6,600 Shares in National HealthCare Co. $NHC Acquired by Strs Ohio

Strs Ohio purchased a new position in National HealthCare Co. (NYSE:NHC) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 6,600 shares of the company’s stock, valued at approximately $612,000.

A number of other hedge funds also recently modified their holdings of the stock. Alps Advisors Inc. raised its holdings in shares of National HealthCare by 7.7% in the 1st quarter. Alps Advisors Inc. now owns 147,800 shares of the company’s stock worth $13,716,000 after purchasing an additional 10,614 shares during the period. Goldman Sachs Group Inc. grew its stake in National HealthCare by 7.1% in the 1st quarter. Goldman Sachs Group Inc. now owns 73,772 shares of the company’s stock valued at $6,846,000 after buying an additional 4,879 shares in the last quarter. Principal Financial Group Inc. grew its stake in National HealthCare by 2.6% in the 1st quarter. Principal Financial Group Inc. now owns 65,410 shares of the company’s stock valued at $6,070,000 after buying an additional 1,671 shares in the last quarter. Rhumbline Advisers grew its stake in National HealthCare by 3.2% in the 1st quarter. Rhumbline Advisers now owns 45,046 shares of the company’s stock valued at $4,180,000 after buying an additional 1,377 shares in the last quarter. Finally, Public Sector Pension Investment Board grew its stake in National HealthCare by 27.4% in the 1st quarter. Public Sector Pension Investment Board now owns 39,160 shares of the company’s stock valued at $3,634,000 after buying an additional 8,429 shares in the last quarter. Institutional investors own 56.44% of the company’s stock.

National HealthCare Stock Down 1.6%

National HealthCare stock opened at $117.22 on Friday. National HealthCare Co. has a 1-year low of $89.14 and a 1-year high of $136.86. The firm has a market capitalization of $1.82 billion, a price-to-earnings ratio of 14.69 and a beta of 0.58. The company has a current ratio of 1.80, a quick ratio of 1.77 and a debt-to-equity ratio of 0.14. The firm has a 50 day simple moving average of $106.23 and a 200 day simple moving average of $101.48.

National HealthCare Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, October 31st. Stockholders of record on Tuesday, September 30th will be given a dividend of $0.64 per share. This represents a $2.56 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date is Tuesday, September 30th. National HealthCare’s payout ratio is 38.15%.

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.