JPMorgan Chase & Co. Acquires 20,072 Shares of National HealthCare Co. (NYSE:NHC)

JPMorgan Chase & Co. boosted its position in shares of National HealthCare Co. (NYSE:NHC - Free Report) by 46.6% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 63,145 shares of the company's stock after buying an additional 20,072 shares during the quarter. JPMorgan Chase & Co. owned 0.41% of National HealthCare worth $6,792,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Jane Street Group LLC boosted its position in shares of National HealthCare by 213.3% in the 3rd quarter. Jane Street Group LLC now owns 28,887 shares of the company's stock valued at $3,633,000 after purchasing an additional 19,667 shares during the period. Barclays PLC raised its holdings in National HealthCare by 345.6% during the 3rd quarter. Barclays PLC now owns 21,063 shares of the company's stock worth $2,649,000 after buying an additional 16,336 shares during the period. Franklin Resources Inc. lifted its stake in National HealthCare by 6.5% during the third quarter. Franklin Resources Inc. now owns 6,655 shares of the company's stock valued at $806,000 after buying an additional 409 shares in the last quarter. Ellsworth Advisors LLC purchased a new position in shares of National HealthCare in the fourth quarter worth approximately $650,000. Finally, Inspire Investing LLC raised its holdings in shares of National HealthCare by 10.5% during the fourth quarter. Inspire Investing LLC now owns 4,092 shares of the company's stock valued at $440,000 after acquiring an additional 390 shares during the period. 56.44% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

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

National HealthCare Stock Up 0.6 %

Shares of NHC stock traded up $0.56 on Friday, reaching $92.13. 42,686 shares of the company's stock traded hands, compared to its average volume of 61,374. 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 Co. has a 12-month low of $87.62 and a 12-month high of $138.49. The business's 50 day moving average price is $93.77 and its two-hundred day moving average price is $107.45. The company has a market capitalization of $1.42 billion, a P/E ratio of 11.55 and a beta of 0.42.

National HealthCare Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, April 25th. Investors of record on Friday, March 28th will be issued a dividend of $0.61 per share. This represents a $2.44 annualized dividend and a dividend yield of 2.65%. The ex-dividend date is Friday, March 28th. National HealthCare's dividend payout ratio is currently 37.31%.

National HealthCare 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.