Healthcare Services Group, Inc. (NASDAQ:HCSG) CFO John Christopher Shea sold 4,750 shares of the stock in a transaction on Thursday, August 3rd. The shares were sold at an average price of $52.00, for a total transaction of $247,000.00. Following the transaction, 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 is available through this hyperlink.

Healthcare Services Group, Inc. (HCSG) traded up 0.91% on Monday, hitting $51.88. 209,378 shares of the stock were exchanged. The company’s 50 day moving average is $49.61 and its 200 day moving average is $45.10. Healthcare Services Group, Inc. has a 1-year low of $34.83 and a 1-year high of $54.28. The stock has a market cap of $3.80 billion, a PE ratio of 45.51 and a beta of 0.61.

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

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 22nd. Shareholders of record on Friday, August 18th will be issued a $0.1888 dividend. This represents a $0.76 annualized dividend and a yield of 1.46%. The ex-dividend date is Wednesday, August 16th. This is a positive change from Healthcare Services Group’s previous quarterly dividend of $0.19. Healthcare Services Group’s payout ratio is 65.22%.

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HCSG has been the topic of a number of research analyst reports. Stifel Nicolaus increased their price objective on shares of Healthcare Services Group from $46.00 to $48.00 and gave the company a “buy” rating in a research note on Monday, May 1st. Jefferies Group LLC reiterated a “hold” rating and set a $49.00 price objective on shares of Healthcare Services Group in a research note on Friday, July 7th. BidaskClub upgraded shares of Healthcare Services Group from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, July 19th. Zacks Investment Research upgraded shares of Healthcare Services Group from a “hold” rating to a “buy” rating and set a $58.00 price target on the stock in a research report on Friday, July 14th. Finally, Robert W. Baird raised their price target 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. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $53.00.

A number of large investors have recently made changes to their positions in the stock. Norges Bank acquired a new stake in shares of Healthcare Services Group during the fourth quarter valued at about $22,959,000. Teachers Advisors LLC raised its stake in shares of 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 valued at $4,393,000 after buying an additional 2,514 shares during the period. Park National Corp OH acquired a new stake in shares of Healthcare Services Group during the first quarter valued at about $212,000. Foundry Partners LLC raised its stake in shares of 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 valued at $4,358,000 after buying an additional 15,575 shares during the period. Finally, Atria Investments LLC acquired a new stake in shares of Healthcare Services Group during the first quarter valued at about $223,000. 93.40% of the stock is currently owned by hedge funds and other institutional investors.

About Healthcare Services Group

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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