Summit Global Investments Grows Stake in National HealthCare Co. (NYSE:NHC)

Summit Global Investments grew its holdings in National HealthCare Co. (NYSE:NHC - Free Report) by 65.5% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 10,631 shares of the company's stock after buying an additional 4,208 shares during the quarter. Summit Global Investments owned approximately 0.07% of National HealthCare worth $1,143,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Allworth Financial LP lifted its stake in National HealthCare by 378.0% in the fourth quarter. Allworth Financial LP now owns 564 shares of the company's stock worth $61,000 after acquiring an additional 446 shares during the period. Global Retirement Partners LLC purchased a new stake in shares of National HealthCare in the 4th quarter worth about $83,000. Meridian Wealth Management LLC bought a new stake in shares of National HealthCare during the 3rd quarter valued at about $229,000. Captrust Financial Advisors purchased a new position in shares of National HealthCare during the third quarter valued at about $233,000. Finally, Hohimer Wealth Management LLC bought a new position in National HealthCare in the third quarter worth about $274,000. 56.44% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

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

Remove Ads

National HealthCare Stock Up 1.2 %

NHC stock traded up $1.15 during midday trading on Thursday, hitting $93.17. The stock had a trading volume of 62,558 shares, compared to its average volume of 63,567. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.80 and a quick ratio of 1.77. The firm has a market cap of $1.44 billion, a price-to-earnings ratio of 11.68 and a beta of 0.41. The business has a 50-day moving average of $96.60 and a two-hundred day moving average of $111.62. National HealthCare Co. has a 52-week low of $87.03 and a 52-week high of $138.49.

National HealthCare Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 25th. Investors of record on Friday, March 28th will be given a dividend of $0.61 per share. 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 2.62%. National HealthCare's dividend payout ratio (DPR) 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.