National HealthCare Co. (NYSE:NHC) Shares Bought by Bank of Montreal Can

Bank of Montreal Can grew its position in National HealthCare Co. (NYSE:NHC) by 48.7% in the fourth quarter, Holdings Channel.com reports. The fund owned 5,684 shares of the company’s stock after buying an additional 1,861 shares during the period. Bank of Montreal Can’s holdings in National HealthCare were worth $611,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Allworth Financial LP increased its stake in National HealthCare by 378.0% during 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 last quarter. Global Retirement Partners LLC bought a new stake in shares of National HealthCare during the 4th quarter valued at about $83,000. RWA Wealth Partners LLC raised its stake in National HealthCare by 16.7% during the fourth quarter. RWA Wealth Partners LLC now owns 2,100 shares of the company’s stock worth $226,000 after acquiring an additional 300 shares during the period. Inspire Investing LLC lifted its holdings in National HealthCare by 10.5% in the fourth quarter. Inspire Investing LLC now owns 4,092 shares of the company’s stock worth $440,000 after acquiring an additional 390 shares during the last quarter. Finally, Semanteon Capital Management LP acquired a new position in National HealthCare in the fourth quarter valued at approximately $564,000. 56.44% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, StockNews.com cut National HealthCare from a “strong-buy” rating to a “buy” rating in a research report on Monday, March 3rd.

National HealthCare Stock Performance

Shares of NHC opened at $92.13 on Monday. The firm has a fifty day moving average of $93.77 and a 200-day moving average of $107.35. The company has a market cap of $1.42 billion, a price-to-earnings ratio of 11.55 and a beta of 0.42. 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 1 year low of $87.62 and a 1 year high of $138.49.

National HealthCare Announces Dividend

The firm 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 dividend of $0.61 per share. The ex-dividend date of this dividend is Friday, March 28th. This represents a $2.44 dividend on an annualized basis and a dividend yield of 2.65%. National HealthCare’s dividend payout ratio (DPR) is presently 37.31%.

National HealthCare Company 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.