Louisiana State Employees Retirement System Takes Position in National HealthCare Corporation $NHC

Louisiana State Employees Retirement System acquired a new position in shares of National HealthCare Corporation (NYSEAMERICAN:NHC) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 5,500 shares of the company’s stock, valued at approximately $878,000.

A number of other institutional investors and hedge funds have also bought and sold shares of NHC. Ritholtz Wealth Management bought a new position in National HealthCare in the first quarter valued at about $589,000. Corient Private Wealth LLC increased its stake in shares of National HealthCare by 3.3% in the fourth quarter. Corient Private Wealth LLC now owns 4,499 shares of the company’s stock valued at $617,000 after buying an additional 144 shares during the period. Susquehanna Portfolio Strategies LLC increased its stake in shares of National HealthCare by 47.8% in the fourth quarter. Susquehanna Portfolio Strategies LLC now owns 8,346 shares of the company’s stock valued at $1,144,000 after buying an additional 2,700 shares during the period. Occudo Quantitative Strategies LP bought a new position in National HealthCare in the 4th quarter valued at approximately $739,000. Finally, Gotham Asset Management LLC bought a new position in National HealthCare in the 4th quarter valued at approximately $348,000. Institutional investors and hedge funds own 56.44% of the company’s stock.

National HealthCare Price Performance

Shares of NYSEAMERICAN:NHC opened at $218.44 on Monday. The company has a market capitalization of $3.41 billion, a price-to-earnings ratio of 27.76 and a beta of 0.63. National HealthCare Corporation has a 1 year low of $93.54 and a 1 year high of $219.03. The business’s 50-day moving average is $191.83 and its 200-day moving average is $167.11.

National HealthCare (NYSEAMERICAN:NHC) last issued its earnings results on Thursday, May 7th. The company reported $1.91 EPS for the quarter. National HealthCare had a return on equity of 9.98% and a net margin of 8.10%.The company had revenue of $381.82 million during the quarter.

National HealthCare Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 31st. Investors of record on Tuesday, June 30th will be given a $0.67 dividend. This represents a $2.68 annualized dividend and a yield of 1.2%. The ex-dividend date of this dividend is Tuesday, June 30th. This is an increase from National HealthCare’s previous quarterly dividend of $0.64. National HealthCare’s payout ratio is 61.89%.

Analysts Set New Price Targets

A number of research firms have weighed in on NHC. The Goldman Sachs Group raised shares of National HealthCare to a “strong-buy” rating in a report on Monday, May 18th. Royal Bank Of Canada raised shares of National HealthCare to a “hold” rating in a research note on Monday, May 18th. Robert W. Baird raised National HealthCare to a “strong-buy” rating in a research report on Monday, May 18th. Finally, BMO Capital Markets raised National HealthCare to a “hold” rating in a report on Monday, May 18th. Two equities research analysts have rated the stock with a Strong Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Buy”.

Insider Transactions at National HealthCare

In other National HealthCare news, Director Lisa Piercey purchased 949 shares of the firm’s stock in a transaction on Monday, June 1st. The stock was acquired at an average price of $184.26 per share, for a total transaction of $174,862.74. Following the purchase, the director owned 949 shares of the company’s stock, valued at $174,862.74. This trade represents a ∞ increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders own 13.92% of the company’s stock.

National HealthCare Company Profile

National HealthCare Corporation (NYSE American: NHC) is a healthcare services company specializing in long-term care and post-acute rehabilitation. The company operates skilled nursing facilities, assisted living communities and outpatient therapy clinics. Through its subsidiary, National HealthCare Partners, NHC provides contract rehabilitation services, pharmacy management and clinical consulting to a broad network of senior living and healthcare providers.

Headquartered in Murfreesboro, Tennessee, National HealthCare Corporation has built a regional footprint across the southeastern and south-central United States.