National HealthCare Co. (NYSE:NHC) Shares Sold by Nebula Research & Development LLC

Nebula Research & Development LLC decreased its holdings in National HealthCare Co. (NYSE:NHC - Free Report) by 54.1% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 3,422 shares of the company's stock after selling 4,036 shares during the quarter. Nebula Research & Development LLC's holdings in National HealthCare were worth $368,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Bessemer Group Inc. raised its holdings in National HealthCare by 396.3% in the 4th quarter. Bessemer Group Inc. now owns 268 shares of the company's stock valued at $29,000 after buying an additional 214 shares during the period. Sterling Capital Management LLC increased its holdings in National HealthCare by 809.1% in the 4th quarter. Sterling Capital Management LLC now owns 400 shares of the company's stock valued at $43,000 after purchasing an additional 356 shares during the last quarter. Allworth Financial LP raised its position in National HealthCare by 378.0% in the fourth quarter. Allworth Financial LP now owns 564 shares of the company's stock valued at $61,000 after purchasing an additional 446 shares during the period. Global Retirement Partners LLC acquired a new position in National HealthCare during the fourth quarter worth $83,000. Finally, RWA Wealth Partners LLC grew its stake in shares of National HealthCare by 16.7% in the fourth quarter. RWA Wealth Partners LLC now owns 2,100 shares of the company's stock valued at $226,000 after buying an additional 300 shares in the last quarter. Hedge funds and other institutional investors own 56.44% of the company's stock.

Wall Street Analyst Weigh In

Separately, StockNews.com downgraded shares of National HealthCare from a "strong-buy" rating to a "buy" rating in a research note on Monday, March 3rd.

National HealthCare Stock Up 1.9 %

NYSE:NHC traded up $1.81 during midday trading on Friday, hitting $96.18. 25,783 shares of the company were exchanged, compared to its average volume of 58,737. The company has a fifty day simple moving average of $92.91 and a 200 day simple moving average of $105.57. The company has a market capitalization of $1.49 billion, a PE ratio of 12.05 and a beta of 0.42. National HealthCare Co. has a fifty-two week low of $89.14 and a fifty-two week high of $138.49. The company has a current ratio of 1.80, a quick ratio of 1.77 and a debt-to-equity ratio of 0.14.

National HealthCare Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, April 25th. Stockholders of record on Friday, March 28th were paid a dividend of $0.61 per share. The ex-dividend date of this dividend was Friday, March 28th. This represents a $2.44 annualized dividend and a dividend yield of 2.54%. National HealthCare's dividend payout ratio (DPR) is 37.31%.

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.