BNP Paribas Arbitrage SA Grows Stake in National HealthCare Co. (NHC)
BNP Paribas Arbitrage SA increased its position in shares of National HealthCare Co. (NYSEMKT:NHC) by 286.1% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,081 shares of the company’s stock after purchasing an additional 1,542 shares during the period. BNP Paribas Arbitrage SA’s holdings in National HealthCare were worth $146,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Cigna Investments Inc. New bought a new stake in shares of National HealthCare during the second quarter valued at approximately $242,000. Bowling Portfolio Management LLC bought a new stake in shares of National HealthCare during the second quarter valued at approximately $870,000. Russell Investments Group Ltd. increased its position in shares of National HealthCare by 1.6% during the second quarter. Russell Investments Group Ltd. now owns 56,013 shares of the company’s stock valued at $3,929,000 after purchasing an additional 904 shares during the period. Sei Investments Co. increased its position in shares of National HealthCare by 70.8% during the second quarter. Sei Investments Co. now owns 4,121 shares of the company’s stock valued at $289,000 after purchasing an additional 1,708 shares during the period. Finally, Legal & General Group Plc increased its position in shares of National HealthCare by 3.0% during the second quarter. Legal & General Group Plc now owns 2,769 shares of the company’s stock valued at $195,000 after purchasing an additional 81 shares during the period.
Shares of National HealthCare Co. (NYSEMKT NHC) opened at 62.54 on Thursday. National HealthCare Co. has a 12 month low of $57.73 and a 12 month high of $78.99. The firm has a 50-day moving average price of $62.82 and a 200-day moving average price of $68.94. The company has a market capitalization of $950.30 million, a PE ratio of 19.67 and a beta of 0.91.
National HealthCare (NYSEMKT:NHC) last posted its quarterly earnings data on Friday, August 4th. The company reported $0.70 EPS for the quarter. National HealthCare had a return on equity of 6.26% and a net margin of 4.41%. The firm had revenue of $239.46 million for the quarter. On average, equities research analysts predict that National HealthCare Co. will post $2.54 EPS for the current year.
National HealthCare declared that its board has approved a share buyback program on Wednesday, August 9th that authorizes the company to buyback $25.00 million in outstanding shares. This buyback authorization authorizes the company to reacquire shares of its stock through open market purchases. Stock buyback programs are often an indication that the company’s board of directors believes its shares are undervalued.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 1st. Shareholders of record on Friday, September 29th will be paid a dividend of $0.48 per share. The ex-dividend date of this dividend is Thursday, September 28th. This represents a $1.92 dividend on an annualized basis and a yield of 3.07%. National HealthCare’s dividend payout ratio (DPR) is presently 52.94%.
Separately, BidaskClub upgraded National HealthCare from a “strong sell” rating to a “sell” rating in a research report on Friday, August 11th.
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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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