Arrowstreet Capital Limited Partnership Purchases 60,420 Shares of National HealthCare Corporation $NHC

Arrowstreet Capital Limited Partnership lifted its holdings in shares of National HealthCare Corporation (NYSEAMERICAN:NHC) by 407.2% during the 1st quarter, HoldingsChannel reports. The institutional investor owned 75,257 shares of the company’s stock after acquiring an additional 60,420 shares during the quarter. Arrowstreet Capital Limited Partnership’s holdings in National HealthCare were worth $12,019,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also added to or reduced their stakes in the company. Caitong International Asset Management Co. Ltd bought a new position in National HealthCare in the third quarter worth approximately $25,000. Quarry LP boosted its stake in National HealthCare by 171.9% in the 3rd quarter. Quarry LP now owns 261 shares of the company’s stock worth $32,000 after purchasing an additional 165 shares during the period. Kestra Advisory Services LLC purchased a new position in National HealthCare during the fourth quarter valued at $42,000. Simplex Trading LLC increased its holdings in shares of National HealthCare by 140.0% in the fourth quarter. Simplex Trading LLC now owns 348 shares of the company’s stock worth $48,000 after purchasing an additional 203 shares during the last quarter. Finally, Raymond James Financial Inc. bought a new stake in National HealthCare in the 2nd quarter worth approximately $58,000. 56.44% of the stock is currently owned by hedge funds and other institutional investors.

National HealthCare Price Performance

NYSEAMERICAN:NHC opened at $226.03 on Friday. The company’s fifty day moving average price is $206.23 and its 200-day moving average price is $178.61. National HealthCare Corporation has a 1-year low of $94.04 and a 1-year high of $232.67. The firm has a market capitalization of $3.53 billion, a P/E ratio of 28.72 and a beta of 0.63.

National HealthCare (NYSEAMERICAN:NHC) last posted its earnings results on Thursday, May 7th. The company reported $1.91 EPS for the quarter. National HealthCare had a return on equity of 9.98% and a net margin of 8.10%.The firm had revenue of $381.82 million for the quarter.

National HealthCare Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, July 31st. Investors of record on Tuesday, June 30th were given a dividend of $0.67 per share. This is a boost from National HealthCare’s previous quarterly dividend of $0.64. The ex-dividend date was Tuesday, June 30th. This represents a $2.68 annualized dividend and a dividend yield of 1.2%. National HealthCare’s payout ratio is currently 61.89%.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on NHC shares. The Goldman Sachs Group upgraded National HealthCare to a “strong-buy” rating in a report on Monday, May 18th. BMO Capital Markets raised National HealthCare to a “hold” rating in a research report on Monday, May 18th. Robert W. Baird upgraded shares of National HealthCare to a “strong-buy” rating in a research note on Monday, May 18th. Finally, Royal Bank Of Canada upgraded National HealthCare to a “hold” rating in a research note on Monday, May 18th. Two analysts have rated the stock with a Strong Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Buy”.

Insider Buying and Selling at National HealthCare

In related news, Director Lisa Piercey purchased 949 shares of the firm’s stock in a transaction that occurred on Monday, June 1st. The shares were purchased at an average cost of $184.26 per share, with a total value of $174,862.74. Following the purchase, the director owned 949 shares of the company’s stock, valued at $174,862.74. This represents a ∞ increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 13.92% of the stock is currently owned by company insiders.

About National HealthCare

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.