Vanguard Group Inc. Decreases Stake in National HealthCare Co. $NHC

Key Points

• Vanguard Group Inc. has reduced its stake in National HealthCare Co. by 7.8%, selling 120,665 shares and now owns approximately 9.19% of the company, valued at $131.8 million.
• In contrast, GAMMA Investing LLC drastically increased its holdings by 10,510.2%, acquiring over 30,795 shares to reach a total of 31,088 shares valued at approximately $2.89 million.
• National HealthCare also announced a quarterly dividend of $0.64 per share, with a yield of 2.3%, to be paid on October 31st.

Vanguard Group Inc. lowered its stake in shares of National HealthCare Co. (NYSE:NHC - Free Report) by 7.8% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,420,348 shares of the company's stock after selling 120,665 shares during the quarter. Vanguard Group Inc. owned approximately 9.19% of National HealthCare worth $131,808,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of NHC. Sterling Capital Management LLC lifted its holdings in National HealthCare by 809.1% during the 4th quarter. Sterling Capital Management LLC now owns 400 shares of the company's stock worth $43,000 after purchasing an additional 356 shares during the last quarter. State of Wyoming bought a new position in shares of National HealthCare during the fourth quarter valued at about $93,000. Hohimer Wealth Management LLC boosted its position in National HealthCare by 6.9% during the 1st quarter. Hohimer Wealth Management LLC now owns 2,479 shares of the company's stock valued at $230,000 after acquiring an additional 160 shares in the last quarter. XTX Topco Ltd purchased a new stake in National HealthCare during the 4th quarter valued at $286,000. Finally, NewEdge Advisors LLC increased its stake in National HealthCare by 13.9% in the 4th quarter. NewEdge Advisors LLC now owns 3,370 shares of the company's stock worth $362,000 after buying an additional 411 shares in the last quarter. 56.44% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

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

National HealthCare Price Performance

Shares of NYSE:NHC traded up $0.31 during trading hours on Tuesday, hitting $112.29. 6,426 shares of the company's stock traded hands, compared to its average volume of 58,393. The company has a market cap of $1.74 billion, a price-to-earnings ratio of 14.07 and a beta of 0.58. 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 $137.53. The company's fifty day simple moving average is $103.06 and its two-hundred day simple moving average is $99.20.

National HealthCare Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, October 31st. Investors of record on Tuesday, September 30th will be paid a $0.64 dividend. This represents a $2.56 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date of this dividend is Tuesday, September 30th. National HealthCare's payout ratio is 38.15%.

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.