Ritholtz Wealth Management Purchases 4,285 Shares of National HealthCare Co. (NYSE:NHC)

Ritholtz Wealth Management increased its position in shares of National HealthCare Co. (NYSE:NHC) by 121.1% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 7,824 shares of the company’s stock after purchasing an additional 4,285 shares during the quarter. Ritholtz Wealth Management’s holdings in National HealthCare were worth $848,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in the company. GAMMA Investing LLC increased its position in National HealthCare by 196.2% during the 2nd quarter. GAMMA Investing LLC now owns 231 shares of the company’s stock worth $25,000 after buying an additional 153 shares during the period. EntryPoint Capital LLC acquired a new position in shares of National HealthCare in the first quarter valued at about $58,000. Innealta Capital LLC bought a new position in National HealthCare during the second quarter worth about $98,000. Susquehanna Fundamental Investments LLC acquired a new stake in National HealthCare in the 1st quarter worth about $206,000. Finally, Blue Trust Inc. boosted its holdings in National HealthCare by 6,700.0% in the 2nd quarter. Blue Trust Inc. now owns 2,040 shares of the company’s stock valued at $221,000 after purchasing an additional 2,010 shares during the period. 56.44% of the stock is owned by institutional investors and hedge funds.

National HealthCare Price Performance

Shares of NHC opened at $130.90 on Wednesday. National HealthCare Co. has a 12 month low of $63.44 and a 12 month high of $138.49. The stock’s 50 day simple moving average is $124.68. The company has a market capitalization of $2.02 billion, a PE ratio of 24.89 and a beta of 0.42.

National HealthCare (NYSE:NHC) last posted its quarterly earnings data on Friday, August 9th. The company reported $1.00 EPS for the quarter. The firm had revenue of $300.66 million for the quarter. National HealthCare had a return on equity of 6.39% and a net margin of 7.74%.

National HealthCare Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, November 1st. Investors of record on Monday, September 30th will be paid a $0.61 dividend. This represents a $2.44 dividend on an annualized basis and a yield of 1.86%. The ex-dividend date is Monday, September 30th. 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.