Deutsche Bank AG Has $2.12 Million Stock Holdings in National HealthCare Co. $NHC

Deutsche Bank AG lowered its holdings in shares of National HealthCare Co. (NYSE:NHC) by 4.2% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 22,810 shares of the company’s stock after selling 1,006 shares during the quarter. Deutsche Bank AG owned about 0.15% of National HealthCare worth $2,117,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of NHC. SG Americas Securities LLC bought a new position in National HealthCare in the 1st quarter worth $655,000. Cerity Partners LLC raised its holdings in National HealthCare by 28.8% in the 1st quarter. Cerity Partners LLC now owns 22,879 shares of the company’s stock worth $2,123,000 after acquiring an additional 5,115 shares during the period. Principal Financial Group Inc. raised its holdings in National HealthCare by 2.6% in the 1st quarter. Principal Financial Group Inc. now owns 65,410 shares of the company’s stock worth $6,070,000 after acquiring an additional 1,671 shares during the period. Northern Trust Corp raised its holdings in National HealthCare by 4.8% in the 4th quarter. Northern Trust Corp now owns 193,792 shares of the company’s stock worth $20,844,000 after acquiring an additional 8,795 shares during the period. Finally, GAMMA Investing LLC raised its holdings in National HealthCare by 10,510.2% in the 1st quarter. GAMMA Investing LLC now owns 31,088 shares of the company’s stock worth $2,885,000 after acquiring an additional 30,795 shares during the period. Institutional investors own 56.44% of the company’s stock.

Analyst Ratings Changes

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

National HealthCare Price Performance

Shares of National HealthCare stock opened at $109.88 on Thursday. 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 firm’s 50-day simple moving average is $102.52 and its 200-day simple moving average is $98.99. National HealthCare Co. has a twelve month low of $89.14 and a twelve month high of $137.53. The firm has a market cap of $1.70 billion, a P/E ratio of 13.77 and a beta of 0.58.

National HealthCare Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, October 31st. Investors of record on Tuesday, September 30th will be issued a dividend of $0.64 per share. This represents a $2.56 annualized dividend and a yield of 2.3%. The ex-dividend date of this dividend is Tuesday, September 30th. National HealthCare’s dividend payout ratio (DPR) is currently 38.15%.

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.