National HealthCare Co. (NYSE:NHC) Shares Purchased by Summit Global Investments

Summit Global Investments boosted its stake in National HealthCare Co. (NYSE:NHC) by 65.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,631 shares of the company’s stock after acquiring an additional 4,208 shares during the period. Summit Global Investments’ holdings in National HealthCare were worth $1,143,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Systematic Financial Management LP increased its stake in National HealthCare by 6.6% during the third quarter. Systematic Financial Management LP now owns 113,922 shares of the company’s stock valued at $14,328,000 after purchasing an additional 7,011 shares during the last quarter. Principal Financial Group Inc. increased its stake in National HealthCare by 3.5% during the fourth quarter. Principal Financial Group Inc. now owns 63,739 shares of the company’s stock valued at $6,856,000 after purchasing an additional 2,140 shares during the last quarter. JPMorgan Chase & Co. increased its stake in National HealthCare by 6.0% during the third quarter. JPMorgan Chase & Co. now owns 43,073 shares of the company’s stock valued at $5,417,000 after purchasing an additional 2,419 shares during the last quarter. Segall Bryant & Hamill LLC increased its stake in National HealthCare by 1.4% during the third quarter. Segall Bryant & Hamill LLC now owns 36,917 shares of the company’s stock valued at $4,643,000 after purchasing an additional 516 shares during the last quarter. Finally, Jane Street Group LLC increased its stake in National HealthCare by 213.3% during the third quarter. Jane Street Group LLC now owns 28,887 shares of the company’s stock valued at $3,633,000 after purchasing an additional 19,667 shares during the last quarter. 56.44% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, StockNews.com lowered shares of National HealthCare from a “strong-buy” rating to a “buy” rating in a research note on Monday, March 3rd.

National HealthCare Stock Down 0.6 %

NHC stock opened at $90.72 on Friday. The firm has a fifty day moving average price of $96.99 and a two-hundred day moving average price of $112.44. The firm has a market cap of $1.40 billion, a price-to-earnings ratio of 11.37 and a beta of 0.41. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.80 and a quick ratio of 1.77. National HealthCare Co. has a 1-year low of $87.03 and a 1-year high of $138.49.

National HealthCare Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, April 25th. Stockholders of record on Friday, March 28th will be given a dividend of $0.61 per share. The ex-dividend date of this dividend is Friday, March 28th. This represents a $2.44 annualized dividend and a dividend yield of 2.69%. National HealthCare’s dividend payout ratio is currently 37.31%.

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.