Healthcare Services Group, Inc. (NASDAQ:HCSG) Director Robert L. Frome sold 5,000 shares of the stock in a transaction that occurred on Monday, June 12th. The shares were sold at an average price of $48.00, for a total transaction of $240,000.00. Following the transaction, the director now owns 25,501 shares in the company, valued at approximately $1,224,048. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Shares of Healthcare Services Group, Inc. (HCSG) traded down 0.91% during mid-day trading on Wednesday, reaching $47.71. 334,874 shares of the company’s stock were exchanged. Healthcare Services Group, Inc. has a one year low of $34.83 and a one year high of $50.00. The company has a market capitalization of $3.48 billion, a PE ratio of 43.77 and a beta of 0.57. The company’s 50-day moving average price is $46.79 and its 200-day moving average price is $42.58.

Healthcare Services Group (NASDAQ:HCSG) last issued its quarterly earnings results on Tuesday, April 11th. The business services provider reported $0.30 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.29 by $0.01. The business had revenue of $404.50 million for the quarter, compared to analysts’ expectations of $416.40 million. Healthcare Services Group had a net margin of 5.11% and a return on equity of 23.95%. The business’s quarterly revenue was up 5.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.26 earnings per share. On average, equities analysts expect that Healthcare Services Group, Inc. will post $1.21 earnings per share for the current year.

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

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 23rd. Stockholders of record on Friday, May 19th will be given a dividend of $0.1875 per share. This represents a $0.75 annualized dividend and a dividend yield of 1.57%. The ex-dividend date of this dividend is Wednesday, May 17th. This is a boost from Healthcare Services Group’s previous quarterly dividend of $0.19. Healthcare Services Group’s dividend payout ratio is currently 67.57%.

COPYRIGHT VIOLATION NOTICE: This report was originally reported by American Banking News and is owned by of American Banking News. If you are accessing this report on another publication, it was illegally copied and republished in violation of U.S. & international copyright law. The original version of this report can be read at https://www.americanbankingnews.com/2017/06/14/insider-selling-healthcare-services-group-inc-hcsg-director-sells-5000-shares-of-stock.html.

HCSG has been the subject of a number of research reports. Credit Suisse Group initiated coverage on shares of Healthcare Services Group in a report on Friday, May 19th. They set an “outperform” rating and a $50.00 target price for the company. Jefferies Group LLC reaffirmed a “hold” rating and set a $49.00 target price (up from $41.00) on shares of Healthcare Services Group in a report on Tuesday, June 6th. Finally, Stifel Nicolaus upped their target price on shares of Healthcare Services Group from $46.00 to $48.00 and gave the company a “buy” rating in a report on Monday, May 1st. One analyst has rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $48.25.

Several hedge funds have recently modified their holdings of HCSG. Pacific Global Investment Management CO boosted its stake in shares of Healthcare Services Group by 3.5% in the fourth quarter. Pacific Global Investment Management CO now owns 5,636 shares of the business services provider’s stock valued at $221,000 after buying an additional 190 shares in the last quarter. Janus Capital Management LLC boosted its stake in shares of Healthcare Services Group by 0.6% in the fourth quarter. Janus Capital Management LLC now owns 1,706,412 shares of the business services provider’s stock valued at $66,840,000 after buying an additional 10,073 shares in the last quarter. First Republic Investment Management Inc. boosted its stake in shares of Healthcare Services Group by 7.3% in the fourth quarter. First Republic Investment Management Inc. now owns 8,479 shares of the business services provider’s stock valued at $333,000 after buying an additional 578 shares in the last quarter. GSA Capital Partners LLP boosted its stake in shares of Healthcare Services Group by 125.9% in the fourth quarter. GSA Capital Partners LLP now owns 17,867 shares of the business services provider’s stock valued at $700,000 after buying an additional 9,958 shares in the last quarter. Finally, Public Sector Pension Investment Board boosted its stake in shares of Healthcare Services Group by 2.0% in the fourth quarter. Public Sector Pension Investment Board now owns 51,652 shares of the business services provider’s stock valued at $2,023,000 after buying an additional 1,000 shares in the last quarter. 94.20% of the stock is currently owned by institutional investors and hedge funds.

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.

Receive News & Ratings for Healthcare Services Group Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Healthcare Services Group Inc. and related companies with MarketBeat.com's FREE daily email newsletter.