National HealthCare Co. (NYSE:NHC) Shares Bought by Pinnacle Financial Partners Inc

Pinnacle Financial Partners Inc raised its position in National HealthCare Co. (NYSE:NHC) by 0.9% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 15,597 shares of the company’s stock after purchasing an additional 145 shares during the quarter. Pinnacle Financial Partners Inc owned about 0.10% of National HealthCare worth $1,678,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in NHC. Morgan Stanley Institutional Investment Advisors LLC acquired a new stake in shares of National HealthCare in the third quarter valued at approximately $98,156,000. Jane Street Group LLC increased its stake in shares of National HealthCare by 213.3% in the third quarter. Jane Street Group LLC now owns 28,887 shares of the company’s stock valued at $3,633,000 after purchasing an additional 19,667 shares during the period. Barclays PLC increased its stake in shares of National HealthCare by 345.6% in the third quarter. Barclays PLC now owns 21,063 shares of the company’s stock valued at $2,649,000 after purchasing an additional 16,336 shares during the period. Allspring Global Investments Holdings LLC increased its stake in shares of National HealthCare by 30.3% in the third quarter. Allspring Global Investments Holdings LLC now owns 64,688 shares of the company’s stock valued at $8,136,000 after purchasing an additional 15,061 shares during the period. Finally, Robeco Institutional Asset Management B.V. increased its stake in shares of National HealthCare by 223.8% in the third quarter. Robeco Institutional Asset Management B.V. now owns 20,899 shares of the company’s stock valued at $2,628,000 after purchasing an additional 14,445 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 upgraded shares of National HealthCare from a “buy” rating to a “strong-buy” rating in a research note on Saturday, November 16th.

Insider Activity

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

National HealthCare Trading Down 2.8 %

National HealthCare stock opened at $93.70 on Friday. The firm has a 50 day simple moving average of $103.26 and a 200-day simple moving average of $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 stock has a market capitalization of $1.45 billion, a PE ratio of 11.74 and a beta of 0.45. National HealthCare Co. has a 12-month low of $87.03 and a 12-month high of $138.49.

National HealthCare Dividend Announcement

The business also recently disclosed 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. This represents a $2.44 annualized dividend and a dividend yield of 2.60%. The ex-dividend date is Friday, March 28th. National HealthCare’s dividend payout ratio (DPR) is presently 30.58%.

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.