New York State Teachers Retirement System Makes New $277,000 Investment in National HealthCare Co. (NYSEAMERICAN:NHC)

New York State Teachers Retirement System purchased a new position in shares of National HealthCare Co. (NYSEAMERICAN:NHC) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 3,000 shares of the company’s stock, valued at approximately $277,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in NHC. International Assets Investment Management LLC grew its position in shares of National HealthCare by 9,150.0% during the 4th quarter. International Assets Investment Management LLC now owns 370 shares of the company’s stock worth $34,000 after buying an additional 366 shares in the last quarter. Lazard Asset Management LLC bought a new position in shares of National HealthCare during the 2nd quarter worth $37,000. Captrust Financial Advisors grew its position in shares of National HealthCare by 57.1% during the 2nd quarter. Captrust Financial Advisors now owns 655 shares of the company’s stock worth $46,000 after buying an additional 238 shares in the last quarter. Blue Trust Inc. bought a new position in shares of National HealthCare during the 4th quarter worth $46,000. Finally, Ensign Peak Advisors Inc bought a new stake in National HealthCare during the third quarter valued at about $47,000. Institutional investors own 56.44% of the company’s stock.

Wall Street Analysts Forecast Growth

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

National HealthCare Price Performance

Shares of NYSEAMERICAN NHC opened at $90.62 on Friday. The stock has a market capitalization of $1.40 billion, a price-to-earnings ratio of 20.93 and a beta of 0.36. National HealthCare Co. has a fifty-two week low of $55.50 and a fifty-two week high of $101.81.

National HealthCare (NYSEAMERICAN:NHC) last issued its quarterly earnings results on Friday, February 16th. The company reported $0.98 earnings per share for the quarter. The business had revenue of $300.91 million during the quarter. National HealthCare had a return on equity of 6.03% and a net margin of 5.85%.

National HealthCare Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, May 1st. Shareholders of record on Friday, March 29th will be issued a $0.59 dividend. This represents a $2.36 annualized dividend and a yield of 2.60%. The ex-dividend date is Wednesday, March 27th. National HealthCare’s dividend payout ratio is presently 54.50%.

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.