National HealthCare Co. $NHC Shares Acquired by Public Sector Pension Investment Board

Key Points

• The Public Sector Pension Investment Board increased its stake in National HealthCare Co. (NYSE:NHC) by 27.4% during the 1st quarter, now owning 0.25% of the company valued at approximately $3.634 million.
• National HealthCare announced a quarterly dividend of $0.64 per share, with an annualized dividend yield of 2.4%, payable on October 31st.
• Wall Street Zen upgraded National HealthCare from a "buy" to a "strong-buy" rating, reflecting positive sentiment from analysts.

Public Sector Pension Investment Board grew its position in National HealthCare Co. (NYSE:NHC - Free Report) by 27.4% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 39,160 shares of the company's stock after acquiring an additional 8,429 shares during the quarter. Public Sector Pension Investment Board owned about 0.25% of National HealthCare worth $3,634,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Northern Trust Corp lifted its position in shares of National HealthCare by 4.8% in the fourth quarter. Northern Trust Corp now owns 193,792 shares of the company's stock valued at $20,844,000 after acquiring an additional 8,795 shares in the last quarter. Invesco Ltd. increased its holdings in shares of National HealthCare by 2.8% in the fourth quarter. Invesco Ltd. now owns 164,911 shares of the company's stock valued at $17,738,000 after purchasing an additional 4,435 shares during the last quarter. Alps Advisors Inc. increased its holdings in shares of National HealthCare by 7.7% in the first quarter. Alps Advisors Inc. now owns 147,800 shares of the company's stock valued at $13,716,000 after purchasing an additional 10,614 shares during the last quarter. Systematic Financial Management LP increased its holdings 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 last quarter. Finally, Principal Financial Group Inc. increased its holdings in shares of National HealthCare by 2.6% in the first quarter. Principal Financial Group Inc. now owns 65,410 shares of the company's stock valued at $6,070,000 after purchasing an additional 1,671 shares during the last quarter. Hedge funds and other institutional investors own 56.44% of the company's stock.

National HealthCare Trading Up 4.1%

NHC stock traded up $4.52 during midday trading on Friday, hitting $114.82. 48,753 shares of the company's stock were exchanged, compared to its average volume of 58,819. The business has a 50-day simple moving average of $102.87 and a two-hundred day simple moving average of $99.11. The company has a current ratio of 1.80, a quick ratio of 1.77 and a debt-to-equity ratio of 0.14. The stock has a market capitalization of $1.78 billion, a PE ratio of 14.39 and a beta of 0.58. National HealthCare Co. has a 1-year low of $89.14 and a 1-year high of $137.53.

National HealthCare Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 31st. Shareholders 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 annualized dividend and a yield of 2.2%. National HealthCare's dividend payout ratio (DPR) is 38.15%.

Wall Street Analyst Weigh In

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

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.