National HealthCare Co. (NYSE:NHC) Shares Sold by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC reduced its stake in National HealthCare Co. (NYSE:NHC) by 10.8% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 3,389 shares of the company’s stock after selling 409 shares during the period. Nisa Investment Advisors LLC’s holdings in National HealthCare were worth $317,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently made changes to their positions in the company. SG Americas Securities LLC acquired a new stake in shares of National HealthCare in the 1st quarter worth approximately $655,000. Deutsche Bank AG lifted its stake in shares of National HealthCare by 42.4% in the 4th quarter. Deutsche Bank AG now owns 23,816 shares of the company’s stock worth $2,562,000 after acquiring an additional 7,088 shares during the period. American Century Companies Inc. lifted its stake in shares of National HealthCare by 10.6% in the 4th quarter. American Century Companies Inc. now owns 32,141 shares of the company’s stock worth $3,457,000 after acquiring an additional 3,084 shares during the period. Bank of Montreal Can lifted its stake in shares of National HealthCare by 48.7% in the 4th quarter. Bank of Montreal Can now owns 5,684 shares of the company’s stock worth $611,000 after acquiring an additional 1,861 shares during the period. Finally, Invesco Ltd. lifted its stake in shares of National HealthCare by 2.8% in the 4th quarter. Invesco Ltd. now owns 164,911 shares of the company’s stock worth $17,738,000 after acquiring an additional 4,435 shares during the period. 56.44% of the stock is owned by institutional investors and hedge funds.

National HealthCare Stock Up 0.9%

NYSE NHC opened at $98.22 on Thursday. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.80 and a quick ratio of 1.77. The company’s 50 day simple moving average is $104.57 and its 200 day simple moving average is $99.09. National HealthCare Co. has a 12 month low of $89.14 and a 12 month high of $138.49. The company has a market capitalization of $1.52 billion, a P/E ratio of 12.31 and a beta of 0.55.

National HealthCare Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 1st. Investors of record on Monday, June 30th will be issued a $0.64 dividend. This is an increase from National HealthCare’s previous quarterly dividend of $0.61. This represents a $2.56 dividend on an annualized basis and a dividend yield of 2.61%. The ex-dividend date is Monday, June 30th. National HealthCare’s payout ratio is presently 36.99%.

Analyst Upgrades and Downgrades

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

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.