State of Alaska Department of Revenue Buys 506 Shares of National HealthCare Co. $NHC

State of Alaska Department of Revenue increased its stake in National HealthCare Co. (NYSE:NHC) by 7.4% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 7,351 shares of the company’s stock after purchasing an additional 506 shares during the quarter. State of Alaska Department of Revenue’s holdings in National HealthCare were worth $786,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the stock. GAMMA Investing LLC lifted its position in shares of National HealthCare by 10,510.2% in the first quarter. GAMMA Investing LLC now owns 31,088 shares of the company’s stock valued at $2,885,000 after acquiring an additional 30,795 shares in the last quarter. Nuveen LLC purchased a new position in shares of National HealthCare in the first quarter valued at about $2,721,000. Jane Street Group LLC lifted its position in shares of National HealthCare by 86.7% in the first quarter. Jane Street Group LLC now owns 34,783 shares of the company’s stock valued at $3,228,000 after acquiring an additional 16,149 shares in the last quarter. Oak Associates Ltd. OH purchased a new position in shares of National HealthCare in the first quarter valued at about $1,110,000. Finally, Alps Advisors Inc. lifted its position in shares of National HealthCare by 7.7% in the first quarter. Alps Advisors Inc. now owns 147,800 shares of the company’s stock valued at $13,716,000 after acquiring an additional 10,614 shares in the last quarter. 56.44% of the stock is owned by institutional investors.

National HealthCare Price Performance

Shares of National HealthCare stock opened at $118.44 on Tuesday. The stock’s 50-day simple moving average is $111.79 and its 200-day simple moving average is $103.81. National HealthCare Co. has a 52 week low of $89.14 and a 52 week high of $136.86. The company has a market capitalization of $1.84 billion, a price-to-earnings ratio of 14.84 and a beta of 0.58. The company has a quick ratio of 1.77, a current ratio of 1.80 and a debt-to-equity ratio of 0.14.

National HealthCare Announces Dividend

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

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.