Goldman Sachs Group Inc. Has $6.85 Million Stock Holdings in National HealthCare Co. $NHC

Key Points

• Goldman Sachs Group Inc. has increased its stake in National HealthCare Co. (NYSE:NHC) by 7.1%, now owning 73,772 shares valued at approximately $6.85 million.
• The company has announced a quarterly dividend of $0.64, payable on October 31, with a dividend yield of 2.2% based on an annualized amount of $2.56.
• As of the recent financial reports, National HealthCare's shares traded at $114.98, showing a significant appreciation with a 12-month high of $136.86.

Goldman Sachs Group Inc. grew its stake in National HealthCare Co. (NYSE:NHC - Free Report) by 7.1% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 73,772 shares of the company's stock after buying an additional 4,879 shares during the quarter. Goldman Sachs Group Inc. owned 0.48% of National HealthCare worth $6,846,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in NHC. State of Wyoming acquired a new position in shares of National HealthCare in the fourth quarter valued at approximately $93,000. Hohimer Wealth Management LLC boosted its holdings in National HealthCare by 6.9% during the first quarter. Hohimer Wealth Management LLC now owns 2,479 shares of the company's stock worth $230,000 after purchasing an additional 160 shares during the last quarter. Royal Bank of Canada boosted its holdings in National HealthCare by 53.6% during the first quarter. Royal Bank of Canada now owns 2,724 shares of the company's stock worth $253,000 after purchasing an additional 950 shares during the last quarter. Quantbot Technologies LP acquired a new position in National HealthCare during the first quarter worth $277,000. Finally, Algert Global LLC acquired a new position in National HealthCare during the first quarter worth $314,000. Institutional investors and hedge funds own 56.44% of the company's stock.

National HealthCare Stock Down 0.0%

NHC traded down $0.04 during trading hours on Friday, hitting $119.03. 31,570 shares of the company's stock were exchanged, compared to its average volume of 57,656. National HealthCare Co. has a 1-year low of $89.14 and a 1-year high of $136.86. The stock's 50-day moving average is $105.95 and its two-hundred day moving average is $101.25. The stock has a market cap of $1.85 billion, a price-to-earnings ratio of 14.92 and a beta of 0.58. The company has a quick ratio of 1.77, a current ratio of 1.80 and a debt-to-equity ratio of 0.14.

National HealthCare Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 31st. Investors of record on Tuesday, September 30th will be issued a dividend of $0.64 per share. The ex-dividend date is Tuesday, September 30th. This represents a $2.56 annualized dividend and a yield of 2.2%. National HealthCare's dividend payout ratio is presently 38.15%.

National HealthCare 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.