Inspire Investing LLC Boosts Stake in National HealthCare Co. $NHC

Inspire Investing LLC grew its position in shares of National HealthCare Co. (NYSE:NHC) by 3.5% during the second quarter, Holdings Channel reports. The fund owned 4,519 shares of the company’s stock after purchasing an additional 152 shares during the period. Inspire Investing LLC’s holdings in National HealthCare were worth $484,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in NHC. Alps Advisors Inc. grew its stake in National HealthCare by 7.7% in the first quarter. Alps Advisors Inc. now owns 147,800 shares of the company’s stock worth $13,716,000 after purchasing an additional 10,614 shares during the period. Goldman Sachs Group Inc. grew its stake in National HealthCare by 7.1% in the first quarter. Goldman Sachs Group Inc. now owns 73,772 shares of the company’s stock worth $6,846,000 after purchasing an additional 4,879 shares during the period. Principal Financial Group Inc. grew its position in shares of National HealthCare by 2.6% in the 1st quarter. Principal Financial Group Inc. now owns 65,410 shares of the company’s stock worth $6,070,000 after buying an additional 1,671 shares during the period. Rhumbline Advisers grew its position in shares of National HealthCare by 3.2% in the 1st quarter. Rhumbline Advisers now owns 45,046 shares of the company’s stock worth $4,180,000 after buying an additional 1,377 shares during the period. Finally, Public Sector Pension Investment Board grew its position in shares of National HealthCare by 27.4% in the 1st quarter. Public Sector Pension Investment Board now owns 39,160 shares of the company’s stock worth $3,634,000 after buying an additional 8,429 shares during the period. Hedge funds and other institutional investors own 56.44% of the company’s stock.

National HealthCare Stock Down 1.2%

NYSE:NHC opened at $117.43 on Monday. The firm’s 50-day moving average price is $113.61 and its 200-day moving average price is $104.56. The company has a market capitalization of $1.82 billion, a PE ratio of 14.72 and a beta of 0.58. 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 Co. has a 1-year low of $89.14 and a 1-year high of $136.86.

National HealthCare Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 31st. Shareholders of record on Tuesday, September 30th will be issued a $0.64 dividend. This represents a $2.56 dividend on an annualized basis and a yield of 2.2%. The ex-dividend date is Tuesday, September 30th. National HealthCare’s dividend payout ratio is 38.15%.

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.