National HealthCare Co. (NYSE:NHC) Shares Acquired by Allworth Financial LP

Allworth Financial LP increased its position in National HealthCare Co. (NYSE:NHC) by 378.0% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 564 shares of the company’s stock after purchasing an additional 446 shares during the quarter. Allworth Financial LP’s holdings in National HealthCare were worth $61,000 as of its most recent filing with the Securities and Exchange Commission.

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

National HealthCare Stock Performance

Shares of National HealthCare stock opened at $90.62 on Tuesday. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.77 and a current ratio of 1.80. The firm has a market cap of $1.40 billion, a PE ratio of 11.36 and a beta of 0.45. National HealthCare Co. has a 1 year low of $87.03 and a 1 year high of $138.49. The firm’s 50-day simple moving average is $102.63 and its 200-day simple moving average is $117.31.

National HealthCare Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, April 25th. Stockholders of record on Friday, March 28th will be issued a $0.61 dividend. The ex-dividend date is Friday, March 28th. This represents a $2.44 dividend on an annualized basis and a dividend yield of 2.69%. National HealthCare’s dividend payout ratio (DPR) is 30.58%.

Insider Buying and Selling

In other National HealthCare news, insider Health Corp National sold 28,147 shares of National HealthCare stock in a transaction that occurred on Friday, December 20th. The stock was sold at an average price of $113.71, for a total value of $3,200,595.37. Following the completion of the transaction, the insider now directly owns 1,056,616 shares in the company, valued at $120,147,805.36. The trade was a 2.59 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, VP Timothy J. Shelly sold 614 shares of the firm’s stock in a transaction that occurred on Friday, December 13th. The stock was sold at an average price of $121.44, for a total value of $74,564.16. The disclosure for this sale can be found here. 13.75% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

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

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.