Barclays PLC Grows Holdings in National HealthCare Co. (NYSE:NHC)

Barclays PLC lifted its stake in National HealthCare Co. (NYSE:NHC) by 345.6% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 21,063 shares of the company’s stock after buying an additional 16,336 shares during the quarter. Barclays PLC owned approximately 0.14% of National HealthCare worth $2,649,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in NHC. Cerity Partners LLC raised its position in National HealthCare by 5.2% in the 3rd quarter. Cerity Partners LLC now owns 16,631 shares of the company’s stock worth $2,092,000 after purchasing an additional 825 shares during the period. TD Asset Management Inc raised its position in shares of National HealthCare by 51.7% in the 2nd quarter. TD Asset Management Inc now owns 13,500 shares of the company’s stock worth $1,463,000 after acquiring an additional 4,600 shares in the last quarter. Miller Howard Investments Inc. NY bought a new position in National HealthCare in the second quarter worth about $323,000. Allspring Global Investments Holdings LLC lifted its position in shares of National HealthCare by 30.3% during the third quarter. Allspring Global Investments Holdings LLC now owns 64,688 shares of the company’s stock valued at $8,136,000 after buying an additional 15,061 shares during the last quarter. Finally, Marshall Wace LLP bought a new stake in shares of National HealthCare in the 2nd quarter valued at about $228,000. 56.44% of the stock is currently owned by hedge funds and other institutional investors.

National HealthCare Stock Performance

Shares of NHC opened at $111.29 on Wednesday. The company has a current ratio of 1.80, a quick ratio of 1.77 and a debt-to-equity ratio of 0.14. The firm has a market cap of $1.72 billion, a PE ratio of 13.95 and a beta of 0.43. National HealthCare Co. has a 12 month low of $87.03 and a 12 month high of $138.49. The stock has a fifty day moving average price of $122.81 and a 200-day moving average price of $122.19.

National HealthCare Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Monday, December 30th will be paid a $0.61 dividend. This represents a $2.44 dividend on an annualized basis and a yield of 2.19%. The ex-dividend date of this dividend is Monday, December 30th. National HealthCare’s dividend payout ratio (DPR) is presently 30.58%.

Wall Street Analysts Forecast Growth

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

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.