Allspring Global Investments Holdings LLC Boosts Position in National HealthCare Corporation $NHC

Allspring Global Investments Holdings LLC grew its holdings in shares of National HealthCare Corporation (NYSEAMERICAN:NHC) by 21.1% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 58,466 shares of the company’s stock after buying an additional 10,170 shares during the period. Allspring Global Investments Holdings LLC owned 0.38% of National HealthCare worth $7,625,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in the business. M Holdings Securities Inc. purchased a new stake in National HealthCare in the third quarter worth $56,283,000. First Trust Advisors LP grew its stake in National HealthCare by 556.4% in the third quarter. First Trust Advisors LP now owns 207,483 shares of the company’s stock worth $25,211,000 after purchasing an additional 175,873 shares during the period. Alps Advisors Inc. grew its stake in National HealthCare by 19.9% in the third quarter. Alps Advisors Inc. now owns 176,002 shares of the company’s stock worth $21,386,000 after purchasing an additional 29,246 shares during the period. Goldman Sachs Group Inc. grew its stake in National HealthCare by 7.1% in the first quarter. Goldman Sachs Group Inc. now owns 73,772 shares of the company’s stock worth $6,846,000 after purchasing an additional 4,879 shares during the period. Finally, Principal Financial Group Inc. grew its stake in National HealthCare by 0.4% in the third quarter. Principal Financial Group Inc. now owns 65,012 shares of the company’s stock worth $7,900,000 after purchasing an additional 277 shares during the period. 56.44% of the stock is owned by hedge funds and other institutional investors.

National HealthCare Stock Up 0.8%

Shares of NHC stock opened at $164.13 on Tuesday. The stock has a market cap of $2.55 billion, a price-to-earnings ratio of 21.40 and a beta of 0.58. The business’s fifty day moving average is $159.96 and its 200 day moving average is $140.69. National HealthCare Corporation has a twelve month low of $89.14 and a twelve month high of $174.54.

National HealthCare (NYSEAMERICAN:NHC) last issued its quarterly earnings results on Thursday, February 26th. The company reported $1.83 earnings per share for the quarter. The company had revenue of $386.51 million for the quarter. National HealthCare had a return on equity of 9.59% and a net margin of 7.91%.

National HealthCare Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, April 30th. Investors of record on Tuesday, March 31st will be paid a $0.64 dividend. This represents a $2.56 annualized dividend and a yield of 1.6%. The ex-dividend date of this dividend is Tuesday, March 31st. National HealthCare’s dividend payout ratio is presently 59.12%.

National HealthCare Company Profile

National HealthCare Corporation (NYSE American: NHC) is a healthcare services company specializing in long-term care and post-acute rehabilitation. The company operates skilled nursing facilities, assisted living communities and outpatient therapy clinics. Through its subsidiary, National HealthCare Partners, NHC provides contract rehabilitation services, pharmacy management and clinical consulting to a broad network of senior living and healthcare providers.

Headquartered in Murfreesboro, Tennessee, National HealthCare Corporation has built a regional footprint across the southeastern and south-central United States.