3,380 Shares in National HealthCare Co. $NHC Bought by Algert Global LLC

Key Points

• Algert Global LLC has acquired a new stake in National HealthCare Co. (NYSE:NHC), purchasing 3,380 shares valued at approximately $314,000.
• The company announced a quarterly dividend of $0.64, to be paid on October 31st, representing an annual yield of 2.2%.
• National HealthCare's stock has increased by 4.1% recently, with current shares trading around $114.82.

Algert Global LLC bought a new position in National HealthCare Co. (NYSE:NHC - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 3,380 shares of the company's stock, valued at approximately $314,000.

Several other hedge funds have also modified their holdings of NHC. Wells Fargo & Company MN boosted its position in shares of National HealthCare by 27.9% in the fourth quarter. Wells Fargo & Company MN now owns 7,332 shares of the company's stock worth $789,000 after acquiring an additional 1,598 shares during the last quarter. Barclays PLC boosted its position in shares of National HealthCare by 5.6% in the fourth quarter. Barclays PLC now owns 22,247 shares of the company's stock worth $2,392,000 after acquiring an additional 1,184 shares during the last quarter. NewEdge Advisors LLC boosted its position in shares of 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 acquiring an additional 411 shares during the last quarter. First Trust Advisors LP boosted its position in shares of National HealthCare by 75.6% in the fourth quarter. First Trust Advisors LP now owns 47,062 shares of the company's stock worth $5,062,000 after acquiring an additional 20,268 shares during the last quarter. Finally, MetLife Investment Management LLC boosted its position in shares of National HealthCare by 6.1% in the fourth quarter. MetLife Investment Management LLC now owns 7,598 shares of the company's stock worth $817,000 after acquiring an additional 436 shares during the last quarter. 56.44% of the stock is 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 research report on Monday, May 12th.

National HealthCare Trading Up 1.1%

NHC stock traded up $1.20 during midday trading on Thursday, reaching $113.17. 42,878 shares of the company's stock traded hands, compared to its average volume of 58,279. The company has a market capitalization of $1.75 billion, a P/E ratio of 14.18 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. National HealthCare Co. has a fifty-two week low of $89.14 and a fifty-two week high of $137.53. The business has a 50-day moving average price of $103.37 and a two-hundred day moving average price of $99.37.

National HealthCare Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 31st. Stockholders of record on Tuesday, September 30th will be paid a dividend of $0.64 per share. The ex-dividend date is Tuesday, September 30th. This represents a $2.56 dividend on an annualized basis and a dividend yield of 2.3%. National HealthCare's dividend payout ratio (DPR) is currently 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.