National HealthCare Co. (NYSE:NHC) Shares Sold by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans reduced its stake in shares of National HealthCare Co. (NYSE:NHC) by 1.5% during the 4th quarter, HoldingsChannel reports. The firm owned 9,548 shares of the company’s stock after selling 142 shares during the quarter. Thrivent Financial for Lutherans’ holdings in National HealthCare were worth $1,027,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in NHC. Allworth Financial LP boosted its position in shares of National HealthCare by 378.0% during the 4th quarter. Allworth Financial LP now owns 564 shares of the company’s stock valued at $61,000 after acquiring an additional 446 shares during the last quarter. Global Retirement Partners LLC purchased a new position in National HealthCare during the fourth quarter worth about $83,000. Captrust Financial Advisors acquired a new position in National HealthCare in the 3rd quarter valued at about $233,000. Hohimer Wealth Management LLC purchased a new stake in shares of National HealthCare in the 3rd quarter valued at approximately $274,000. Finally, BNP Paribas Financial Markets increased its holdings in shares of National HealthCare by 154.6% during the 3rd quarter. BNP Paribas Financial Markets now owns 2,813 shares of the company’s stock worth $354,000 after buying an additional 1,708 shares during the last quarter. 56.44% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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

National HealthCare Stock Performance

NYSE:NHC opened at $93.57 on Wednesday. The stock has a market capitalization of $1.45 billion, a P/E ratio of 11.73 and a beta of 0.41. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.77 and a current ratio of 1.80. National HealthCare Co. has a fifty-two week low of $87.03 and a fifty-two week high of $138.49. The company has a 50 day moving average price of $96.10 and a 200 day moving average price of $110.69.

National HealthCare Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 25th. Investors of record on Friday, March 28th will be paid a dividend of $0.61 per share. This represents a $2.44 annualized dividend and a yield of 2.61%. The ex-dividend date is Friday, March 28th. National HealthCare’s payout ratio is currently 37.31%.

National HealthCare Company 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.