National HealthCare Co. (NYSE:NHC) Shares Bought by GAMMA Investing LLC

GAMMA Investing LLC increased its holdings in shares of National HealthCare Co. (NYSE:NHC) by 10,510.2% in the first quarter, Holdings Channel reports. The firm owned 31,088 shares of the company’s stock after acquiring an additional 30,795 shares during the period. GAMMA Investing LLC’s holdings in National HealthCare were worth $2,885,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Deutsche Bank AG increased its position in National HealthCare by 42.4% in the fourth quarter. Deutsche Bank AG now owns 23,816 shares of the company’s stock worth $2,562,000 after buying an additional 7,088 shares during the period. American Century Companies Inc. grew its stake in National HealthCare by 10.6% during the 4th quarter. American Century Companies Inc. now owns 32,141 shares of the company’s stock valued at $3,457,000 after acquiring an additional 3,084 shares in the last quarter. Bank of Montreal Can lifted its holdings in shares of National HealthCare by 48.7% during the 4th quarter. Bank of Montreal Can now owns 5,684 shares of the company’s stock valued at $611,000 after buying an additional 1,861 shares during the last quarter. Principal Financial Group Inc. lifted its holdings in shares of National HealthCare by 3.5% during the 4th quarter. Principal Financial Group Inc. now owns 63,739 shares of the company’s stock valued at $6,856,000 after buying an additional 2,140 shares during the last quarter. Finally, Invesco Ltd. lifted its holdings in National HealthCare by 2.8% in the 4th quarter. Invesco Ltd. now owns 164,911 shares of the company’s stock worth $17,738,000 after purchasing an additional 4,435 shares during the last quarter. Hedge funds and other institutional investors own 56.44% of the company’s stock.

National HealthCare Trading Down 0.1%

NYSE:NHC opened at $104.56 on Friday. National HealthCare Co. has a 1-year low of $89.14 and a 1-year high of $138.49. The business’s 50-day moving average price is $98.92 and its two-hundred day moving average price is $101.53. 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 firm has a market capitalization of $1.62 billion, a price-to-earnings ratio of 13.10 and a beta of 0.55.

National HealthCare Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, August 1st. Investors of record on Monday, June 30th will be given a dividend of $0.64 per share. The ex-dividend date of this dividend is Monday, June 30th. This is a boost from National HealthCare’s previous quarterly dividend of $0.61. This represents a $2.56 annualized dividend and a yield of 2.45%. National HealthCare’s dividend payout ratio is 36.99%.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen upgraded National HealthCare from a “buy” rating to a “strong-buy” rating in a research report on Monday, May 12th.

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.