Strs Ohio Purchases New Position in National HealthCare Co. (NYSEAMERICAN:NHC)

Strs Ohio bought a new position in National HealthCare Co. (NYSEAMERICAN:NHC) during the 4th quarter, Holdings Channel reports. The institutional investor bought 7,800 shares of the company’s stock, valued at approximately $720,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in NHC. International Assets Investment Management LLC boosted its holdings in National HealthCare by 9,150.0% in the fourth quarter. International Assets Investment Management LLC now owns 370 shares of the company’s stock worth $34,000 after purchasing an additional 366 shares during the last quarter. Blue Trust Inc. purchased a new stake in National HealthCare in the fourth quarter worth approximately $46,000. Mutual of America Capital Management LLC purchased a new stake in National HealthCare in the fourth quarter worth approximately $218,000. RFG Advisory LLC purchased a new stake in National HealthCare in the fourth quarter worth approximately $255,000. Finally, New York State Teachers Retirement System purchased a new stake in National HealthCare in the fourth quarter worth approximately $277,000. Hedge funds and other institutional investors own 56.44% of the company’s stock.

National HealthCare Stock Performance

Shares of National HealthCare stock opened at $90.77 on Friday. The firm has a market cap of $1.40 billion, a PE ratio of 20.96 and a beta of 0.36. National HealthCare Co. has a 1-year low of $55.50 and a 1-year high of $101.81.

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. The business had revenue of $300.91 million for the quarter. National HealthCare had a net margin of 5.85% and a return on equity of 6.03%.

National HealthCare Dividend Announcement

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

Analyst Ratings Changes

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

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.