Louisiana State Employees Retirement System Acquires New Shares in National HealthCare Co. (NYSEAMERICAN:NHC)

Louisiana State Employees Retirement System bought a new position in shares of National HealthCare Co. (NYSEAMERICAN:NHC) during the fourth quarter, HoldingsChannel.com reports. The firm bought 6,700 shares of the company’s stock, valued at approximately $619,000.

Other large investors also recently bought and sold shares of the company. International Assets Investment Management LLC grew its position in shares of National HealthCare by 9,150.0% in the fourth quarter. International Assets Investment Management LLC now owns 370 shares of the company’s stock valued at $34,000 after purchasing an additional 366 shares during the last quarter. Blue Trust Inc. purchased a new stake in National HealthCare in the 4th quarter valued at approximately $46,000. Mutual of America Capital Management LLC acquired a new stake in National HealthCare during the 4th quarter valued at $218,000. RFG Advisory LLC purchased a new position in National HealthCare during the fourth quarter worth $255,000. Finally, New York State Teachers Retirement System acquired a new position in shares of National HealthCare in the fourth quarter worth $277,000. Institutional investors and hedge funds own 56.44% of the company’s stock.

Wall Street Analysts Forecast Growth

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

National HealthCare Stock Up 0.6 %

NYSEAMERICAN:NHC opened at $91.28 on Monday. The company has a market capitalization of $1.41 billion, a PE ratio of 21.08 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 company had revenue of $300.91 million for the quarter. National HealthCare had a return on equity of 6.03% and a net margin of 5.85%.

National HealthCare Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, May 1st. Investors of record on Friday, March 29th will be issued a $0.59 dividend. The ex-dividend date is Wednesday, March 27th. This represents a $2.36 dividend on an annualized basis and a yield of 2.59%. National HealthCare’s payout ratio is 54.50%.

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.