Hood River Capital Management LLC Invests $2.52 Million in National HealthCare Co. (NYSE:NHC)

Hood River Capital Management LLC bought a new position in shares of National HealthCare Co. (NYSE:NHC) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 23,217 shares of the company’s stock, valued at approximately $2,517,000. Hood River Capital Management LLC owned about 0.15% of National HealthCare as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Vanguard Group Inc. increased its position in National HealthCare by 4.9% during the first quarter. Vanguard Group Inc. now owns 1,593,829 shares of the company’s stock worth $150,633,000 after acquiring an additional 74,911 shares during the period. Lazard Asset Management LLC increased its position in National HealthCare by 4,448.7% during the first quarter. Lazard Asset Management LLC now owns 55,267 shares of the company’s stock worth $5,222,000 after acquiring an additional 54,052 shares during the period. Victory Capital Management Inc. increased its position in National HealthCare by 123.0% during the second quarter. Victory Capital Management Inc. now owns 87,350 shares of the company’s stock worth $9,469,000 after acquiring an additional 48,182 shares during the period. Dimensional Fund Advisors LP increased its position in National HealthCare by 3.2% during the second quarter. Dimensional Fund Advisors LP now owns 1,022,033 shares of the company’s stock worth $110,788,000 after acquiring an additional 31,697 shares during the period. Finally, Allspring Global Investments Holdings LLC increased its position in National HealthCare by 139.3% during the second quarter. Allspring Global Investments Holdings LLC now owns 49,627 shares of the company’s stock worth $5,380,000 after acquiring an additional 28,886 shares during the period. Institutional investors and hedge funds own 56.44% of the company’s stock.

National HealthCare Trading Up 0.3 %

NHC stock opened at $127.12 on Tuesday. National HealthCare Co. has a 12 month low of $63.44 and a 12 month high of $138.49. The company has a market cap of $1.96 billion, a price-to-earnings ratio of 24.17 and a beta of 0.41. The firm has a 50-day moving average price of $128.18.

National HealthCare (NYSE:NHC) last posted its quarterly earnings results on Friday, August 9th. The company reported $1.00 earnings per share for the quarter. National HealthCare had a net margin of 7.74% and a return on equity of 6.39%. The company had revenue of $300.66 million for the quarter.

National HealthCare Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, November 1st. Stockholders of record on Monday, September 30th will be given a $0.61 dividend. The ex-dividend date is Monday, September 30th. This represents a $2.44 dividend on an annualized basis and a dividend yield of 1.92%. National HealthCare’s dividend payout ratio (DPR) is currently 46.39%.

Insider Transactions at National HealthCare

In other news, SVP Brian F. Kidd sold 2,000 shares of the business’s stock in a transaction that occurred on Wednesday, September 4th. The shares were sold at an average price of $130.01, for a total value of $260,020.00. Following the transaction, the senior vice president now owns 21,747 shares in the company, valued at approximately $2,827,327.47. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 13.75% of the company’s stock.

National HealthCare Company 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.