National HealthCare Corporation $NHC Shares Purchased by JPMorgan Chase & Co.

JPMorgan Chase & Co. boosted its stake in National HealthCare Corporation (NYSEAMERICAN:NHC) by 7.2% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 55,210 shares of the company’s stock after buying an additional 3,698 shares during the period. JPMorgan Chase & Co. owned approximately 0.36% of National HealthCare worth $6,709,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the stock. Caitong International Asset Management Co. Ltd acquired a new stake in shares of National HealthCare during the third quarter valued at about $25,000. Wexford Capital LP acquired a new position in shares of National HealthCare in the 3rd quarter worth approximately $94,000. Quarry LP lifted its holdings in shares of National HealthCare by 171.9% in the 3rd quarter. Quarry LP now owns 261 shares of the company’s stock worth $32,000 after acquiring an additional 165 shares during the last quarter. Mariner LLC boosted its position in shares of National HealthCare by 11.7% during the 3rd quarter. Mariner LLC now owns 6,780 shares of the company’s stock worth $824,000 after purchasing an additional 709 shares during the period. Finally, Militia Capital Partners LP purchased a new position in shares of National HealthCare during the 3rd quarter worth approximately $656,000. Hedge funds and other institutional investors own 56.44% of the company’s stock.

National HealthCare Stock Performance

National HealthCare stock opened at $159.70 on Wednesday. The company has a market capitalization of $2.48 billion, a PE ratio of 20.82 and a beta of 0.60. National HealthCare Corporation has a fifty-two week low of $89.14 and a fifty-two week high of $174.54. The firm has a 50 day moving average price of $158.56 and a 200 day moving average price of $139.41.

National HealthCare (NYSEAMERICAN:NHC) last released its quarterly earnings results on Thursday, February 26th. The company reported $1.83 EPS for the quarter. National HealthCare had a return on equity of 9.59% and a net margin of 7.91%.The company had revenue of $386.51 million for the quarter.

National HealthCare Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, April 30th. Investors of record on Tuesday, March 31st will be paid a dividend of $0.64 per share. The ex-dividend date of this dividend is Tuesday, March 31st. This represents a $2.56 annualized dividend and a yield of 1.6%. National HealthCare’s dividend payout ratio is presently 59.12%.

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.