GAMMA Investing LLC Grows Stock Holdings in National HealthCare Co. (NYSE:NHC)

GAMMA Investing LLC grew its position in National HealthCare Co. (NYSE:NHC - Free Report) by 10,510.2% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 31,088 shares of the company's stock after acquiring an additional 30,795 shares during the period. GAMMA Investing LLC owned about 0.20% of National HealthCare worth $2,885,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of National HealthCare by 8.5% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 25,618 shares of the company's stock valued at $2,755,000 after purchasing an additional 2,010 shares during the period. Sovereign s Capital Management LLC acquired a new stake in shares of National HealthCare in the fourth quarter valued at about $2,632,000. State of Wyoming acquired a new stake in shares of National HealthCare in the fourth quarter valued at about $93,000. Systematic Financial Management LP lifted its stake in shares of National HealthCare by 3.5% in the fourth quarter. Systematic Financial Management LP now owns 117,884 shares of the company's stock valued at $12,680,000 after purchasing an additional 3,962 shares during the period. Finally, ProShare Advisors LLC lifted its stake in shares of National HealthCare by 45.2% in the fourth quarter. ProShare Advisors LLC now owns 3,761 shares of the company's stock valued at $405,000 after purchasing an additional 1,170 shares during the period. Hedge funds and other institutional investors own 56.44% of the company's stock.

Wall Street Analyst Weigh In

Separately, Wall Street Zen upgraded shares of National HealthCare from a "buy" rating to a "strong-buy" rating in a research report on Monday, May 12th.

National HealthCare Price Performance

NHC traded down $1.46 during midday trading on Friday, reaching $103.10. 55,936 shares of the company's stock were exchanged, compared to its average volume of 55,541. 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 market capitalization of $1.59 billion, a PE ratio of 12.92 and a beta of 0.55. The business's 50-day moving average price is $99.18 and its 200 day moving average price is $101.21. National HealthCare Co. has a 1-year low of $89.14 and a 1-year high of $138.49.

National HealthCare Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, August 1st. Stockholders of record on Monday, June 30th will be issued a dividend of $0.64 per share. The ex-dividend date is Monday, June 30th. This is an increase from National HealthCare's previous quarterly dividend of $0.61. This represents a $2.56 dividend on an annualized basis and a dividend yield of 2.48%. National HealthCare's payout ratio is 36.99%.

National HealthCare Company 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.