Navellier & Associates Inc. Has $769,000 Position in National HealthCare Co. (NYSE:NHC)

Navellier & Associates Inc. grew its stake in National HealthCare Co. (NYSE:NHC) by 67.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 7,153 shares of the company’s stock after buying an additional 2,873 shares during the period. Navellier & Associates Inc.’s holdings in National HealthCare were worth $769,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Global Retirement Partners LLC acquired a new stake in shares of National HealthCare in the fourth quarter valued at about $83,000. Principal Financial Group Inc. increased its stake in shares of National HealthCare by 3.5% in the fourth quarter. Principal Financial Group Inc. now owns 63,739 shares of the company’s stock valued at $6,856,000 after buying an additional 2,140 shares during the period. Allworth Financial LP increased its stake in shares of National HealthCare by 378.0% in the fourth 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. Blue Trust Inc. increased its stake 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 buying an additional 2,149 shares during the period. Finally, Exchange Traded Concepts LLC increased its stake in shares of National HealthCare by 2.6% in the fourth quarter. Exchange Traded Concepts LLC now owns 5,798 shares of the company’s stock valued at $624,000 after buying an additional 145 shares during the period. Institutional investors and hedge funds own 56.44% of the company’s stock.

Wall Street Analyst Weigh In

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

National HealthCare Stock Down 2.8 %

Shares of National HealthCare stock opened at $93.70 on Friday. National HealthCare Co. has a one year low of $87.03 and a one year high of $138.49. 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 stock’s 50-day moving average is $103.26 and its 200 day moving average is $117.55. The firm has a market cap of $1.45 billion, a price-to-earnings ratio of 11.74 and a beta of 0.45.

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 given a dividend of $0.61 per share. The ex-dividend date is Friday, March 28th. This represents a $2.44 annualized dividend and a dividend yield of 2.60%. National HealthCare’s payout ratio is 30.58%.

Insider Activity at National HealthCare

In other National HealthCare news, VP Timothy J. Shelly sold 614 shares of the stock in a transaction that occurred 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 document filed with the SEC, which is available at this hyperlink. Also, 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 completion of the transaction, the insider now owns 1,056,616 shares in the company, valued at approximately $120,147,805.36. The trade was a 2.59 % decrease in their position. The disclosure for this sale can be found here. 13.75% of the stock is owned by corporate insiders.

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.