National HealthCare Co. (NYSE:NHC) Position Increased by Pinnacle Financial Partners Inc

Pinnacle Financial Partners Inc raised its holdings in shares of National HealthCare Co. (NYSE:NHC) by 0.9% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 15,597 shares of the company’s stock after buying an additional 145 shares during the period. Pinnacle Financial Partners Inc’s holdings in National HealthCare were worth $1,678,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in the business. Navellier & Associates Inc. boosted its holdings in National HealthCare by 67.1% during the fourth quarter. Navellier & Associates Inc. now owns 7,153 shares of the company’s stock worth $769,000 after buying an additional 2,873 shares in the last quarter. Global Retirement Partners LLC purchased a new position in National HealthCare during the 4th quarter worth approximately $83,000. Principal Financial Group Inc. grew its position in National HealthCare by 3.5% during the 4th quarter. Principal Financial Group Inc. now owns 63,739 shares of the company’s stock worth $6,856,000 after purchasing an additional 2,140 shares in the last quarter. Allworth Financial LP raised its stake in 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 purchasing an additional 446 shares during the period. Finally, Blue Trust Inc. lifted its holdings in shares of National HealthCare by 43.4% in the fourth quarter. Blue Trust Inc. now owns 7,106 shares of the company’s stock valued at $764,000 after purchasing an additional 2,149 shares in the last quarter. 56.44% of the stock is currently owned by institutional investors.

National HealthCare Price Performance

Shares of NHC opened at $93.70 on Friday. The business’s 50-day moving average is $103.26 and its 200-day moving average is $117.55. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.80 and a quick ratio of 1.77. The company has a market capitalization of $1.45 billion, a price-to-earnings ratio of 11.74 and a beta of 0.45. National HealthCare Co. has a fifty-two week low of $87.03 and a fifty-two week high of $138.49.

National HealthCare Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, April 25th. Shareholders of record on Friday, March 28th will be given a $0.61 dividend. The ex-dividend date is Friday, March 28th. This represents a $2.44 dividend on an annualized basis and a yield of 2.60%. National HealthCare’s payout ratio is 30.58%.

Analyst Upgrades and Downgrades

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

Insider Buying and Selling at National HealthCare

In related news, insider Health Corp National sold 28,147 shares of the stock in a transaction that occurred 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 transaction, the insider now owns 1,056,616 shares in the company, valued at approximately $120,147,805.36. This represents a 2.59 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, VP Timothy J. Shelly sold 614 shares of National HealthCare stock in a transaction that occurred on Friday, December 13th. The shares were sold at an average price of $121.44, for a total transaction of $74,564.16. The disclosure for this sale can be found here. Company insiders own 13.75% of the company’s stock.

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.