EntryPoint Capital LLC Makes New Investment in National HealthCare Co. (NYSE:NHC)

EntryPoint Capital LLC purchased a new stake in National HealthCare Co. (NYSE:NHC – Free Report) during the first quarter, according to the company’s most recent filing with the Securities and Exchange Commission (SEC). The fund bought 612 shares of the company’s stock, valued at about $58,000.

Several other institutional investors and hedge funds have also made changes to their positions in NHC recently. Illinois Municipal Retirement Fund purchased a new stake in National HealthCare in the first quarter worth $745,000. Susquehanna Fundamental Investments LLC acquired a new stake in shares of National HealthCare in the first quarter worth approximately $206,000. ProShare Advisors LLC increased its holdings in shares of 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 in the last quarter. State Board of Administration of Florida Retirement System increased its holdings in shares of National HealthCare by 7.9% in the first quarter. State Board of Administration of Florida Retirement System now owns 29,746 shares of the company’s stock worth $2,811,000 after purchasing an additional 2,186 shares in the last quarter. Finally, Vanguard Group Inc. increased its position in shares of National HealthCare by 4.9% during the first quarter. Vanguard Group Inc. now owns 1,593,829 shares of the company’s stock worth $150,633,000 after purchasing an additional 74,911 shares during the period. Institutional investors and hedge funds own 56.44% of the company’s stock.

National Healthcare Stock Performance

Shares of National HealthCare opened Friday at $135.76. The company has a market cap of $2.09 billion, a price-to-earnings ratio of 36.99 and a beta of 0.42. The company has a 50-day moving average price of $110.80. National HealthCare Co. has a 52-week low of $57.90 and a 52-week high of $136.01.

National HealthCare (NYSE:NHC – Get Free Report) last released its quarterly earnings results on Friday, May 10th. The company reported $0.97 EPS for the quarter. The company had revenue of $297.18 million during the quarter. National HealthCare had a net margin of 6.95% and a return on equity of 6.28%.

National HealthCare increases dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, August 1st. Shareholders of record on Friday, June 28th will receive a dividend of $0.61. This is a positive change from National HealthCare’s previous quarterly dividend of $0.59. This represents an annualized dividend of $2.44 and a yield of 1.80%. The ex-dividend date for this dividend is Friday, June 28th. National HealthCare’s payout ratio is currently 46.39%.

About National Health Care

(Free Report)

National HealthCare Corporation operates primarily long-term health care centers and home health care programs. Their health care centers provide subacute, specialized, and intermediate nursing and rehabilitation care.

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