Swiss National Bank Purchases 900 Shares of National HealthCare Co. (NYSEAMERICAN:NHC)

Swiss National Bank lifted its position in National HealthCare Co. (NYSEAMERICAN:NHC – Get Rating) by 2.6% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 35,530 shares of the company’s stock after purchasing an additional 900 shares during the quarter. Swiss National Bank owned about 0.23% of National HealthCare worth $2,114,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in NHC. Invesco Ltd. increased its holdings in shares of National HealthCare by 1,224.5% in the first quarter. Invesco Ltd. now owns 296,852 shares of the company’s stock worth $20,848,000 after purchasing an additional 274,439 shares during the last quarter. Legato Capital Management LLC purchased a new position in National HealthCare in the fourth quarter worth about $1,549,000. Dimensional Fund Advisors LP grew its position in National HealthCare by 3.1% in the third quarter. Dimensional Fund Advisors LP now owns 820,653 shares of the company’s stock worth $51,983,000 after acquiring an additional 25,003 shares in the last quarter. Vanguard Group Inc. grew its position in National HealthCare by 1.6% in the third quarter. Vanguard Group Inc. now owns 1,410,165 shares of the company’s stock worth $89,320,000 after acquiring an additional 22,445 shares in the last quarter. Finally, Systematic Financial Management LP grew its position in National HealthCare by 19.0% in the third quarter. Systematic Financial Management LP now owns 108,900 shares of the company’s stock worth $6,898,000 after acquiring an additional 17,400 shares in the last quarter. 45.20% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, StockNews.com started coverage on National HealthCare in a research report on Thursday, May 18th. They issued a “buy” rating for the company.

National HealthCare Stock Up 0.8 %

Shares of NYSEAMERICAN:NHC opened at $59.01 on Friday. National HealthCare Co. has a 1 year low of $51.56 and a 1 year high of $72.22. The company’s 50 day simple moving average is $57.12. The stock has a market capitalization of $905.80 million, a price-to-earnings ratio of 48.37 and a beta of 0.29.

National HealthCare Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, July 31st. Shareholders of record on Friday, June 30th will be given a dividend of $0.59 per share. This represents a $2.36 annualized dividend and a dividend yield of 4.00%. The ex-dividend date is Thursday, June 29th. This is a positive change from National HealthCare’s previous quarterly dividend of $0.57. National HealthCare’s payout ratio is 186.89%.

Insider Buying and Selling at National HealthCare

In other National HealthCare news, Director Ernest G. Burgess III bought 2,300 shares of the company’s stock in a transaction on Monday, May 15th. The stock was acquired at an average price of $58.85 per share, for a total transaction of $135,355.00. Following the completion of the transaction, the director now directly owns 83,000 shares of the company’s stock, valued at $4,884,550. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Company insiders own 13.90% of the company’s stock.

National HealthCare Profile

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National HealthCare Corp. engages in the provision of nursing facilities, assisted living facilities, independent living facilities and homecare programs. It provides sub and post-acute nursing care, intermediate nursing care, rehabilitative care, senior living services and home health care services.