Wedge Capital Management L L P NC Has $392,000 Position in National Research Corporation (NRCIA)
Wedge Capital Management L L P NC reduced its position in shares of National Research Corporation (NASDAQ:NRCIA) by 35.4% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 10,400 shares of the business services provider’s stock after selling 5,700 shares during the period. Wedge Capital Management L L P NC’s holdings in National Research Corporation were worth $392,000 at the end of the most recent quarter.
A number of other hedge funds have also recently made changes to their positions in NRCIA. Citigroup Inc. lifted its holdings in National Research Corporation by 120.2% during the 2nd quarter. Citigroup Inc. now owns 8,299 shares of the business services provider’s stock valued at $224,000 after purchasing an additional 4,531 shares during the last quarter. The Manufacturers Life Insurance Company lifted its holdings in National Research Corporation by 252.1% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 9,090 shares of the business services provider’s stock valued at $244,000 after purchasing an additional 6,508 shares during the last quarter. Strs Ohio lifted its holdings in National Research Corporation by 210.3% during the 2nd quarter. Strs Ohio now owns 12,100 shares of the business services provider’s stock valued at $325,000 after purchasing an additional 8,200 shares during the last quarter. Alliancebernstein L.P. lifted its holdings in National Research Corporation by 5.1% during the 2nd quarter. Alliancebernstein L.P. now owns 12,369 shares of the business services provider’s stock valued at $333,000 after purchasing an additional 600 shares during the last quarter. Finally, Algert Global LLC bought a new position in National Research Corporation during the 2nd quarter valued at about $384,000. 28.84% of the stock is owned by hedge funds and other institutional investors.
Separately, Zacks Investment Research downgraded shares of National Research Corporation from a “hold” rating to a “strong sell” rating in a report on Friday.
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In other National Research Corporation news, major shareholder K/I/E/Trust Under Agreement 3/ sold 9,000 shares of the business’s stock in a transaction dated Wednesday, November 1st. The shares were sold at an average price of $36.50, for a total value of $328,500.00. Following the completion of the transaction, the insider now directly owns 5,626,167 shares of the company’s stock, valued at $205,355,095.50. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Over the last ninety days, insiders sold 134,715 shares of company stock valued at $4,996,670. Insiders own 37.54% of the company’s stock.
National Research Corporation (NASDAQ:NRCIA) opened at $32.40 on Friday. National Research Corporation has a 12 month low of $15.15 and a 12 month high of $41.99. The firm has a market cap of $691.11, a PE ratio of 46.48 and a beta of 1.70.
The business also recently announced a quarterly dividend, which was paid on Friday, October 13th. Shareholders of record on Friday, September 29th were paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.23%. The ex-dividend date was Thursday, September 28th. National Research Corporation’s dividend payout ratio is presently 80.00%.
About National Research Corporation
National Research Corporation, doing business as NRC Health, is a provider of analytics and insights for healthcare providers, payers and other healthcare organizations. The Company operates through six segments: Experience, The Governance Institute, Market Insights, Transparency, National Research Corporation Canada and Connect.
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