Russell Investments Group Ltd. Has $1.24 Million Stock Holdings in National HealthCare Co. (NYSEAMERICAN:NHC)

Russell Investments Group Ltd. trimmed its position in National HealthCare Co. (NYSEAMERICAN:NHC – Get Rating) by 34.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 20,703 shares of the company’s stock after selling 10,845 shares during the period. Russell Investments Group Ltd. owned approximately 0.13% of National HealthCare worth $1,239,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the company. Invesco Ltd. increased its stake in National HealthCare by 1,224.5% during the 1st quarter. Invesco Ltd. now owns 296,852 shares of the company’s stock worth $20,848,000 after purchasing an additional 274,439 shares in the last quarter. Legato Capital Management LLC bought a new stake in National HealthCare during the 4th quarter worth approximately $1,549,000. Dimensional Fund Advisors LP increased its stake in National HealthCare by 3.1% during the 3rd quarter. Dimensional Fund Advisors LP now owns 820,653 shares of the company’s stock worth $51,983,000 after purchasing an additional 25,003 shares in the last quarter. Vanguard Group Inc. increased its stake in National HealthCare by 1.6% during the 3rd quarter. Vanguard Group Inc. now owns 1,410,165 shares of the company’s stock worth $89,320,000 after purchasing an additional 22,445 shares in the last quarter. Finally, Systematic Financial Management LP increased its stake in National HealthCare by 19.0% during the 3rd quarter. Systematic Financial Management LP now owns 108,900 shares of the company’s stock worth $6,898,000 after purchasing an additional 17,400 shares in the last quarter. 45.20% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at National HealthCare

In other National HealthCare news, Director Ernest G. Burgess III purchased 2,300 shares of the business’s stock in a transaction on Monday, May 15th. The stock was acquired at an average price of $58.85 per share, with a total value of $135,355.00. Following the acquisition, the director now directly owns 83,000 shares of the company’s stock, valued at approximately $4,884,550. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 13.90% of the stock is owned by company insiders.

National HealthCare Stock Down 2.3 %

Shares of NHC opened at $58.57 on Thursday. The company has a market cap of $899.05 million, a PE ratio of 48.01 and a beta of 0.29. National HealthCare Co. has a twelve month low of $51.56 and a twelve month high of $72.22. The business’s 50 day simple moving average is $57.35.

National HealthCare Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, July 31st. Investors of record on Friday, June 30th will be paid a $0.59 dividend. The ex-dividend date of this dividend is Thursday, June 29th. This is a boost from National HealthCare’s previous quarterly dividend of $0.57. This represents a $2.36 annualized dividend and a dividend yield of 4.03%. National HealthCare’s dividend payout ratio (DPR) is currently 186.89%.

Analysts Set New Price Targets

Separately, StockNews.com raised shares of National HealthCare from a “hold” rating to a “buy” rating in a research note on Monday, May 8th.

National HealthCare Company Profile

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National HealthCare Corp. engages in the provision of nursing facilities, assisted living facilities, independent living facilities and homecare programs. It provides sub and post-acute nursing care, intermediate nursing care, rehabilitative care, senior living services and home health care services.