Nuveen LLC Acquires New Shares in National HealthCare Co. $NHC

Key Points

• Nuveen LLC invested approximately $2.72 million in National HealthCare Co. by acquiring 29,322 shares, increasing its ownership to 0.19% by the end of the latest quarter.
• National HealthCare recently declared a quarterly dividend of $0.64 per share, with an annualized yield of 2.3%, set to be paid on October 31st.
• Wall Street analysts have upgraded National HealthCare from a "buy" to a "strong-buy" rating, indicating anticipated growth for the company.

Nuveen LLC acquired a new stake in National HealthCare Co. (NYSE:NHC - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 29,322 shares of the company's stock, valued at approximately $2,721,000. Nuveen LLC owned approximately 0.19% of National HealthCare at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of NHC. State of Wyoming purchased a new position in National HealthCare in the 4th quarter valued at approximately $93,000. Hohimer Wealth Management LLC lifted its position in shares of National HealthCare by 6.9% in the first quarter. Hohimer Wealth Management LLC now owns 2,479 shares of the company's stock valued at $230,000 after acquiring an additional 160 shares in the last quarter. XTX Topco Ltd boosted its stake in shares of National HealthCare by 51.3% during the first quarter. XTX Topco Ltd now owns 4,030 shares of the company's stock valued at $374,000 after acquiring an additional 1,367 shares during the last quarter. ProShare Advisors LLC boosted its stake in shares of National HealthCare by 45.2% during the fourth quarter. ProShare Advisors LLC now owns 3,761 shares of the company's stock valued at $405,000 after acquiring an additional 1,170 shares during the last quarter. Finally, Susquehanna Fundamental Investments LLC acquired a new stake in shares of National HealthCare during the fourth quarter valued at $406,000. 56.44% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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

National HealthCare Stock Up 0.1%

NHC stock traded up $0.09 during midday trading on Tuesday, hitting $113.57. 10,002 shares of the company's stock were exchanged, compared to its average volume of 57,833. The company has a current ratio of 1.80, a quick ratio of 1.77 and a debt-to-equity ratio of 0.14. National HealthCare Co. has a 12-month low of $89.14 and a 12-month high of $136.88. The firm has a 50 day moving average price of $103.83 and a 200-day moving average price of $99.57. The stock has a market capitalization of $1.76 billion, a price-to-earnings ratio of 14.23 and a beta of 0.58.

National HealthCare Dividend Announcement

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