Allspring Global Investments Holdings LLC Has $3.33 Million Holdings in National HealthCare Co. $NHC

Allspring Global Investments Holdings LLC trimmed its position in shares of National HealthCare Co. (NYSE:NHC) by 3.7% during the second quarter, HoldingsChannel.com reports. The firm owned 30,979 shares of the company’s stock after selling 1,204 shares during the period. Allspring Global Investments Holdings LLC’s holdings in National HealthCare were worth $3,333,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in NHC. Hohimer Wealth Management LLC boosted its stake in shares of National HealthCare by 6.9% during the first quarter. Hohimer Wealth Management LLC now owns 2,479 shares of the company’s stock valued at $230,000 after purchasing an additional 160 shares in the last quarter. Royal Bank of Canada boosted its stake in shares of National HealthCare by 53.6% during the first quarter. Royal Bank of Canada now owns 2,724 shares of the company’s stock valued at $253,000 after purchasing an additional 950 shares in the last quarter. Institute for Wealth Management LLC. acquired a new stake in shares of National HealthCare during the second quarter valued at about $256,000. Quantbot Technologies LP acquired a new stake in shares of National HealthCare during the first quarter valued at about $277,000. Finally, Algert Global LLC acquired a new stake in shares of National HealthCare during the first quarter valued at about $314,000. 56.44% of the stock is owned by institutional investors and hedge funds.

National HealthCare Stock Performance

Shares of NHC stock opened at $123.43 on Tuesday. The business’s 50-day moving average price is $116.46 and its 200-day moving average price is $105.76. The company has a current ratio of 1.80, a quick ratio of 1.77 and a debt-to-equity ratio of 0.14. The firm has a market capitalization of $1.91 billion, a price-to-earnings ratio of 15.47 and a beta of 0.58. National HealthCare Co. has a 12 month low of $89.14 and a 12 month high of $136.86.

National HealthCare Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 31st. Investors of record on Tuesday, September 30th will be paid a $0.64 dividend. This represents a $2.56 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date of this dividend is Tuesday, September 30th. National HealthCare’s payout ratio is currently 38.15%.

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.