Vanguard Group Inc. Has $165.75 Million Holdings in National HealthCare Co. (NYSE:NHC)

Vanguard Group Inc. trimmed its stake in shares of National HealthCare Co. (NYSE:NHC) by 0.1% during the fourth quarter, Holdings Channel.com reports. The firm owned 1,541,013 shares of the company’s stock after selling 1,360 shares during the period. Vanguard Group Inc. owned 0.10% of National HealthCare worth $165,751,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. The Manufacturers Life Insurance Company lifted its holdings in National HealthCare by 7.4% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 7,211 shares of the company’s stock worth $907,000 after buying an additional 497 shares in the last quarter. BNP Paribas Financial Markets raised its position in shares of National HealthCare by 154.6% during the third quarter. BNP Paribas Financial Markets now owns 2,813 shares of the company’s stock worth $354,000 after acquiring an additional 1,708 shares during the last quarter. Captrust Financial Advisors acquired a new position in shares of National HealthCare during the third quarter valued at $233,000. Jane Street Group LLC increased its position in National HealthCare by 213.3% in the third quarter. Jane Street Group LLC now owns 28,887 shares of the company’s stock worth $3,633,000 after purchasing an additional 19,667 shares during the period. Finally, Barclays PLC increased its position in National HealthCare by 345.6% in the third quarter. Barclays PLC now owns 21,063 shares of the company’s stock worth $2,649,000 after purchasing an additional 16,336 shares during the period. 56.44% of the stock is owned by institutional investors.

National HealthCare Price Performance

Shares of NHC stock opened at $92.89 on Monday. The firm’s 50 day moving average price is $95.91 and its two-hundred day moving average price is $110.04. The stock has a market cap of $1.44 billion, a PE ratio of 11.64 and a beta of 0.42. National HealthCare Co. has a 52-week low of $87.03 and a 52-week high of $138.49. 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 Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 25th. Investors of record on Friday, March 28th will be paid a dividend of $0.61 per share. The ex-dividend date is Friday, March 28th. This represents a $2.44 dividend on an annualized basis and a dividend yield of 2.63%. National HealthCare’s dividend payout ratio (DPR) is presently 37.31%.

Wall Street Analysts Forecast Growth

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

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.