in shares of National HealthCare during the fourth quarter valued at $236,000. 56.44% of the stock is owned by institutional investors.

National HealthCare Stock Down 1.3%

Shares of NYSE NHC opened at $97.44 on Friday. The stock has a market cap of $1.51 billion, a PE ratio of 12.21 and a beta of 0.55. The business has a fifty day moving average of $104.59 and a two-hundred day moving average of $98.90. National HealthCare Co. has a 52-week low of $89.14 and a 52-week high of $138.49. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.77 and a current ratio of 1.80.

National HealthCare Increases Dividend

The firm also recently declared 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 dividend yield of 2.63%. This is a boost from National HealthCare's previous quarterly dividend of $0.61. The ex-dividend date is Monday, June 30th. National HealthCare's payout ratio is currently 36.99%.

Analyst Ratings Changes

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

National HealthCare 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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