Ritholtz Wealth Management Decreases Stake in National HealthCare Co. (NYSE:NHC)

Ritholtz Wealth Management cut its holdings in National HealthCare Co. (NYSE:NHC) by 70.5% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,858 shares of the company’s stock after selling 6,843 shares during the quarter. Ritholtz Wealth Management’s holdings in National HealthCare were worth $265,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Bessemer Group Inc. boosted its stake in shares of National HealthCare by 396.3% in the fourth quarter. Bessemer Group Inc. now owns 268 shares of the company’s stock valued at $29,000 after buying an additional 214 shares in the last quarter. Sterling Capital Management LLC boosted its stake in shares of National HealthCare by 809.1% in the fourth quarter. Sterling Capital Management LLC now owns 400 shares of the company’s stock valued at $43,000 after buying an additional 356 shares in the last quarter. Allworth Financial LP boosted its stake in shares of National HealthCare by 378.0% in the fourth quarter. Allworth Financial LP now owns 564 shares of the company’s stock valued at $61,000 after buying an additional 446 shares in the last quarter. Global Retirement Partners LLC purchased a new stake in shares of National HealthCare in the fourth quarter valued at approximately $83,000. Finally, State of Wyoming purchased a new stake in shares of National HealthCare in the fourth quarter valued at approximately $93,000. 56.44% of the stock is currently owned by hedge funds and other institutional investors.

National HealthCare Stock Down 1.1%

NHC opened at $104.86 on Friday. The business’s fifty day moving average is $100.41 and its two-hundred day moving average is $100.64. 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 company has a market cap of $1.62 billion, a price-to-earnings ratio of 13.14 and a beta of 0.55. National HealthCare Co. has a one year low of $89.14 and a one year high of $138.49.

National HealthCare Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, August 1st. Shareholders of record on Monday, June 30th will be given a dividend of $0.64 per share. This represents a $2.56 dividend on an annualized basis and a yield of 2.44%. This is an increase from National HealthCare’s previous quarterly dividend of $0.61. The ex-dividend date of this dividend is Monday, June 30th. National HealthCare’s payout ratio is presently 36.99%.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen upgraded National HealthCare from a “buy” rating to a “strong-buy” rating in a research report on Monday, May 12th.

National HealthCare 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.