Versor Investments LP Invests $445,000 in National HealthCare Co. $NHC

Key Points

• Versor Investments LP has acquired a new stake in National HealthCare Co., purchasing 4,800 shares valued at approximately $445,000.
• National HealthCare has announced a quarterly dividend of $0.64 per share, with the dividend payment scheduled for October 31st.
• Wall Street analysts have upgraded National HealthCare from a "buy" to a "strong-buy" rating, indicating increased confidence in the company's stock performance.

Versor Investments LP purchased a new position in shares of National HealthCare Co. (NYSE:NHC - Free Report) during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 4,800 shares of the company's stock, valued at approximately $445,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in NHC. GAMMA Investing LLC lifted its position in National HealthCare by 10,510.2% during the 1st quarter. GAMMA Investing LLC now owns 31,088 shares of the company's stock worth $2,885,000 after buying an additional 30,795 shares in the last quarter. Nuveen LLC bought a new stake in National HealthCare during the 1st quarter worth about $2,721,000. Sovereign s Capital Management LLC bought a new stake in National HealthCare during the 4th quarter worth about $2,632,000. First Trust Advisors LP raised its holdings in National HealthCare by 75.6% during the 4th quarter. First Trust Advisors LP now owns 47,062 shares of the company's stock worth $5,062,000 after purchasing an additional 20,268 shares during the last quarter. Finally, Alps Advisors Inc. raised its holdings in National HealthCare by 7.7% during the 1st quarter. Alps Advisors Inc. now owns 147,800 shares of the company's stock worth $13,716,000 after purchasing an additional 10,614 shares during the last quarter. Institutional investors and hedge funds own 56.44% of the company's stock.

National HealthCare Stock Down 1.7%

NYSE NHC traded down $2.00 during trading hours on Monday, reaching $112.82. 13,394 shares of the company's stock were exchanged, compared to its average volume of 58,532. The company's 50-day moving average is $102.87 and its two-hundred day moving average is $99.11. National HealthCare Co. has a one year low of $89.14 and a one year high of $137.53. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.77 and a current ratio of 1.80. The company has a market capitalization of $1.75 billion, a price-to-earnings ratio of 14.14 and a beta of 0.58.

National HealthCare Dividend Announcement

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 paid a dividend of $0.64 per share. This represents a $2.56 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date of this dividend is Tuesday, September 30th. National HealthCare's dividend payout ratio is presently 38.15%.

Analyst Upgrades and Downgrades

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

National HealthCare Company 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.