Blue Trust Inc. Sells 4,384 Shares of National HealthCare Co. (NYSE:NHC)

Blue Trust Inc. lessened its stake in shares of National HealthCare Co. (NYSE:NHC) by 88.4% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 573 shares of the company’s stock after selling 4,384 shares during the period. Blue Trust Inc.’s holdings in National HealthCare were worth $62,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently made changes to their positions in NHC. Ballentine Partners LLC bought a new position in National HealthCare during the third quarter valued at approximately $223,000. Meridian Wealth Management LLC purchased a new stake in shares of National HealthCare during the 3rd quarter worth approximately $229,000. Captrust Financial Advisors bought a new position in shares of National HealthCare during the 3rd quarter valued at approximately $233,000. Hohimer Wealth Management LLC purchased a new position in shares of National HealthCare in the third quarter valued at $274,000. Finally, Dynamic Technology Lab Private Ltd bought a new stake in National HealthCare in the third quarter worth $329,000. Hedge funds and other institutional investors own 56.44% of the company’s stock.

National HealthCare Trading Down 3.3 %

NHC opened at $90.62 on Tuesday. National HealthCare Co. has a 12 month low of $87.03 and a 12 month 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. The stock has a 50-day moving average of $102.63 and a 200 day moving average of $117.31. The firm has a market cap of $1.40 billion, a P/E ratio of 11.36 and a beta of 0.45.

National HealthCare Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, April 25th. Stockholders of record on Friday, March 28th will be given a dividend of $0.61 per share. This represents a $2.44 annualized dividend and a dividend yield of 2.69%. The ex-dividend date of this dividend is Friday, March 28th. National HealthCare’s dividend payout ratio is currently 30.58%.

Insider Activity at National HealthCare

In related news, VP Timothy J. Shelly sold 614 shares of the stock in a transaction dated Friday, December 13th. The shares were sold at an average price of $121.44, for a total value of $74,564.16. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Health Corp National sold 28,147 shares of the business’s stock in a transaction that occurred on Friday, December 20th. The shares were sold at an average price of $113.71, for a total value of $3,200,595.37. Following the transaction, the insider now owns 1,056,616 shares of the company’s stock, valued at $120,147,805.36. This trade represents a 2.59 % decrease in their position. The disclosure for this sale can be found here. 13.75% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Separately, StockNews.com upgraded shares of National HealthCare from a “buy” rating to a “strong-buy” rating in a research report on Saturday, November 16th.

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.