O Shaughnessy Asset Management LLC Sells 1,815 Shares of National HealthCare Co. (NYSE:NHC)

O Shaughnessy Asset Management LLC lessened its stake in National HealthCare Co. (NYSE:NHC) by 11.3% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 14,268 shares of the company’s stock after selling 1,815 shares during the quarter. O Shaughnessy Asset Management LLC owned 0.09% of National HealthCare worth $1,535,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. RWA Wealth Partners LLC boosted its position in National HealthCare by 16.7% during the 4th quarter. RWA Wealth Partners LLC now owns 2,100 shares of the company’s stock worth $226,000 after acquiring an additional 300 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in National HealthCare by 46.6% during the fourth quarter. JPMorgan Chase & Co. now owns 63,145 shares of the company’s stock worth $6,792,000 after purchasing an additional 20,072 shares during the last quarter. Prudential Financial Inc. grew its position in National HealthCare by 98.2% in the fourth quarter. Prudential Financial Inc. now owns 28,192 shares of the company’s stock valued at $3,032,000 after purchasing an additional 13,970 shares in the last quarter. KLP Kapitalforvaltning AS acquired a new stake in National HealthCare in the 4th quarter valued at $854,000. Finally, Knights of Columbus Asset Advisors LLC lifted its position in National HealthCare by 29.8% during the 4th quarter. Knights of Columbus Asset Advisors LLC now owns 18,044 shares of the company’s stock worth $1,941,000 after buying an additional 4,146 shares in the last quarter. 56.44% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

National HealthCare Trading Down 0.5 %

Shares of National HealthCare stock opened at $92.89 on Friday. The stock has a market cap of $1.44 billion, a P/E ratio of 11.64 and a beta of 0.42. The company has a quick ratio of 1.77, a current ratio of 1.80 and a debt-to-equity ratio of 0.14. National HealthCare Co. has a 12-month low of $87.03 and a 12-month high of $138.49. The business’s 50 day moving average is $95.91 and its 200-day moving average is $110.13.

National HealthCare Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, April 25th. Shareholders of record on Friday, March 28th will be paid a $0.61 dividend. This represents a $2.44 dividend on an annualized basis and a yield of 2.63%. The ex-dividend date is Friday, March 28th. National HealthCare’s dividend payout ratio is currently 37.31%.

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.