Summit Global Investments Grows Position in National HealthCare Co. (NYSE:NHC)

Summit Global Investments boosted its stake in National HealthCare Co. (NYSE:NHC) by 65.5% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 10,631 shares of the company’s stock after purchasing an additional 4,208 shares during the quarter. Summit Global Investments owned about 0.07% of National HealthCare worth $1,143,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of the stock. Exchange Traded Concepts LLC grew its holdings in National HealthCare by 2.6% in the fourth quarter. Exchange Traded Concepts LLC now owns 5,798 shares of the company’s stock valued at $624,000 after purchasing an additional 145 shares during the period. Pinnacle Financial Partners Inc lifted its position in National HealthCare by 0.9% during the fourth quarter. Pinnacle Financial Partners Inc now owns 15,597 shares of the company’s stock valued at $1,678,000 after buying an additional 145 shares in the last quarter. Inspire Investing LLC lifted its position in National HealthCare by 10.5% during the fourth quarter. Inspire Investing LLC now owns 4,092 shares of the company’s stock valued at $440,000 after buying an additional 390 shares in the last quarter. Franklin Resources Inc. lifted its position in National HealthCare by 6.5% during the third quarter. Franklin Resources Inc. now owns 6,655 shares of the company’s stock valued at $806,000 after buying an additional 409 shares in the last quarter. Finally, Allworth Financial LP lifted its position in National HealthCare by 378.0% during the fourth quarter. Allworth Financial LP now owns 564 shares of the company’s stock valued at $61,000 after buying an additional 446 shares in the last quarter. 56.44% of the stock is currently owned by hedge funds and other institutional investors.

National HealthCare Trading Down 0.6 %

Shares of NHC stock opened at $90.72 on Friday. The firm’s 50 day moving average price is $96.99 and its two-hundred day moving average price is $112.44. National HealthCare Co. has a fifty-two week low of $87.03 and a fifty-two week high of $138.49. The company has a quick ratio of 1.77, a current ratio of 1.80 and a debt-to-equity ratio of 0.14. The stock has a market cap of $1.40 billion, a price-to-earnings ratio of 11.37 and a beta of 0.41.

National HealthCare Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, April 25th. Stockholders of record on Friday, March 28th will be given a dividend of $0.61 per share. The ex-dividend date is Friday, March 28th. This represents a $2.44 dividend on an annualized basis and a dividend yield of 2.69%. National HealthCare’s payout ratio is currently 37.31%.

Analyst Ratings Changes

Separately, StockNews.com cut shares of National HealthCare from a “strong-buy” rating to a “buy” rating in a research report on Monday, March 3rd.

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.