Healthcare Services Group, Inc. (NASDAQ:HCSG) Director Robert J. Moss sold 2,000 shares of the firm’s stock in a transaction dated Friday, July 14th. The stock was sold at an average price of $52.76, for a total transaction of $105,520.00. Following the sale, the director now owns 2,000 shares of the company’s stock, valued at $105,520. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.
Healthcare Services Group, Inc. (NASDAQ:HCSG) opened at 52.31 on Wednesday. The firm’s 50-day moving average is $48.14 and its 200 day moving average is $44.12. Healthcare Services Group, Inc. has a 52 week low of $34.83 and a 52 week high of $53.07. The stock has a market cap of $3.83 billion, a price-to-earnings ratio of 45.89 and a beta of 0.60.
Healthcare Services Group (NASDAQ:HCSG) last posted its quarterly earnings data on Tuesday, July 11th. The business services provider reported $0.30 EPS for the quarter, beating the Zacks’ consensus estimate of $0.29 by $0.01. Healthcare Services Group had a net margin of 5.07% and a return on equity of 24.12%. The company had revenue of $470.90 million during the quarter, compared to the consensus estimate of $425.24 million. During the same quarter in the prior year, the company posted $0.26 EPS. The company’s quarterly revenue was up 21.8% compared to the same quarter last year. On average, equities research analysts expect that Healthcare Services Group, Inc. will post $1.25 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 22nd. Stockholders of record on Friday, August 18th will be paid a dividend of $0.1888 per share. The ex-dividend date is Wednesday, August 16th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.44%. This is an increase from Healthcare Services Group’s previous quarterly dividend of $0.19. Healthcare Services Group’s dividend payout ratio is currently 65.22%.
Several equities research analysts recently issued reports on the stock. BidaskClub upgraded shares of Healthcare Services Group from a “buy” rating to a “strong-buy” rating in a research report on Wednesday. Robert W. Baird raised their price objective on shares of Healthcare Services Group from $47.00 to $52.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 12th. They noted that the move was a valuation call. Stifel Nicolaus restated a “buy” rating and set a $50.00 price objective (up from $48.00) on shares of Healthcare Services Group in a research report on Wednesday, July 12th. Zacks Investment Research upgraded shares of Healthcare Services Group from a “hold” rating to a “buy” rating and set a $58.00 price objective for the company in a research report on Friday, July 14th. Finally, Credit Suisse Group restated an “outperform” rating and set a $56.00 price objective (up from $50.00) on shares of Healthcare Services Group in a research report on Thursday, July 13th. Two investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the stock. Healthcare Services Group presently has an average rating of “Buy” and an average target price of $52.17.
Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Dimensional Fund Advisors LP increased its position in Healthcare Services Group by 1.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,134,480 shares of the business services provider’s stock worth $44,438,000 after buying an additional 19,333 shares in the last quarter. Norges Bank acquired a new stake in Healthcare Services Group during the fourth quarter worth about $22,959,000. Teachers Advisors LLC increased its stake in Healthcare Services Group by 2.3% in the fourth quarter. Teachers Advisors LLC now owns 112,155 shares of the business services provider’s stock worth $4,393,000 after buying an additional 2,514 shares during the period. Park National Corp OH acquired a new stake in Healthcare Services Group during the first quarter worth about $212,000. Finally, Foundry Partners LLC increased its stake in Healthcare Services Group by 18.2% in the first quarter. Foundry Partners LLC now owns 101,148 shares of the business services provider’s stock worth $4,358,000 after buying an additional 15,575 shares during the period. 93.84% of the stock is owned by institutional investors.
Healthcare Services Group Company Profile
Healthcare Services Group, Inc provides management, administrative and operating services to the housekeeping, laundry, linen, facility maintenance and dietary service departments of the healthcare industry, including nursing homes, retirement complexes, rehabilitation centers and hospitals located throughout the United States.
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