MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Purchases 202 Shares of National HealthCare Co. (NYSE:NHC)

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of National HealthCare Co. (NYSE:NHC) by 2.3% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 8,966 shares of the company’s stock after buying an additional 202 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned 0.06% of National HealthCare worth $964,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. First Trust Advisors LP lifted its holdings in National HealthCare by 75.6% during the 4th quarter. First Trust Advisors LP now owns 47,062 shares of the company’s stock valued at $5,062,000 after buying an additional 20,268 shares in the last quarter. JPMorgan Chase & Co. grew its stake in National HealthCare by 46.6% in the 4th quarter. JPMorgan Chase & Co. now owns 63,145 shares of the company’s stock worth $6,792,000 after acquiring an additional 20,072 shares in the last quarter. Barclays PLC raised 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 valued at $2,649,000 after acquiring an additional 16,336 shares in the last quarter. Prudential Financial Inc. raised its stake in shares of National HealthCare by 98.2% during the fourth quarter. Prudential Financial Inc. now owns 28,192 shares of the company’s stock valued at $3,032,000 after acquiring an additional 13,970 shares in the last quarter. Finally, Tudor Investment Corp ET AL raised its stake in shares of National HealthCare by 486.2% during the fourth quarter. Tudor Investment Corp ET AL now owns 11,179 shares of the company’s stock valued at $1,202,000 after acquiring an additional 9,272 shares in the last quarter. 56.44% of the stock is currently owned by hedge funds and other institutional investors.

National HealthCare Price Performance

NHC opened at $102.33 on Tuesday. The company has a market capitalization of $1.58 billion, a price-to-earnings ratio of 12.82 and a beta of 0.51. The company has a current ratio of 1.80, a quick ratio of 1.77 and a debt-to-equity ratio of 0.14. National HealthCare Co. has a 12-month low of $89.14 and a 12-month high of $138.49. The business’s fifty day simple moving average is $95.69 and its 200-day simple moving average is $103.25.

National HealthCare Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 1st. Investors of record on Monday, June 30th will be paid a $0.64 dividend. The ex-dividend date is Monday, June 30th. This is a positive change from National HealthCare’s previous quarterly dividend of $0.61. This represents a $2.56 dividend on an annualized basis and a yield of 2.50%. National HealthCare’s dividend payout ratio is 36.99%.

Wall Street Analyst Weigh In

Separately, Wall Street Zen upgraded National HealthCare from a “buy” rating to a “strong-buy” rating in a report on Monday, May 12th.

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.