11,959 Shares in National HealthCare Co. $NHC Bought by Oak Associates Ltd. OH

Key Points

• Oak Associates Ltd. OH has purchased 11,959 shares of National HealthCare Co. (NYSE:NHC) valued at approximately $1.11 million, representing about 0.08% of the company's stock as of its recent SEC filing.
• The company announced a quarterly dividend of $0.64 per share, which will be paid on October 31st, contributing to an annualized dividend yield of 2.3%.
• National HealthCare's stock has been upgraded from a "buy" to a "strong-buy" rating by Wall Street Zen, indicating positive growth expectations from analysts.

Oak Associates Ltd. OH bought a new stake in National HealthCare Co. (NYSE:NHC - Free Report) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 11,959 shares of the company's stock, valued at approximately $1,110,000. Oak Associates Ltd. OH owned about 0.08% of National HealthCare as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in NHC. State of Wyoming acquired a new stake in National HealthCare in the 4th quarter valued at approximately $93,000. Hohimer Wealth Management LLC increased its holdings in National HealthCare by 6.9% in the 1st quarter. Hohimer Wealth Management LLC now owns 2,479 shares of the company's stock valued at $230,000 after purchasing an additional 160 shares during the last quarter. Quantbot Technologies LP acquired a new stake in National HealthCare in the 1st quarter valued at approximately $277,000. Algert Global LLC purchased a new position in National HealthCare in the 1st quarter valued at approximately $314,000. Finally, NewEdge Advisors LLC boosted its position in National HealthCare by 13.9% in the 4th quarter. NewEdge Advisors LLC now owns 3,370 shares of the company's stock valued at $362,000 after buying an additional 411 shares during the period. Institutional investors and hedge funds own 56.44% of the company's stock.

National HealthCare Stock Up 0.3%

Shares of National HealthCare stock traded up $0.31 during trading on Monday, hitting $113.48. 33,723 shares of the stock were exchanged, compared to its average volume of 58,129. The stock has a market cap of $1.76 billion, a price-to-earnings ratio of 14.22 and a beta of 0.58. The firm's 50-day moving average price is $103.69 and its 200 day moving average price is $99.50. National HealthCare Co. has a 12-month low of $89.14 and a 12-month high of $137.53. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.80 and a quick ratio of 1.77.

National HealthCare Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 31st. Stockholders of record on Tuesday, September 30th will be given a dividend of $0.64 per share. This represents a $2.56 annualized dividend and a dividend yield of 2.3%. The ex-dividend date of this dividend is Tuesday, September 30th. National HealthCare's payout ratio is 38.15%.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen raised shares of National HealthCare from a "buy" rating to a "strong-buy" rating in a research 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.