National HealthCare Co. (NYSEAMERICAN:NHC) Shares Sold by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC reduced its holdings in shares of National HealthCare Co. (NYSEAMERICAN:NHC) by 9.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,197 shares of the company’s stock after selling 1,692 shares during the period. Allspring Global Investments Holdings LLC owned approximately 0.11% of National HealthCare worth $1,497,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. International Assets Investment Management LLC raised its holdings in shares of National HealthCare by 9,150.0% in the fourth quarter. International Assets Investment Management LLC now owns 370 shares of the company’s stock worth $34,000 after buying an additional 366 shares during the last quarter. Blue Trust Inc. acquired a new stake in National HealthCare during the 4th quarter worth about $46,000. RFG Advisory LLC purchased a new stake in National HealthCare during the 4th quarter valued at about $255,000. New York State Teachers Retirement System acquired a new position in shares of National HealthCare in the fourth quarter valued at about $277,000. Finally, WINTON GROUP Ltd raised its stake in shares of National HealthCare by 36.6% in the third quarter. WINTON GROUP Ltd now owns 4,595 shares of the company’s stock worth $294,000 after purchasing an additional 1,232 shares during the last quarter. 56.44% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, StockNews.com upgraded National HealthCare from a “buy” rating to a “strong-buy” rating in a research report on Friday, February 9th.

National HealthCare Price Performance

Shares of National HealthCare stock opened at $89.99 on Tuesday. The firm has a market cap of $1.39 billion, a P/E ratio of 20.78 and a beta of 0.36. National HealthCare Co. has a 1 year low of $55.50 and a 1 year high of $101.81.

National HealthCare (NYSEAMERICAN:NHC) last released its quarterly earnings data on Friday, February 16th. The company reported $0.98 earnings per share for the quarter. The business had revenue of $300.91 million during the quarter. National HealthCare had a return on equity of 6.03% and a net margin of 5.85%.

National HealthCare Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, May 1st. Shareholders of record on Friday, March 29th will be issued a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a yield of 2.62%. The ex-dividend date of this dividend is Wednesday, March 27th. National HealthCare’s payout ratio is presently 54.50%.

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.