New York State Teachers Retirement System Buys Shares of 3,000 National HealthCare Co. (NYSEAMERICAN:NHC)

New York State Teachers Retirement System bought a new stake in National HealthCare Co. (NYSEAMERICAN:NHC) during the fourth quarter, Holdings Channel.com reports. The firm bought 3,000 shares of the company’s stock, valued at approximately $277,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. International Assets Investment Management LLC raised its holdings in shares of National HealthCare by 9,150.0% in the 4th quarter. International Assets Investment Management LLC now owns 370 shares of the company’s stock valued at $34,000 after buying an additional 366 shares during the period. Blue Trust Inc. purchased a new stake in shares of National HealthCare in the 4th quarter valued at $46,000. Lazard Asset Management LLC purchased a new stake in shares of National HealthCare in the 2nd quarter valued at $37,000. Captrust Financial Advisors raised its holdings in shares of National HealthCare by 57.1% in the 2nd quarter. Captrust Financial Advisors now owns 655 shares of the company’s stock valued at $46,000 after buying an additional 238 shares during the period. Finally, Ensign Peak Advisors Inc purchased a new stake in shares of National HealthCare in the 3rd quarter valued at $47,000. Hedge funds and other institutional investors own 56.44% of the company’s stock.

National HealthCare Trading Up 3.0 %

NHC stock opened at $90.62 on Friday. National HealthCare Co. has a 12-month low of $55.50 and a 12-month high of $101.81. The firm has a market capitalization of $1.40 billion, a P/E ratio of 20.93 and a beta of 0.36.

National HealthCare (NYSEAMERICAN:NHC) last issued its quarterly earnings results on Friday, February 16th. The company reported $0.98 earnings per share for the quarter. National HealthCare had a return on equity of 6.03% and a net margin of 5.85%. The company had revenue of $300.91 million for the quarter.

National HealthCare Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, May 1st. Shareholders of record on Friday, March 29th will be issued a dividend of $0.59 per share. The ex-dividend date of this dividend is Wednesday, March 27th. This represents a $2.36 annualized dividend and a yield of 2.60%. National HealthCare’s dividend payout ratio (DPR) is 54.50%.

Analyst Ratings Changes

Separately, StockNews.com upgraded National HealthCare from a “buy” rating to a “strong-buy” rating in a report on Friday, February 9th.

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.