16,790 Shares in National HealthCare Co. (NYSEAMERICAN:NHC) Acquired by WESPAC Advisors LLC

WESPAC Advisors LLC acquired a new position in shares of National HealthCare Co. (NYSEAMERICAN:NHC - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 16,790 shares of the company's stock, valued at approximately $1,552,000. National HealthCare accounts for approximately 1.1% of WESPAC Advisors LLC's portfolio, making the stock its 21st largest position. WESPAC Advisors LLC owned approximately 0.11% of National HealthCare as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of NHC. International Assets Investment Management LLC grew its holdings in National HealthCare by 9,150.0% during the fourth quarter. International Assets Investment Management LLC now owns 370 shares of the company's stock worth $34,000 after acquiring an additional 366 shares during the period. Lazard Asset Management LLC acquired a new stake in National HealthCare in the second quarter valued at $37,000. Captrust Financial Advisors grew its holdings in National HealthCare by 57.1% in the second quarter. Captrust Financial Advisors now owns 655 shares of the company's stock valued at $46,000 after purchasing an additional 238 shares during the last quarter. Blue Trust Inc. acquired a new stake in National HealthCare in the fourth quarter valued at $46,000. Finally, Ensign Peak Advisors Inc acquired a new stake in National HealthCare in the third quarter valued at $47,000. Institutional investors and hedge funds own 56.44% of the company's stock.

National HealthCare Trading Down 1.1 %

NYSEAMERICAN NHC traded down $1.05 during trading hours on Tuesday, hitting $90.88. 38,397 shares of the company's stock were exchanged, compared to its average volume of 79,391. National HealthCare Co. has a 12-month low of $55.50 and a 12-month high of $101.81. The company has a market capitalization of $1.40 billion, a PE ratio of 21.00 and a beta of 0.36.

National HealthCare (NYSEAMERICAN:NHC - Get Free Report) last released its quarterly earnings data on Friday, February 16th. The company reported $0.98 EPS for the quarter. The company had revenue of $300.91 million for the quarter. National HealthCare had a return on equity of 6.03% and a net margin of 5.85%.

National HealthCare Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 1st. Stockholders of record on Friday, March 29th will be issued a $0.59 dividend. The ex-dividend date of this dividend is Wednesday, March 27th. This represents a $2.36 dividend on an annualized basis and a dividend yield of 2.60%. National HealthCare's dividend payout ratio (DPR) is 54.50%.

Analysts Set New Price Targets

Separately, StockNews.com upgraded National HealthCare from a "buy" rating to a "strong-buy" rating in a research report on Friday, February 9th.

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.