3,189 Shares in National HealthCare Co. (NYSE:NHC) Purchased by Intech Investment Management LLC

Intech Investment Management LLC acquired a new position in shares of National HealthCare Co. (NYSE:NHC) in the third quarter, according to its most recent disclosure with the SEC. The firm acquired 3,189 shares of the company’s stock, valued at approximately $401,000.

A number of other institutional investors have also modified their holdings of NHC. GAMMA Investing LLC boosted its holdings in shares of National HealthCare by 196.2% in the second quarter. GAMMA Investing LLC now owns 231 shares of the company’s stock valued at $25,000 after acquiring an additional 153 shares in the last quarter. Copeland Capital Management LLC purchased a new stake in National HealthCare during the third quarter worth about $62,000. Innealta Capital LLC purchased a new stake in National HealthCare during the second quarter worth $98,000. Reliant Investment Management LLC acquired a new stake in National HealthCare in the 3rd quarter valued at about $203,000. Finally, Ballentine Partners LLC purchased a new position in shares of National HealthCare during the 3rd quarter worth approximately $223,000. Institutional investors and hedge funds own 56.44% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com raised National HealthCare from a “buy” rating to a “strong-buy” rating in a research note on Saturday, November 16th.

Insiders Place Their Bets

In related news, SVP Brian F. Kidd sold 2,000 shares of the firm’s stock in a transaction on Wednesday, September 4th. The shares were sold at an average price of $130.01, for a total transaction of $260,020.00. Following the completion of the sale, the senior vice president now directly owns 21,747 shares of the company’s stock, valued at approximately $2,827,327.47. This trade represents a 8.42 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 13.75% of the stock is currently owned by insiders.

National HealthCare Stock Up 1.7 %

Shares of NYSE:NHC opened at $127.36 on Tuesday. The stock has a 50-day simple moving average of $123.75 and a 200-day simple moving average of $120.09. The stock has a market capitalization of $1.97 billion, a P/E ratio of 15.75 and a beta of 0.41. National HealthCare Co. has a 1 year low of $82.85 and a 1 year high of $138.49. 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 Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Monday, December 30th will be given a $0.61 dividend. This represents a $2.44 annualized dividend and a yield of 1.92%. The ex-dividend date is Monday, December 30th. National HealthCare’s dividend payout ratio (DPR) is presently 30.58%.

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.