National HealthCare Co. (NYSE:NHC) Shares Purchased by The Manufacturers Life Insurance Company

The Manufacturers Life Insurance Company boosted its holdings in shares of National HealthCare Co. (NYSE:NHC) by 7.4% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 7,211 shares of the company’s stock after acquiring an additional 497 shares during the quarter. The Manufacturers Life Insurance Company’s holdings in National HealthCare were worth $907,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. GAMMA Investing LLC raised its position in National HealthCare by 35.5% in the third quarter. GAMMA Investing LLC now owns 313 shares of the company’s stock valued at $39,000 after purchasing an additional 82 shares during the period. Evergreen Capital Management LLC lifted its stake in National HealthCare by 2.9% during the 2nd quarter. Evergreen Capital Management LLC now owns 3,426 shares of the company’s stock worth $373,000 after acquiring an additional 97 shares in the last quarter. Louisiana State Employees Retirement System grew its position in National HealthCare by 1.5% in the 2nd quarter. Louisiana State Employees Retirement System now owns 6,800 shares of the company’s stock valued at $737,000 after acquiring an additional 100 shares in the last quarter. Bank of Montreal Can increased its stake in National HealthCare by 2.6% during the second quarter. Bank of Montreal Can now owns 3,903 shares of the company’s stock worth $423,000 after purchasing an additional 100 shares during the period. Finally, WINTON GROUP Ltd lifted its position in shares of National HealthCare by 1.1% during the second quarter. WINTON GROUP Ltd now owns 9,719 shares of the company’s stock worth $1,054,000 after purchasing an additional 107 shares in the last quarter. Hedge funds and other institutional investors own 56.44% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded shares of National HealthCare from a “buy” rating to a “strong-buy” rating in a report on Saturday, November 16th.

National HealthCare Trading Down 1.9 %

NYSE:NHC opened at $120.38 on Friday. The stock has a fifty day moving average price of $123.61 and a 200 day moving average price of $121.32. The company has a current ratio of 1.80, a quick ratio of 1.77 and a debt-to-equity ratio of 0.14. National HealthCare Co. has a 12-month low of $87.03 and a 12-month high of $138.49. The firm has a market cap of $1.86 billion, a PE ratio of 15.08 and a beta of 0.43.

National HealthCare Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Monday, December 30th will be paid a dividend of $0.61 per share. The ex-dividend date is Monday, December 30th. This represents a $2.44 dividend on an annualized basis and a dividend yield of 2.03%. National HealthCare’s payout ratio is 30.58%.

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.