Semanteon Capital Management LP Makes New Investment in National HealthCare Co. (NYSE:NHC)

Semanteon Capital Management LP purchased a new stake in National HealthCare Co. (NYSE:NHC - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 5,239 shares of the company's stock, valued at approximately $564,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Teacher Retirement System of Texas lifted its holdings in National HealthCare by 7.6% in the fourth quarter. Teacher Retirement System of Texas now owns 13,389 shares of the company's stock valued at $1,440,000 after acquiring an additional 946 shares during the last quarter. Pinnacle Financial Partners Inc lifted its stake in shares of National HealthCare by 0.9% in the 4th quarter. Pinnacle Financial Partners Inc now owns 15,597 shares of the company's stock valued at $1,678,000 after purchasing an additional 145 shares during the last quarter. Navellier & Associates Inc. lifted its position in National HealthCare by 67.1% in the fourth quarter. Navellier & Associates Inc. now owns 7,153 shares of the company's stock valued at $769,000 after buying an additional 2,873 shares during the last quarter. Global Retirement Partners LLC acquired a new stake in shares of National HealthCare during the fourth quarter valued at about $83,000. Finally, Principal Financial Group Inc. lifted its holdings in shares of National HealthCare by 3.5% in the 4th quarter. Principal Financial Group Inc. now owns 63,739 shares of the company's stock worth $6,856,000 after acquiring an additional 2,140 shares during the last quarter. Institutional investors and hedge funds own 56.44% of the company's stock.

National HealthCare Trading Up 1.8 %

NHC traded up $1.65 during mid-day trading on Wednesday, hitting $92.02. 43,399 shares of the stock were exchanged, compared to its average volume of 63,586. The company has a market cap of $1.42 billion, a PE ratio of 11.53 and a beta of 0.41. The company has a current ratio of 1.80, a quick ratio of 1.77 and a debt-to-equity ratio of 0.14. The firm's fifty day moving average is $96.73 and its two-hundred day moving average is $111.76. National HealthCare Co. has a 1-year low of $87.03 and a 1-year high of $138.49.

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National HealthCare Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 25th. Stockholders of record on Friday, March 28th will be paid a $0.61 dividend. 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 payout ratio is 37.31%.

Analysts Set New Price Targets

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

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.