National HealthCare Co. (NYSE:NHC) Shares Sold by Millennium Management LLC

Millennium Management LLC lowered its stake in National HealthCare Co. (NYSE:NHC - Free Report) by 44.2% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 13,141 shares of the company's stock after selling 10,389 shares during the period. Millennium Management LLC owned 0.09% of National HealthCare worth $1,413,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of NHC. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of National HealthCare by 2.3% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 8,966 shares of the company's stock valued at $964,000 after buying an additional 202 shares during the last quarter. Deutsche Bank AG grew its position in shares of National HealthCare by 42.4% during the 4th quarter. Deutsche Bank AG now owns 23,816 shares of the company's stock valued at $2,562,000 after buying an additional 7,088 shares during the last quarter. Northern Trust Corp grew its position in shares of National HealthCare by 4.8% during the 4th quarter. Northern Trust Corp now owns 193,792 shares of the company's stock valued at $20,844,000 after buying an additional 8,795 shares during the last quarter. Tudor Investment Corp ET AL grew its position in shares of National HealthCare by 486.2% during the 4th quarter. Tudor Investment Corp ET AL now owns 11,179 shares of the company's stock valued at $1,202,000 after buying an additional 9,272 shares during the last quarter. Finally, Susquehanna Fundamental Investments LLC bought a new stake in shares of National HealthCare during the 4th quarter valued at about $406,000. Institutional investors own 56.44% of the company's stock.

National HealthCare Stock Performance

Shares of NYSE:NHC traded up $0.66 during trading on Friday, reaching $106.10. 33,115 shares of the company's stock traded hands, compared to its average volume of 54,334. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.80 and a quick ratio of 1.77. National HealthCare Co. has a 12 month low of $89.14 and a 12 month high of $138.49. The company has a 50 day moving average of $97.96 and a 200-day moving average of $102.12. The stock has a market capitalization of $1.64 billion, a P/E ratio of 13.30 and a beta of 0.55.

National HealthCare Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, August 1st. Shareholders of record on Monday, June 30th will be paid a dividend of $0.64 per share. This represents a $2.56 dividend on an annualized basis and a yield of 2.41%. This is a positive change 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 Analysts Forecast Growth

Separately, Wall Street Zen raised shares of National HealthCare from a "buy" rating to a "strong-buy" rating in a research 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.