KLP Kapitalforvaltning AS Lowers Holdings in National HealthCare Co. $NHC

KLP Kapitalforvaltning AS decreased its stake in shares of National HealthCare Co. (NYSE:NHC) by 35.4% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 5,100 shares of the company’s stock after selling 2,800 shares during the quarter. KLP Kapitalforvaltning AS’s holdings in National HealthCare were worth $549,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Martingale Asset Management L P increased its holdings in shares of National HealthCare by 0.6% in the 1st quarter. Martingale Asset Management L P now owns 15,857 shares of the company’s stock worth $1,472,000 after purchasing an additional 99 shares in the last quarter. Hohimer Wealth Management LLC increased its holdings in shares of National HealthCare by 6.9% in the 1st quarter. Hohimer Wealth Management LLC now owns 2,479 shares of the company’s stock worth $230,000 after purchasing an additional 160 shares in the last quarter. AQR Capital Management LLC increased its holdings in shares of National HealthCare by 1.7% in the 1st quarter. AQR Capital Management LLC now owns 16,080 shares of the company’s stock worth $1,492,000 after purchasing an additional 262 shares in the last quarter. Inspire Investing LLC increased its holdings in shares of National HealthCare by 6.7% in the 1st quarter. Inspire Investing LLC now owns 4,367 shares of the company’s stock worth $405,000 after purchasing an additional 275 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of National HealthCare by 3.1% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 9,247 shares of the company’s stock worth $858,000 after purchasing an additional 281 shares in the last quarter. Hedge funds and other institutional investors own 56.44% of the company’s stock.

National HealthCare Stock Up 0.1%

National HealthCare stock opened at $121.95 on Friday. The firm has a market cap of $1.89 billion, a price-to-earnings ratio of 15.28 and a beta of 0.58. The stock has a fifty day simple moving average of $116.06 and a two-hundred day simple moving average of $105.46. National HealthCare Co. has a 12 month low of $89.14 and a 12 month high of $136.86. The company has a current ratio of 1.80, a quick ratio of 1.77 and a debt-to-equity ratio of 0.14.

National HealthCare Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 31st. Investors of record on Tuesday, September 30th will be issued a $0.64 dividend. The ex-dividend date of this dividend is Tuesday, September 30th. This represents a $2.56 annualized dividend and a dividend yield of 2.1%. National HealthCare’s payout ratio is presently 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.