Morgan Stanley Institutional Investment Advisors LLC Sells 8,327 Shares of National HealthCare Co. (NYSE:NHC)

Morgan Stanley Institutional Investment Advisors LLC lowered its stake in National HealthCare Co. (NYSE:NHC) by 1.1% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 772,110 shares of the company’s stock after selling 8,327 shares during the quarter. National HealthCare makes up about 19.1% of Morgan Stanley Institutional Investment Advisors LLC’s holdings, making the stock its 2nd biggest position. Morgan Stanley Institutional Investment Advisors LLC owned about 0.05% of National HealthCare worth $83,048,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Pinnacle Financial Partners Inc grew its position in shares of National HealthCare by 0.9% in the fourth quarter. Pinnacle Financial Partners Inc now owns 15,597 shares of the company’s stock valued at $1,678,000 after purchasing an additional 145 shares during the period. Exchange Traded Concepts LLC increased its stake in shares of National HealthCare by 2.6% during the 4th quarter. Exchange Traded Concepts LLC now owns 5,798 shares of the company’s stock valued at $624,000 after acquiring an additional 145 shares during the last quarter. Bessemer Group Inc. boosted its position in shares of National HealthCare by 396.3% in the fourth quarter. Bessemer Group Inc. now owns 268 shares of the company’s stock worth $29,000 after acquiring an additional 214 shares during the last quarter. RWA Wealth Partners LLC increased its position in National HealthCare by 16.7% during the fourth quarter. RWA Wealth Partners LLC now owns 2,100 shares of the company’s stock worth $226,000 after purchasing an additional 300 shares during the last quarter. Finally, Sei Investments Co. grew its stake in shares of National HealthCare by 3.7% during the 4th quarter. Sei Investments Co. now owns 9,618 shares of the company’s stock valued at $1,035,000 after buying an additional 340 shares during the period. Institutional investors and hedge funds own 56.44% of the company’s stock.

National HealthCare Trading Up 0.6 %

NYSE NHC opened at $92.13 on Friday. 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 one year low of $87.62 and a one year high of $138.49. The company’s 50 day moving average price is $93.77 and its 200 day moving average price is $107.56. The firm has a market capitalization of $1.42 billion, a price-to-earnings ratio of 11.55 and a beta of 0.42.

National HealthCare Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, April 25th. Investors of record on Friday, March 28th will be issued a $0.61 dividend. The ex-dividend date is Friday, March 28th. This represents a $2.44 annualized dividend and a yield of 2.65%. National HealthCare’s dividend payout ratio is currently 37.31%.

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.

About National HealthCare

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.