JPMorgan Chase & Co. Grows Position in National HealthCare Co. (NYSE:NHC)

JPMorgan Chase & Co. boosted its holdings in shares of National HealthCare Co. (NYSE:NHC - Free Report) by 46.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 63,145 shares of the company's stock after purchasing an additional 20,072 shares during the quarter. JPMorgan Chase & Co. owned about 0.41% of National HealthCare worth $6,792,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in NHC. Allworth Financial LP raised its position in shares of National HealthCare by 378.0% during the fourth quarter. Allworth Financial LP now owns 564 shares of the company's stock valued at $61,000 after buying an additional 446 shares during the last quarter. Global Retirement Partners LLC purchased a new stake in National HealthCare in the 4th quarter worth $83,000. Inspire Investing LLC lifted its stake in National HealthCare by 10.5% in the 4th quarter. Inspire Investing LLC now owns 4,092 shares of the company's stock worth $440,000 after purchasing an additional 390 shares in the last quarter. Semanteon Capital Management LP purchased a new position in shares of National HealthCare during the fourth quarter valued at about $564,000. Finally, Exchange Traded Concepts LLC increased its holdings in shares of National HealthCare by 2.6% in the fourth quarter. Exchange Traded Concepts LLC now owns 5,798 shares of the company's stock worth $624,000 after purchasing an additional 145 shares during the last quarter. 56.44% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, StockNews.com downgraded National HealthCare from a "strong-buy" rating to a "buy" rating in a research report on Monday, March 3rd.

National HealthCare Price Performance

NHC stock traded up $2.27 during trading on Tuesday, hitting $92.58. 47,875 shares of the company's stock traded hands, compared to its average volume of 61,205. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.77 and a current ratio of 1.80. National HealthCare Co. has a 52 week low of $89.14 and a 52 week high of $138.49. The business has a fifty day simple moving average of $93.35 and a 200 day simple moving average of $107.02. The stock has a market capitalization of $1.43 billion, a price-to-earnings ratio of 11.60 and a beta of 0.42.

National HealthCare Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 25th. Stockholders of record on Friday, March 28th will be paid a $0.61 dividend. This represents a $2.44 annualized dividend and a dividend yield of 2.64%. The ex-dividend date of this dividend is Friday, March 28th. National HealthCare's payout ratio is 37.31%.

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.