California State Teachers Retirement System Decreases Holdings in National Research Co. (NASDAQ:NRC)

California State Teachers Retirement System lowered its position in shares of National Research Co. (NASDAQ:NRC) by 5.3% in the second quarter, HoldingsChannel.com reports. The fund owned 19,272 shares of the company’s stock after selling 1,072 shares during the quarter. California State Teachers Retirement System’s holdings in National Research were worth $885,000 as of its most recent filing with the SEC.

Several other hedge funds also recently modified their holdings of NRC. Huntington National Bank acquired a new position in National Research in the 2nd quarter worth about $48,000. Blume Capital Management Inc. acquired a new position in National Research in the 2nd quarter worth about $64,000. Spears Abacus Advisors LLC acquired a new position in National Research in the 2nd quarter worth about $241,000. Price T Rowe Associates Inc. MD acquired a new position in National Research in the 1st quarter worth about $312,000. Finally, Cowen Prime Advisors LLC acquired a new position in National Research in the 2nd quarter worth about $321,000. 43.82% of the stock is owned by institutional investors and hedge funds.

NASDAQ NRC opened at $43.11 on Thursday. The firm has a market cap of $1.10 billion, a PE ratio of 30.45 and a beta of 0.70. National Research Co. has a twelve month low of $40.81 and a twelve month high of $55.67. The company has a quick ratio of 1.69, a current ratio of 1.86 and a debt-to-equity ratio of 0.28. The business has a 50-day simple moving average of $45.95.

National Research (NASDAQ:NRC) last posted its quarterly earnings data on Tuesday, November 2nd. The company reported $0.38 EPS for the quarter. National Research had a return on equity of 48.54% and a net margin of 24.96%. The company had revenue of $37.77 million during the quarter.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 14th. Shareholders of record on Thursday, December 30th will be paid a dividend of $0.12 per share. The ex-dividend date of this dividend is Wednesday, December 29th. This represents a $0.48 annualized dividend and a yield of 1.11%. National Research’s dividend payout ratio (DPR) is currently 34.04%.

In other National Research news, major shareholder Amandla Mk Trust sold 50,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 3rd. The stock was sold at an average price of $50.06, for a total transaction of $2,503,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Over the last quarter, insiders have sold 55,074 shares of company stock valued at $2,776,743. 4.20% of the stock is owned by company insiders.

National Research Profile

National Research Corp. engages in the provision of analytics and insights that facilitate patient, employee, and customer retention. It offers solutions that address specific needs around market insight, experience, transparency, and governance for healthcare providers, payers, and other healthcare organizations.

Further Reading: Overweight

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Institutional Ownership by Quarter for National Research (NASDAQ:NRC)

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