National HealthCare Co. (NYSE:NHC) Shares Sold by Ritholtz Wealth Management

Ritholtz Wealth Management reduced its position in shares of National HealthCare Co. (NYSE:NHC - Free Report) by 70.5% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,858 shares of the company's stock after selling 6,843 shares during the period. Ritholtz Wealth Management's holdings in National HealthCare were worth $265,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also modified their holdings of NHC. Allworth Financial LP increased its stake in National HealthCare by 378.0% during the 4th quarter. Allworth Financial LP now owns 564 shares of the company's stock worth $61,000 after buying an additional 446 shares during the period. Principal Financial Group Inc. grew its stake in shares of National HealthCare by 3.5% in the fourth quarter. Principal Financial Group Inc. now owns 63,739 shares of the company's stock worth $6,856,000 after acquiring an additional 2,140 shares in the last quarter. Global Retirement Partners LLC purchased a new stake in shares of National HealthCare during the fourth quarter worth $83,000. Navellier & Associates Inc. raised its stake in shares of National HealthCare by 67.1% in the fourth quarter. Navellier & Associates Inc. now owns 7,153 shares of the company's stock valued at $769,000 after acquiring an additional 2,873 shares in the last quarter. Finally, Pinnacle Financial Partners Inc raised its stake in shares of National HealthCare by 0.9% in the fourth quarter. Pinnacle Financial Partners Inc now owns 15,597 shares of the company's stock valued at $1,678,000 after acquiring an additional 145 shares in the last quarter. 56.44% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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 Stock Up 1.3%

Shares of NHC stock traded up $1.36 during trading hours on Tuesday, reaching $107.79. 74,020 shares of the stock were exchanged, compared to its average volume of 58,951. The business's fifty day moving average is $100.69 and its two-hundred day moving average is $100.17. The firm has a market capitalization of $1.67 billion, a P/E ratio of 13.51 and a beta of 0.55. National HealthCare Co. has a 12-month low of $89.14 and a 12-month high of $138.49. 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 Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 1st. Stockholders 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 2.37%. This is a positive change from National HealthCare's previous quarterly dividend of $0.61. The ex-dividend date of this dividend is Monday, June 30th. National HealthCare's dividend payout ratio (DPR) is presently 36.99%.

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.