Healthcare Services Group, Inc. (HCSG) CFO Sells $247,000.00 in Stock

Healthcare Services Group, Inc. (NASDAQ:HCSG) CFO John Christopher Shea sold 4,750 shares of the stock in a transaction that occurred on Thursday, August 3rd. The stock was sold at an average price of $52.00, for a total transaction of $247,000.00. Following the sale, the chief financial officer now owns 7,157 shares in the company, valued at $372,164. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

Healthcare Services Group, Inc. (HCSG) traded down 0.18% on Friday, hitting $50.62. 301,423 shares of the company were exchanged. The firm has a 50 day moving average of $51.02 and a 200-day moving average of $46.05. The stock has a market cap of $3.70 billion, a PE ratio of 44.40 and a beta of 0.61. Healthcare Services Group, Inc. has a 52-week low of $34.83 and a 52-week high of $54.28.

Healthcare Services Group (NASDAQ:HCSG) last posted its quarterly earnings results on Tuesday, July 11th. The business services provider reported $0.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.29 by $0.01. The firm had revenue of $470.90 million for the quarter, compared to analysts’ expectations of $425.24 million. Healthcare Services Group had a net margin of 5.07% and a return on equity of 24.12%. The firm’s quarterly revenue was up 21.8% on a year-over-year basis. During the same period in the prior year, the company posted $0.26 earnings per share. On average, equities analysts expect that Healthcare Services Group, Inc. will post $1.25 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, September 22nd. Investors of record on Friday, August 18th will be issued a $0.1888 dividend. The ex-dividend date of this dividend is Wednesday, August 16th. This is a boost from Healthcare Services Group’s previous quarterly dividend of $0.19. This represents a $0.76 annualized dividend and a yield of 1.49%. Healthcare Services Group’s dividend payout ratio is currently 65.22%.

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Hedge funds have recently added to or reduced their stakes in the stock. Miles Capital Inc. raised its stake in Healthcare Services Group by 0.3% in the first quarter. Miles Capital Inc. now owns 6,881 shares of the business services provider’s stock valued at $297,000 after buying an additional 20 shares during the last quarter. 1st Global Advisors Inc. raised its stake in Healthcare Services Group by 0.5% in the second quarter. 1st Global Advisors Inc. now owns 16,996 shares of the business services provider’s stock valued at $796,000 after buying an additional 81 shares during the last quarter. Teacher Retirement System of Texas raised its stake in Healthcare Services Group by 1.6% in the second quarter. Teacher Retirement System of Texas now owns 5,809 shares of the business services provider’s stock valued at $272,000 after buying an additional 94 shares during the last quarter. Ashford Capital Management Inc. raised its stake in Healthcare Services Group by 0.3% in the first quarter. Ashford Capital Management Inc. now owns 28,398 shares of the business services provider’s stock valued at $1,224,000 after buying an additional 95 shares during the last quarter. Finally, TD Asset Management Inc. raised its stake in Healthcare Services Group by 1.0% in the second quarter. TD Asset Management Inc. now owns 10,483 shares of the business services provider’s stock valued at $491,000 after buying an additional 100 shares during the last quarter. Hedge funds and other institutional investors own 92.67% of the company’s stock.

HCSG has been the topic of a number of recent analyst reports. Jefferies Group LLC reissued a “hold” rating and issued a $49.00 price objective (up from $41.00) on shares of Healthcare Services Group in a research report on Tuesday, June 6th. Credit Suisse Group initiated coverage on shares of Healthcare Services Group in a research report on Friday, May 19th. They issued an “outperform” rating and a $50.00 price objective on the stock. Zacks Investment Research raised shares of Healthcare Services Group from a “hold” rating to a “buy” rating and set a $58.00 price objective on the stock in a research report on Friday, July 14th. BidaskClub raised shares of Healthcare Services Group from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, July 19th. Finally, Stifel Nicolaus reissued a “buy” rating and issued a $50.00 price objective (up from $48.00) on shares of Healthcare Services Group in a research report on Wednesday, July 12th. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $53.00.

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.

Insider Buying and Selling by Quarter for Healthcare Services Group (NASDAQ:HCSG)

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