ExodusPoint Capital Management LP Buys 3,925 Shares of National HealthCare Co. (NYSE:NHC)

ExodusPoint Capital Management LP lifted its stake in shares of National HealthCare Co. (NYSE:NHC - Free Report) by 117.1% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 7,278 shares of the company's stock after purchasing an additional 3,925 shares during the period. ExodusPoint Capital Management LP's holdings in National HealthCare were worth $783,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. RWA Wealth Partners LLC boosted its holdings in shares of National HealthCare by 16.7% in the fourth quarter. RWA Wealth Partners LLC now owns 2,100 shares of the company's stock worth $226,000 after buying an additional 300 shares during the period. JPMorgan Chase & Co. grew its position in National HealthCare by 46.6% during the 4th quarter. JPMorgan Chase & Co. now owns 63,145 shares of the company's stock worth $6,792,000 after purchasing an additional 20,072 shares in the last quarter. Prudential Financial Inc. raised its stake in National HealthCare by 98.2% during the 4th quarter. Prudential Financial Inc. now owns 28,192 shares of the company's stock valued at $3,032,000 after purchasing an additional 13,970 shares during the period. KLP Kapitalforvaltning AS acquired a new stake in shares of National HealthCare in the fourth quarter worth $854,000. Finally, Knights of Columbus Asset Advisors LLC grew its stake in National HealthCare by 29.8% during the 4th quarter. Knights of Columbus Asset Advisors LLC now owns 18,044 shares of the company's stock valued at $1,941,000 after acquiring an additional 4,146 shares in the last quarter. 56.44% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, StockNews.com cut shares of National HealthCare from a "strong-buy" rating to a "buy" rating in a report on Monday, March 3rd.

National HealthCare Stock Down 1.5 %

Shares of National HealthCare stock traded down $1.39 during midday trading on Wednesday, reaching $91.36. 5,781 shares of the company's stock traded hands, compared to its average volume of 61,049. The company has a market cap of $1.41 billion, a price-to-earnings ratio of 11.45 and a beta of 0.42. National HealthCare Co. has a 52 week low of $87.03 and a 52 week high of $138.49. The company's 50 day simple moving average is $94.31 and its 200 day simple moving average is $108.12. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.77 and a current ratio of 1.80.

National HealthCare Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, April 25th. Investors of record on Friday, March 28th will be paid a $0.61 dividend. The ex-dividend date of this dividend is Friday, March 28th. This represents a $2.44 dividend on an annualized basis and a yield of 2.67%. National HealthCare's payout ratio is presently 37.31%.

National HealthCare Company Profile

National HealthCare Corporation engages in the operation of services to skilled nursing facilities, assisted and independent living facilities, homecare and hospice agencies, and health hospitals. Its skilled nursing facilities offer licensed therapy services, nutrition services, social services, activities, and housekeeping and laundry services, as well as medical services prescribed by physicians; and rehabilitative services, such as physical, speech, respiratory, and occupational therapy for patients recovering from strokes, heart attacks, orthopedic conditions, neurological illnesses, or other illnesses, injuries, or disabilities.