Thrivent Financial for Lutherans Sells 1,560 Shares of National HealthCare Co. (NYSE:NHC)

Thrivent Financial for Lutherans lowered its holdings in National HealthCare Co. (NYSE:NHC) by 13.9% in the third quarter, Holdings Channel reports. The firm owned 9,690 shares of the company’s stock after selling 1,560 shares during the quarter. Thrivent Financial for Lutherans’ holdings in National HealthCare were worth $1,219,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in NHC. GAMMA Investing LLC grew its holdings in shares of National HealthCare by 196.2% in the 2nd quarter. GAMMA Investing LLC now owns 231 shares of the company’s stock valued at $25,000 after acquiring an additional 153 shares in the last quarter. Copeland Capital Management LLC acquired a new position in National HealthCare during the third quarter valued at approximately $62,000. Innealta Capital LLC bought a new position in National HealthCare in the second quarter valued at approximately $98,000. Reliant Investment Management LLC acquired a new position in shares of National HealthCare during the 3rd quarter worth approximately $203,000. Finally, Blue Trust Inc. raised its stake in shares of National HealthCare by 6,700.0% during the 2nd quarter. Blue Trust Inc. now owns 2,040 shares of the company’s stock worth $221,000 after purchasing an additional 2,010 shares in the last quarter. 56.44% of the stock is currently owned by institutional investors and hedge funds.

National HealthCare Stock Up 0.6 %

National HealthCare stock opened at $125.20 on Monday. National HealthCare Co. has a fifty-two week low of $75.53 and a fifty-two week high of $138.49. The firm has a market capitalization of $1.93 billion, a PE ratio of 15.69 and a beta of 0.41. The company’s 50-day moving average is $123.75 and its 200-day moving average is $119.95. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.80 and a quick ratio of 1.77.

National HealthCare Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Monday, December 30th will be given a $0.61 dividend. The ex-dividend date is Monday, December 30th. This represents a $2.44 dividend on an annualized basis and a dividend yield of 1.95%. National HealthCare’s payout ratio is 30.58%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded shares of National HealthCare from a “buy” rating to a “strong-buy” rating in a report on Saturday, November 16th.

Insider Transactions at National HealthCare

In other news, SVP Brian F. Kidd sold 2,000 shares of the firm’s stock in a transaction dated Wednesday, September 4th. The shares were sold at an average price of $130.01, for a total transaction of $260,020.00. Following the completion of the sale, the senior vice president now owns 21,747 shares in the company, valued at approximately $2,827,327.47. This trade represents a 8.42 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 13.75% of the stock is currently owned by corporate insiders.

About National HealthCare

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.