Bessemer Group Inc. Purchases 214 Shares of National HealthCare Co. (NYSE:NHC)

Bessemer Group Inc. increased its holdings in National HealthCare Co. (NYSE:NHC) by 396.3% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 268 shares of the company’s stock after purchasing an additional 214 shares during the period. Bessemer Group Inc.’s holdings in National HealthCare were worth $29,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Jane Street Group LLC increased its holdings 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 worth $3,633,000 after buying an additional 19,667 shares during the last quarter. Barclays PLC increased its stake in National HealthCare by 345.6% during the third quarter. Barclays PLC now owns 21,063 shares of the company’s stock worth $2,649,000 after acquiring an additional 16,336 shares during the last quarter. Franklin Resources Inc. raised its position 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 purchasing an additional 409 shares during the period. JPMorgan Chase & Co. boosted its holdings in shares of National HealthCare by 6.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 43,073 shares of the company’s stock worth $5,417,000 after purchasing an additional 2,419 shares during the period. Finally, Ellsworth Advisors LLC bought a new position in shares of National HealthCare during the 4th quarter valued at approximately $650,000. Hedge funds and other institutional investors own 56.44% of the company’s stock.

Analyst Upgrades and Downgrades

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

National HealthCare Stock Up 0.6 %

Shares of NYSE:NHC opened at $92.13 on Friday. The firm has a market capitalization of $1.42 billion, a PE ratio of 11.55 and a beta of 0.42. The business has a 50 day simple moving average of $93.77 and a two-hundred day simple moving average of $107.56. National HealthCare Co. has a 1 year low of $87.62 and a 1 year high of $138.49. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.80 and a quick ratio of 1.77.

National HealthCare Dividend Announcement

The firm also recently disclosed 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 dividend on an annualized basis and a yield of 2.65%. The ex-dividend date of this dividend is Friday, March 28th. National HealthCare’s payout ratio is currently 37.31%.

About National HealthCare

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.