National HealthCare Co. (NYSE:NHC) Shares Sold by Jane Street Group LLC

Jane Street Group LLC lessened its stake in shares of National HealthCare Co. (NYSE:NHC) by 35.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 18,634 shares of the company’s stock after selling 10,253 shares during the quarter. Jane Street Group LLC owned 0.12% of National HealthCare worth $2,004,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of NHC. Barclays PLC lifted its stake in shares of National HealthCare by 345.6% during the third quarter. Barclays PLC now owns 21,063 shares of the company’s stock worth $2,649,000 after purchasing an additional 16,336 shares in the last quarter. Franklin Resources Inc. lifted its stake in shares of National HealthCare by 6.5% during the third quarter. Franklin Resources Inc. now owns 6,655 shares of the company’s stock worth $806,000 after purchasing an additional 409 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in shares of National HealthCare by 6.0% during the third quarter. JPMorgan Chase & Co. now owns 43,073 shares of the company’s stock worth $5,417,000 after purchasing an additional 2,419 shares in the last quarter. Ellsworth Advisors LLC acquired a new position in shares of National HealthCare during the fourth quarter worth about $650,000. Finally, Inspire Investing LLC lifted its stake in shares of National HealthCare by 10.5% during the fourth quarter. Inspire Investing LLC now owns 4,092 shares of the company’s stock worth $440,000 after purchasing an additional 390 shares in the last quarter. Institutional investors and hedge funds own 56.44% of the company’s stock.

Analysts Set New Price Targets

Separately, StockNews.com raised National HealthCare from a “buy” rating to a “strong-buy” rating in a report on Monday, May 12th.

National HealthCare Trading Up 1.9%

Shares of NHC opened at $108.61 on Friday. The company has a market capitalization of $1.68 billion, a P/E ratio of 13.61 and a beta of 0.51. National HealthCare Co. has a one year low of $89.14 and a one year 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 stock has a 50-day moving average price of $94.47 and a 200 day moving average price of $104.34.

National HealthCare Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 1st. Investors of record on Monday, June 30th will be issued a $0.64 dividend. The ex-dividend date of this dividend is Monday, June 30th. This represents a $2.56 dividend on an annualized basis and a yield of 2.36%. This is an increase from National HealthCare’s previous quarterly dividend of $0.61. National HealthCare’s dividend payout ratio is currently 36.99%.

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.