Institute for Wealth Management LLC. Invests $256,000 in National HealthCare Co. $NHC

Key Points

• Institute for Wealth Management LLC has invested approximately $256,000 in National HealthCare Co. by acquiring 2,389 shares, reflecting ongoing institutional interest in the company.
• National HealthCare recently declared a quarterly dividend of $0.64 per share, which will be payable on October 31st, with a dividend yield of 2.1%.
• The company's stock has shown volatility, with a 52-week low of $89.14 and a high of $136.86, and its current trading price is around $121.80.

Institute for Wealth Management LLC. acquired a new position in shares of National HealthCare Co. (NYSE:NHC - Free Report) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 2,389 shares of the company's stock, valued at approximately $256,000.

A number of other large investors also recently modified their holdings of NHC. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of National HealthCare by 8.5% in the 4th 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 last quarter. GAMMA Investing LLC raised its holdings 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 buying an additional 30,795 shares during the last quarter. Rhumbline Advisers raised its holdings in shares of National HealthCare by 3.2% in the first quarter. Rhumbline Advisers now owns 45,046 shares of the company's stock valued at $4,180,000 after buying an additional 1,377 shares during the last quarter. SG Americas Securities LLC purchased a new stake in shares of National HealthCare in the first quarter valued at about $655,000. Finally, Principal Financial Group Inc. increased its stake in shares of National HealthCare by 2.6% during the first quarter. Principal Financial Group Inc. now owns 65,410 shares of the company's stock worth $6,070,000 after acquiring an additional 1,671 shares during the period. 56.44% of the stock is owned by hedge funds and other institutional investors.

National HealthCare Trading Down 2.3%

Shares of National HealthCare stock opened at $121.80 on Friday. National HealthCare Co. has a 52-week low of $89.14 and a 52-week high of $136.86. The company has a quick ratio of 1.77, a current ratio of 1.80 and a debt-to-equity ratio of 0.14. The company's 50-day simple moving average is $110.84 and its 200-day simple moving average is $103.27. The firm has a market cap of $1.89 billion, a price-to-earnings ratio of 15.26 and a beta of 0.58.

National HealthCare Dividend Announcement

The company also recently declared 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. This represents a $2.56 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date is Tuesday, September 30th. National HealthCare's payout ratio is 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.

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