JPMorgan Chase & Co. Has $5.42 Million Position in National HealthCare Co. (NYSE:NHC)

JPMorgan Chase & Co. boosted its holdings in shares of National HealthCare Co. (NYSE:NHC) by 6.0% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 43,073 shares of the company’s stock after buying an additional 2,419 shares during the period. JPMorgan Chase & Co. owned approximately 0.28% of National HealthCare worth $5,417,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Barclays PLC raised its holdings in shares of National HealthCare by 345.6% in the 3rd quarter. Barclays PLC now owns 21,063 shares of the company’s stock worth $2,649,000 after acquiring an additional 16,336 shares during the last quarter. Cerity Partners LLC increased its holdings in National HealthCare by 5.2% during 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 in the last quarter. Allspring Global Investments Holdings LLC raised its stake in shares of National HealthCare by 30.3% in the third quarter. Allspring Global Investments Holdings LLC now owns 64,688 shares of the company’s stock worth $8,136,000 after purchasing an additional 15,061 shares during the last quarter. Jane Street Group LLC lifted its holdings in shares of National HealthCare by 213.3% in the third quarter. Jane Street Group LLC now owns 28,887 shares of the company’s stock valued at $3,633,000 after purchasing an additional 19,667 shares in the last quarter. Finally, Marshall Wace LLP purchased a new position in shares of National HealthCare during the second quarter valued at approximately $228,000. 56.44% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

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

National HealthCare Stock Up 0.2 %

National HealthCare stock opened at $98.81 on Friday. National HealthCare Co. has a fifty-two week low of $87.03 and a fifty-two week 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. The firm’s 50-day simple moving average is $117.41 and its 200 day simple moving average is $121.92. The stock has a market cap of $1.53 billion, a PE ratio of 12.38 and a beta of 0.46.

National HealthCare Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Monday, December 30th will be paid a $0.61 dividend. The ex-dividend date is Monday, December 30th. This represents a $2.44 dividend on an annualized basis and a dividend yield of 2.47%. National HealthCare’s payout ratio is presently 30.58%.

Insider Activity

In other news, insider Health Corp National sold 28,147 shares of National HealthCare stock in a transaction on Friday, December 20th. The stock was sold at an average price of $113.71, for a total transaction of $3,200,595.37. Following the sale, the insider now directly owns 1,056,616 shares in the company, valued at $120,147,805.36. The trade was a 2.59 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP Timothy J. Shelly sold 614 shares of the stock in a transaction dated Friday, December 13th. The shares were sold at an average price of $121.44, for a total transaction of $74,564.16. The disclosure for this sale can be found here. 13.75% of the stock is currently owned by corporate insiders.

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.