Vident Advisory LLC Sells 9,233 Shares of National HealthCare Co. (NYSE:NHC)

Vident Advisory LLC lessened its holdings in National HealthCare Co. (NYSE:NHC - Free Report) by 32.4% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 19,255 shares of the company's stock after selling 9,233 shares during the period. Vident Advisory LLC owned approximately 0.12% of National HealthCare worth $2,071,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the company. Northern Trust Corp increased its holdings in shares of National HealthCare by 4.8% during the fourth quarter. Northern Trust Corp now owns 193,792 shares of the company's stock worth $20,844,000 after buying an additional 8,795 shares in the last quarter. Invesco Ltd. increased its holdings in shares of National HealthCare by 2.8% during the fourth quarter. Invesco Ltd. now owns 164,911 shares of the company's stock worth $17,738,000 after buying an additional 4,435 shares in the last quarter. Systematic Financial Management LP increased its holdings in shares of National HealthCare by 3.5% during the fourth quarter. Systematic Financial Management LP now owns 117,884 shares of the company's stock worth $12,680,000 after buying an additional 3,962 shares in the last quarter. Principal Financial Group Inc. increased its holdings in shares of National HealthCare by 3.5% during the fourth quarter. Principal Financial Group Inc. now owns 63,739 shares of the company's stock worth $6,856,000 after buying an additional 2,140 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its holdings in shares of National HealthCare by 46.6% during the fourth quarter. JPMorgan Chase & Co. now owns 63,145 shares of the company's stock worth $6,792,000 after buying an additional 20,072 shares in the last quarter. Institutional investors and hedge funds own 56.44% of the company's stock.

National HealthCare Price Performance

Shares of NYSE NHC traded up $1.58 during mid-day trading on Tuesday, hitting $103.91. 5,838 shares of the stock were exchanged, compared to its average volume of 56,001. The company has a market cap of $1.61 billion, a P/E ratio of 13.02 and a beta of 0.51. The stock's fifty day simple moving average is $95.69 and its two-hundred day simple moving average is $103.25. 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 twelve month low of $89.14 and a twelve month high of $138.49.

National HealthCare Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, August 1st. Stockholders of record on Monday, June 30th will be paid a dividend of $0.64 per share. This is a boost from National HealthCare's previous quarterly dividend of $0.61. This represents a $2.56 annualized dividend and a dividend yield of 2.46%. The ex-dividend date of this dividend is Monday, June 30th. National HealthCare's dividend payout ratio is 36.99%.

Analyst Ratings Changes

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

About National HealthCare

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.