Blue Trust Inc. Buys 2,010 Shares of National HealthCare Co. (NYSE:NHC)

Blue Trust Inc. boosted its stake in shares of National HealthCare Co. (NYSE:NHC) by 6,700.0% during the second quarter, Holdings Channel reports. The firm owned 2,040 shares of the company’s stock after purchasing an additional 2,010 shares during the quarter. Blue Trust Inc.’s holdings in National HealthCare were worth $221,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. GAMMA Investing LLC raised its stake in National HealthCare by 196.2% during the 2nd quarter. GAMMA Investing LLC now owns 231 shares of the company’s stock valued at $25,000 after buying an additional 153 shares during the last quarter. EntryPoint Capital LLC purchased a new stake in National HealthCare during the first quarter valued at $58,000. Susquehanna Fundamental Investments LLC bought a new position in National HealthCare in the first quarter valued at about $206,000. ProShare Advisors LLC boosted its position in National HealthCare by 7.3% in the first quarter. ProShare Advisors LLC now owns 2,539 shares of the company’s stock worth $240,000 after purchasing an additional 172 shares during the last quarter. Finally, BOKF NA bought a new stake in shares of National HealthCare during the 1st quarter valued at about $241,000. Hedge funds and other institutional investors own 56.44% of the company’s stock.

National HealthCare Stock Down 1.9 %

Shares of NYSE:NHC opened at $127.18 on Monday. The company has a market cap of $1.96 billion, a PE ratio of 24.18 and a beta of 0.42. The business has a 50 day simple moving average of $117.98. National HealthCare Co. has a twelve month low of $63.44 and a twelve month high of $138.49.

National HealthCare (NYSE:NHC) last released its quarterly earnings results on Friday, August 9th. The company reported $1.00 earnings per share for the quarter. National HealthCare had a net margin of 6.95% and a return on equity of 6.28%. The business had revenue of $300.66 million for the quarter.

National HealthCare Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, November 1st. Investors of record on Monday, September 30th will be given a dividend of $0.61 per share. The ex-dividend date of this dividend is Monday, September 30th. This represents a $2.44 annualized dividend and a yield of 1.92%. National HealthCare’s dividend payout ratio (DPR) is presently 46.39%.

National HealthCare Profile

National HealthCare Corporation principally operates long-term health carecenters and home health care programs. Their health care centers provide subacute, skilled and intermediate nursing and rehabilitative care.