Bank of New York Mellon Corp Sells 7,920 Shares of National HealthCare Co. (NYSE:NHC)

Bank of New York Mellon Corp reduced its stake in National HealthCare Co. (NYSE:NHC) by 6.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 124,681 shares of the company’s stock after selling 7,920 shares during the period. Bank of New York Mellon Corp’s holdings in National HealthCare were worth $13,411,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Allworth Financial LP grew its stake in shares of National HealthCare by 378.0% in the 4th quarter. Allworth Financial LP now owns 564 shares of the company’s stock valued at $61,000 after buying an additional 446 shares during the period. Global Retirement Partners LLC acquired a new stake in National HealthCare in the fourth quarter valued at approximately $83,000. Meridian Wealth Management LLC acquired a new position in shares of National HealthCare during the third quarter worth approximately $229,000. Captrust Financial Advisors acquired a new stake in National HealthCare in the 3rd quarter valued at $233,000. Finally, Hohimer Wealth Management LLC bought a new stake in National HealthCare during the 3rd quarter valued at $274,000. Institutional investors and hedge funds own 56.44% of the company’s stock.

Insider Activity at National HealthCare

In other National HealthCare news, VP Timothy J. Shelly sold 614 shares of the company’s stock in a transaction on Friday, December 13th. The stock was sold at an average price of $121.44, for a total value of $74,564.16. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Health Corp National sold 28,147 shares of National HealthCare stock in a transaction on Friday, December 20th. The stock was sold at an average price of $113.71, for a total value of $3,200,595.37. Following the sale, the insider now owns 1,056,616 shares in the company, valued at $120,147,805.36. The trade was a 2.59 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 13.75% of the stock is owned by insiders.

National HealthCare Trading Down 0.8 %

Shares of National HealthCare stock opened at $93.74 on Thursday. The company has a current ratio of 1.80, a quick ratio of 1.77 and a debt-to-equity ratio of 0.14. The stock has a fifty day simple moving average of $98.26 and a 200 day simple moving average of $114.49. National HealthCare Co. has a 12-month low of $87.03 and a 12-month high of $138.49. The company has a market capitalization of $1.45 billion, a P/E ratio of 11.75 and a beta of 0.41.

National HealthCare Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, April 25th. Stockholders of record on Friday, March 28th will be issued a $0.61 dividend. The ex-dividend date of this dividend is Friday, March 28th. This represents a $2.44 annualized dividend and a dividend yield of 2.60%. National HealthCare’s dividend payout ratio is currently 37.31%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com lowered National HealthCare from a “strong-buy” rating to a “buy” rating in a report on Monday, March 3rd.

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.