Institute for Wealth Management LLC. Makes New $256,000 Investment in National HealthCare Co. $NHC

Institute for Wealth Management LLC. bought a new position in shares of National HealthCare Co. (NYSE:NHC) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 2,389 shares of the company’s stock, valued at approximately $256,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in NHC. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in National HealthCare by 8.5% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 25,618 shares of the company’s stock worth $2,755,000 after buying an additional 2,010 shares during the period. GAMMA Investing LLC grew its position in National HealthCare by 10,510.2% during the first quarter. GAMMA Investing LLC now owns 31,088 shares of the company’s stock worth $2,885,000 after buying an additional 30,795 shares during the period. Rhumbline Advisers grew its position in National HealthCare by 3.2% during the first quarter. Rhumbline Advisers now owns 45,046 shares of the company’s stock worth $4,180,000 after buying an additional 1,377 shares during the period. SG Americas Securities LLC acquired a new position in National HealthCare during the first quarter worth about $655,000. Finally, Principal Financial Group Inc. grew its position in National HealthCare by 2.6% during the first quarter. Principal Financial Group Inc. now owns 65,410 shares of the company’s stock worth $6,070,000 after buying an additional 1,671 shares during the period. 56.44% of the stock is currently owned by institutional investors and hedge funds.

National HealthCare Trading Down 2.3%

Shares of NHC opened at $121.80 on Friday. 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’s 50-day moving average is $110.84 and its two-hundred day moving average is $103.27. National HealthCare Co. has a twelve month low of $89.14 and a twelve month high of $136.86. The firm has a market capitalization of $1.89 billion, a P/E ratio of 15.26 and a beta of 0.58.

National HealthCare Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 31st. Stockholders of record on Tuesday, September 30th will be given a $0.64 dividend. The ex-dividend date is Tuesday, September 30th. This represents a $2.56 annualized dividend and a dividend yield of 2.1%. National HealthCare’s dividend payout ratio is currently 38.15%.

National HealthCare 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.