Strs Ohio Acquires New Stake in National HealthCare Co. $NHC

Key Points

• Strs Ohio acquired 6,600 shares of National HealthCare Co. valued at approximately $612,000, marking a new position for the fund in the company.
• National HealthCare has recently declared a quarterly dividend of $0.64 per share, set to be paid on October 31st, representing an annualized dividend of $2.56 and a dividend yield of 2.2%.
• The company's stock is currently down 1.6%, with trading at $117.22 and a market capitalization of $1.82 billion.

Strs Ohio acquired a new position in shares of National HealthCare Co. (NYSE:NHC - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 6,600 shares of the company's stock, valued at approximately $612,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. State of Wyoming acquired a new position in National HealthCare during the fourth quarter worth $93,000. Hohimer Wealth Management LLC lifted its holdings in shares of 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. Royal Bank of Canada lifted its holdings in shares of National HealthCare by 53.6% in the first quarter. Royal Bank of Canada now owns 2,724 shares of the company's stock valued at $253,000 after purchasing an additional 950 shares in the last quarter. Quantbot Technologies LP purchased a new stake in shares of National HealthCare in the first quarter valued at about $277,000. Finally, Algert Global LLC purchased a new stake in shares of National HealthCare in the first quarter valued at about $314,000. Institutional investors and hedge funds own 56.44% of the company's stock.

National HealthCare Price Performance

Shares of NYSE NHC traded down $1.49 on Tuesday, hitting $120.83. The company's stock had a trading volume of 47,150 shares, compared to its average volume of 60,696. National HealthCare Co. has a 12-month low of $89.14 and a 12-month high of $136.86. The company has a market capitalization of $1.87 billion, a price-to-earnings ratio of 15.14 and a beta of 0.58. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.80 and a quick ratio of 1.77. The stock has a 50 day moving average of $106.61 and a 200-day moving average of $101.73.

National HealthCare Announces Dividend

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 paid a dividend of $0.64 per share. The ex-dividend date of this dividend is Tuesday, September 30th. This represents a $2.56 dividend on an annualized basis and a dividend yield of 2.1%. National HealthCare's dividend payout ratio (DPR) 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.