Nisa Investment Advisors LLC trimmed its stake in shares of National HealthCare Co. (NYSEAMERICAN:NHC) by 44.4% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,000 shares of the company’s stock after selling 800 shares during the quarter. Nisa Investment Advisors LLC’s holdings in National HealthCare were worth $78,000 at the end of the most recent reporting period.
A number of other hedge funds also recently added to or reduced their stakes in NHC. Public Employees Retirement System of Ohio boosted its stake in National HealthCare by 35.3% during the fourth quarter. Public Employees Retirement System of Ohio now owns 878 shares of the company’s stock worth $58,000 after acquiring an additional 229 shares in the last quarter. Lazard Asset Management LLC purchased a new position in shares of National HealthCare in the fourth quarter worth about $67,000. SG Americas Securities LLC bought a new position in shares of National HealthCare in the fourth quarter valued at approximately $164,000. State Board of Administration of Florida Retirement System bought a new position in shares of National HealthCare in the fourth quarter valued at approximately $201,000. Finally, Tudor Investment Corp Et Al bought a new stake in National HealthCare during the fourth quarter valued at approximately $224,000. Institutional investors and hedge funds own 44.16% of the company’s stock.
Shares of National HealthCare stock opened at $70.51 on Wednesday. The company has a market capitalization of $1.09 billion, a price-to-earnings ratio of 38.96 and a beta of 0.19. The company has a current ratio of 1.63, a quick ratio of 1.60 and a debt-to-equity ratio of 0.02. National HealthCare Co. has a 1 year low of $55.88 and a 1 year high of $79.73. The company’s 50 day moving average is $66.31.
The firm also recently declared a quarterly dividend, which will be paid on Monday, August 2nd. Stockholders of record on Wednesday, June 30th will be given a dividend of $0.52 per share. This represents a $2.08 annualized dividend and a dividend yield of 2.95%. The ex-dividend date is Tuesday, June 29th.
About National HealthCare
National HealthCare Corporation operates, manages, and provides services to skilled nursing facilities, assisted living facilities, independent living facilities, home health care programs, and a behavioral health hospital. 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.
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