Robeco Institutional Asset Management B.V. Has $694,000 Position in National HealthCare Co. (NYSE:NHC)

Robeco Institutional Asset Management B.V. reduced its position in shares of National HealthCare Co. (NYSE:NHC - Free Report) by 64.2% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 7,476 shares of the company's stock after selling 13,423 shares during the quarter. Robeco Institutional Asset Management B.V.'s holdings in National HealthCare were worth $694,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Teacher Retirement System of Texas raised its holdings in shares of National HealthCare by 7.6% during the fourth quarter. Teacher Retirement System of Texas now owns 13,389 shares of the company's stock worth $1,440,000 after acquiring an additional 946 shares in the last quarter. Semanteon Capital Management LP purchased a new stake in shares of National HealthCare during the fourth quarter worth $564,000. Summit Global Investments raised its holdings in shares of National HealthCare by 65.5% during the fourth quarter. Summit Global Investments now owns 10,631 shares of the company's stock worth $1,143,000 after acquiring an additional 4,208 shares in the last quarter. American Century Companies Inc. raised its holdings in shares of National HealthCare by 10.6% during the fourth quarter. American Century Companies Inc. now owns 32,141 shares of the company's stock worth $3,457,000 after acquiring an additional 3,084 shares in the last quarter. Finally, Sei Investments Co. raised its holdings in shares of National HealthCare by 3.7% during the fourth quarter. Sei Investments Co. now owns 9,618 shares of the company's stock worth $1,035,000 after acquiring an additional 340 shares in the last quarter. 56.44% of the stock is owned by institutional investors and hedge funds.

National HealthCare Stock Down 0.3%

Shares of NYSE:NHC traded down $0.32 during midday trading on Friday, hitting $108.44. 49,044 shares of the stock were exchanged, compared to its average volume of 59,879. 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 Co. has a 52-week low of $89.14 and a 52-week high of $138.49. The business's fifty day simple moving average is $103.46 and its two-hundred day simple moving average is $99.52. The company has a market capitalization of $1.68 billion, a PE ratio of 13.59 and a beta of 0.55.

National HealthCare Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, August 1st. Shareholders of record on Monday, June 30th will be issued a dividend of $0.64 per share. This is a positive change from National HealthCare's previous quarterly dividend of $0.61. This represents a $2.56 annualized dividend and a yield of 2.36%. The ex-dividend date is Monday, June 30th. National HealthCare's dividend payout ratio (DPR) is 36.99%.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen upgraded 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.