Intech Investment Management LLC Makes New $401,000 Investment in National HealthCare Co. (NYSE:NHC)

Intech Investment Management LLC acquired a new position in National HealthCare Co. (NYSE:NHC) during the 3rd quarter, Holdings Channel.com reports. The institutional investor acquired 3,189 shares of the company’s stock, valued at approximately $401,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Price T Rowe Associates Inc. MD increased its holdings in shares of National HealthCare by 6.2% in the first quarter. Price T Rowe Associates Inc. MD now owns 7,573 shares of the company’s stock valued at $716,000 after buying an additional 439 shares in the last quarter. Teachers Retirement System of The State of Kentucky raised its holdings in National HealthCare by 12.0% during the 1st quarter. Teachers Retirement System of The State of Kentucky now owns 4,480 shares of the company’s stock worth $423,000 after buying an additional 480 shares during the period. GAMMA Investing LLC boosted its holdings in shares of National HealthCare by 196.2% in the second quarter. GAMMA Investing LLC now owns 231 shares of the company’s stock worth $25,000 after buying an additional 153 shares during the period. Blue Trust Inc. increased its position in shares of National HealthCare by 6,700.0% in the second quarter. Blue Trust Inc. now owns 2,040 shares of the company’s stock worth $221,000 after acquiring an additional 2,010 shares in the last quarter. Finally, Summit Global Investments lifted its position in shares of National HealthCare by 32.7% in the 2nd quarter. Summit Global Investments now owns 10,751 shares of the company’s stock valued at $1,165,000 after acquiring an additional 2,650 shares in the last quarter. 56.44% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at National HealthCare

In other National HealthCare news, SVP Brian F. Kidd sold 2,000 shares of the stock in a transaction on Wednesday, September 4th. The shares were sold at an average price of $130.01, for a total transaction of $260,020.00. Following the transaction, the senior vice president now directly owns 21,747 shares of the company’s stock, valued at $2,827,327.47. This represents a 8.42 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 13.75% of the company’s stock.

National HealthCare Trading Up 1.7 %

Shares of NYSE NHC opened at $127.36 on Tuesday. The firm has a market capitalization of $1.97 billion, a PE ratio of 15.75 and a beta of 0.41. National HealthCare Co. has a one year low of $82.85 and a one year high of $138.49. 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 business has a 50-day moving average price of $123.75 and a two-hundred day moving average price of $120.09.

National HealthCare Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Monday, December 30th will be paid a $0.61 dividend. This represents a $2.44 dividend on an annualized basis and a dividend yield of 1.92%. The ex-dividend date of this dividend is Monday, December 30th. National HealthCare’s dividend payout ratio (DPR) is presently 30.58%.

Analysts Set New Price Targets

Separately, StockNews.com raised shares of National HealthCare from a “buy” rating to a “strong-buy” rating in a research note on Saturday, November 16th.

National HealthCare Company 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.