Public Employees Retirement System of Ohio acquired a new stake in National HealthCare Co. (NYSEMKT:NHC) in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 6,498 shares of the company’s stock, valued at approximately $456,000.
Several other hedge funds have also made changes to their positions in the stock. Acrospire Investment Management LLC grew its holdings in National HealthCare by 235.0% during the 2nd quarter. Acrospire Investment Management LLC now owns 1,568 shares of the company’s stock worth $110,000 after acquiring an additional 1,100 shares in the last quarter. BNP Paribas Arbitrage SA grew its holdings in National HealthCare by 286.1% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 2,081 shares of the company’s stock worth $146,000 after acquiring an additional 1,542 shares in the last quarter. Legal & General Group Plc grew its holdings in National HealthCare by 3.0% during the 2nd quarter. Legal & General Group Plc now owns 2,769 shares of the company’s stock worth $195,000 after acquiring an additional 81 shares in the last quarter. Principal Financial Group Inc. acquired a new position in National HealthCare during the 2nd quarter worth approximately $206,000. Finally, Virtu KCG Holdings LLC grew its holdings in National HealthCare by 9.0% during the 2nd quarter. Virtu KCG Holdings LLC now owns 3,267 shares of the company’s stock worth $229,000 after acquiring an additional 269 shares in the last quarter.
National HealthCare Co. (NYSEMKT:NHC) opened at $62.94 on Tuesday. National HealthCare Co. has a twelve month low of $57.73 and a twelve month high of $78.99.
National HealthCare (NYSEMKT:NHC) last issued its earnings results on Thursday, November 9th. The company reported $0.75 earnings per share (EPS) for the quarter. National HealthCare had a net margin of 4.41% and a return on equity of 6.26%. The business had revenue of $241.99 million during the quarter.
National HealthCare announced that its board has approved a stock repurchase plan on Wednesday, August 9th that allows the company to repurchase $25.00 million in shares. This repurchase authorization allows the company to reacquire shares of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s board of directors believes its shares are undervalued.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 1st. Investors of record on Friday, December 29th will be given a $0.48 dividend. The ex-dividend date is Thursday, December 28th. This represents a $1.92 annualized dividend and a yield of 3.05%.
Several research analysts have recently issued reports on the stock. BidaskClub upgraded shares of National HealthCare from a “strong sell” rating to a “sell” rating in a report on Friday, August 11th. ValuEngine cut shares of National HealthCare from a “hold” rating to a “sell” rating in a report on Monday, October 2nd.
In related news, SVP Jeffrey Russell Smith sold 1,848 shares of the company’s stock in a transaction on Thursday, September 28th. The shares were sold at an average price of $62.78, for a total value of $116,017.44. Following the completion of the sale, the senior vice president now owns 3,111 shares in the company, valued at approximately $195,308.58. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.
About National HealthCare
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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