Bahl & Gaynor Inc. Has $840,000 Position in National HealthCare Co. (NHC)
Bahl & Gaynor Inc. reduced its position in shares of National HealthCare Co. (NYSEMKT:NHC) by 2.2% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 11,080 shares of the company’s stock after selling 250 shares during the period. Bahl & Gaynor Inc. owned about 0.07% of National HealthCare worth $840,000 at the end of the most recent quarter.
A number of other hedge funds have also recently made changes to their positions in the stock. Bank of New York Mellon Corp lifted its holdings in National HealthCare by 0.5% during the 2nd quarter. Bank of New York Mellon Corp now owns 131,542 shares of the company’s stock valued at $9,226,000 after purchasing an additional 719 shares during the last quarter. Russell Investments Group Ltd. raised its stake in shares of National HealthCare by 1.6% in the second quarter. Russell Investments Group Ltd. now owns 56,013 shares of the company’s stock worth $3,929,000 after acquiring an additional 904 shares during the last quarter. Schwab Charles Investment Management Inc. raised its stake in shares of National HealthCare by 0.8% in the second quarter. Schwab Charles Investment Management Inc. now owns 44,843 shares of the company’s stock worth $3,146,000 after acquiring an additional 356 shares during the last quarter. Martingale Asset Management L P raised its stake in shares of National HealthCare by 5.3% in the second quarter. Martingale Asset Management L P now owns 41,704 shares of the company’s stock worth $2,926,000 after acquiring an additional 2,100 shares during the last quarter. Finally, Prudential Financial Inc. raised its stake in shares of National HealthCare by 13.9% in the second quarter. Prudential Financial Inc. now owns 37,866 shares of the company’s stock worth $2,656,000 after acquiring an additional 4,610 shares during the last quarter.
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Separately, BidaskClub downgraded shares of National HealthCare from a “sell” rating to a “strong sell” rating in a research note on Saturday, August 19th.
National HealthCare Co. (NYSEMKT NHC) opened at 62.99 on Monday. National HealthCare Co. has a 52 week low of $57.73 and a 52 week high of $78.99. The firm has a 50 day moving average of $63.05 and a 200-day moving average of $69.21. The company has a market capitalization of $957.13 million, a P/E ratio of 19.81 and a beta of 0.91.
National HealthCare (NYSEMKT:NHC) last posted its earnings results on Friday, August 4th. The company reported $0.70 EPS for the quarter. The firm had revenue of $239.46 million during the quarter. National HealthCare had a net margin of 4.41% and a return on equity of 6.26%. On average, analysts forecast that National HealthCare Co. will post $2.54 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, December 1st. Stockholders of record on Friday, September 29th will be issued a $0.48 dividend. The ex-dividend date is Thursday, September 28th. This represents a $1.92 dividend on an annualized basis and a dividend yield of 3.05%. National HealthCare’s dividend payout ratio (DPR) is currently 52.94%.
National HealthCare declared that its board has approved a share repurchase program on Wednesday, August 9th that authorizes the company to repurchase $25.00 million in shares. This repurchase authorization authorizes the company to reacquire shares of its stock through open market purchases. Shares repurchase programs are usually a sign that the company’s management believes its shares are undervalued.
National HealthCare Profile
National HealthCare Corporation (NHC) is engaged in the operation of skilled nursing facilities, assisted living facilities, independent living facilities and homecare programs. The Company is engaged in the post-acute healthcare industry segment. Its business activities include providing sub-acute and post-acute skilled nursing care, intermediate nursing care, rehabilitative care, memory and Alzheimer’s care, senior living services, and home healthcare services.
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