JPMorgan Chase & Co. Raises Position in National HealthCare Corporation $NHC

JPMorgan Chase & Co. grew its holdings in National HealthCare Corporation (NYSEAMERICAN:NHC) by 7.2% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 55,210 shares of the company’s stock after buying an additional 3,698 shares during the quarter. JPMorgan Chase & Co.’s holdings in National HealthCare were worth $6,709,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of NHC. Caitong International Asset Management Co. Ltd purchased a new stake in National HealthCare during the 3rd quarter worth about $25,000. Quarry LP boosted its stake in shares of National HealthCare by 171.9% in the 3rd quarter. Quarry LP now owns 261 shares of the company’s stock valued at $32,000 after buying an additional 165 shares during the period. Raymond James Financial Inc. purchased a new position in shares of National HealthCare in the 2nd quarter valued at about $58,000. EverSource Wealth Advisors LLC grew its position in shares of National HealthCare by 219.7% during the second quarter. EverSource Wealth Advisors LLC now owns 633 shares of the company’s stock worth $68,000 after buying an additional 435 shares in the last quarter. Finally, Copeland Capital Management LLC increased its stake in shares of National HealthCare by 18.3% during the third quarter. Copeland Capital Management LLC now owns 723 shares of the company’s stock worth $88,000 after buying an additional 112 shares during the period. Hedge funds and other institutional investors own 56.44% of the company’s stock.

National HealthCare Stock Down 1.7%

Shares of National HealthCare stock opened at $159.70 on Wednesday. National HealthCare Corporation has a 52-week low of $89.14 and a 52-week high of $174.54. The company has a market capitalization of $2.48 billion, a P/E ratio of 20.82 and a beta of 0.60. The company has a 50 day moving average of $158.56 and a 200 day moving average of $139.41.

National HealthCare (NYSEAMERICAN:NHC) last released its quarterly earnings data on Thursday, February 26th. The company reported $1.83 earnings per share (EPS) for the quarter. National HealthCare had a return on equity of 9.59% and a net margin of 7.91%.The business had revenue of $386.51 million during the quarter.

National HealthCare Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, April 30th. Shareholders of record on Tuesday, March 31st will be paid a $0.64 dividend. This represents a $2.56 annualized dividend and a yield of 1.6%. The ex-dividend date is Tuesday, March 31st. National HealthCare’s dividend payout ratio is currently 59.12%.

National HealthCare Company Profile

National HealthCare Corporation (NYSE American: NHC) is a healthcare services company specializing in long-term care and post-acute rehabilitation. The company operates skilled nursing facilities, assisted living communities and outpatient therapy clinics. Through its subsidiary, National HealthCare Partners, NHC provides contract rehabilitation services, pharmacy management and clinical consulting to a broad network of senior living and healthcare providers.

Headquartered in Murfreesboro, Tennessee, National HealthCare Corporation has built a regional footprint across the southeastern and south-central United States.