Swiss National Bank Has $2.36 Million Stake in National HealthCare Co. $NHC

Swiss National Bank lowered its stake in shares of National HealthCare Co. (NYSE:NHC) by 6.3% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 25,430 shares of the company’s stock after selling 1,700 shares during the period. Swiss National Bank owned approximately 0.16% of National HealthCare worth $2,360,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently modified their holdings of NHC. Sterling Capital Management LLC raised its position in shares of National HealthCare by 809.1% in the 4th quarter. Sterling Capital Management LLC now owns 400 shares of the company’s stock valued at $43,000 after acquiring an additional 356 shares during the period. State of Wyoming acquired a new position in National HealthCare during the fourth quarter valued at approximately $93,000. Hohimer Wealth Management LLC increased its stake in National HealthCare by 6.9% in the first quarter. Hohimer Wealth Management LLC now owns 2,479 shares of the company’s stock valued at $230,000 after purchasing an additional 160 shares in the last quarter. XTX Topco Ltd acquired a new stake in National HealthCare in the fourth quarter worth $286,000. Finally, NewEdge Advisors LLC raised its holdings in National HealthCare by 13.9% in the fourth quarter. NewEdge Advisors LLC now owns 3,370 shares of the company’s stock worth $362,000 after purchasing an additional 411 shares during the period. 56.44% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

National HealthCare Stock Performance

Shares of NHC opened at $114.82 on Friday. The firm has a market cap of $1.78 billion, a P/E ratio of 14.39 and a beta of 0.58. National HealthCare Co. has a twelve month low of $89.14 and a twelve month high of $137.53. 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 firm’s 50 day moving average price is $102.87 and its two-hundred day moving average price is $99.14.

National HealthCare Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 31st. Investors of record on Tuesday, September 30th will be given a $0.64 dividend. This represents a $2.56 annualized dividend and a yield of 2.2%. The ex-dividend date of this dividend is Tuesday, September 30th. National HealthCare’s payout ratio is currently 38.15%.

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.