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

Other large investors have also modified their holdings of the company. Sterling Capital Management LLC lifted its stake in shares of National HealthCare by 809.1% in the 4th quarter. Sterling Capital Management LLC now owns 400 shares of the company's stock valued at $43,000 after purchasing an additional 356 shares during the last quarter. State of Wyoming acquired a new position in shares of National HealthCare in the 4th quarter valued at $93,000. Hohimer Wealth Management LLC lifted its stake in shares of 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. XTX Topco Ltd acquired a new position in National HealthCare during the 4th quarter worth about $286,000. Finally, NewEdge Advisors LLC lifted its stake in National HealthCare by 13.9% during the 4th quarter. NewEdge Advisors LLC now owns 3,370 shares of the company's stock worth $362,000 after acquiring an additional 411 shares in the last quarter. Institutional investors and hedge funds own 56.44% of the company's stock.

National HealthCare Trading Down 0.5%

NHC traded down $0.57 during mid-day trading on Tuesday, hitting $111.41. 33,194 shares of the stock were exchanged, compared to its average volume of 58,562. The firm's fifty day moving average is $103.25 and its two-hundred day moving average is $99.28. National HealthCare Co. has a 1-year low of $89.14 and a 1-year high of $137.53. 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 company has a market cap of $1.73 billion, a PE ratio of 13.96 and a beta of 0.58.

National HealthCare Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, October 31st. Shareholders 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 2.3%. National HealthCare's dividend payout ratio 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 research note 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.