Healthcare Services Group, Inc. (NASDAQ:HCSG) EVP Michael E. Mcbryan sold 800 shares of the firm’s stock in a transaction that occurred on Wednesday, November 1st. The shares were sold at an average price of $53.00, for a total value of $42,400.00. Following the completion of the sale, the executive vice president now directly owns 14,413 shares of the company’s stock, valued at $763,889. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

Shares of Healthcare Services Group, Inc. (HCSG) traded up $0.81 during mid-day trading on Friday, hitting $53.19. The company had a trading volume of 290,512 shares, compared to its average volume of 458,052. The stock has a market capitalization of $3.86 billion, a P/E ratio of 44.31, a price-to-earnings-growth ratio of 3.86 and a beta of 0.64.

Healthcare Services Group (NASDAQ:HCSG) last issued its quarterly earnings results on Tuesday, October 17th. The business services provider reported $0.31 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.31. Healthcare Services Group had a return on equity of 24.17% and a net margin of 5.00%. The firm had revenue of $491.40 million during the quarter, compared to analyst estimates of $485.53 million. During the same period last year, the company earned $0.27 EPS. Healthcare Services Group’s quarterly revenue was up 25.1% compared to the same quarter last year. research analysts forecast that Healthcare Services Group, Inc. will post 1.24 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 22nd. Investors of record on Friday, November 17th will be paid a dividend of $0.19 per share. This is a positive change from Healthcare Services Group’s previous quarterly dividend of $0.19. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.43%. The ex-dividend date of this dividend is Thursday, November 16th. Healthcare Services Group’s dividend payout ratio (DPR) is currently 63.03%.

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Several equities research analysts have recently issued reports on the company. Credit Suisse Group reaffirmed an “outperform” rating and issued a $62.00 price objective (up from $56.00) on shares of Healthcare Services Group in a research note on Friday. Zacks Investment Research lowered Healthcare Services Group from a “buy” rating to a “hold” rating in a research note on Friday, October 20th. Stifel Nicolaus reissued a “buy” rating on shares of Healthcare Services Group in a research note on Thursday, October 19th. Jefferies Group LLC set a $52.00 price target on Healthcare Services Group and gave the stock a “hold” rating in a research note on Thursday, October 19th. Finally, Robert W. Baird reissued a “buy” rating and set a $52.00 price target on shares of Healthcare Services Group in a research note on Wednesday, October 4th. Two investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $54.80.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. 1st Global Advisors Inc. raised its position in Healthcare Services Group by 0.5% during the 2nd quarter. 1st Global Advisors Inc. now owns 16,996 shares of the business services provider’s stock valued at $796,000 after purchasing an additional 81 shares in the last quarter. Teacher Retirement System of Texas raised its position in Healthcare Services Group by 1.6% during the 2nd quarter. Teacher Retirement System of Texas now owns 5,809 shares of the business services provider’s stock valued at $272,000 after purchasing an additional 94 shares in the last quarter. TD Asset Management Inc. raised its position in Healthcare Services Group by 1.0% during the 2nd quarter. TD Asset Management Inc. now owns 10,483 shares of the business services provider’s stock valued at $491,000 after purchasing an additional 100 shares in the last quarter. Arizona State Retirement System raised its position in Healthcare Services Group by 0.3% during the 2nd quarter. Arizona State Retirement System now owns 38,045 shares of the business services provider’s stock valued at $1,782,000 after purchasing an additional 100 shares in the last quarter. Finally, LS Investment Advisors LLC raised its position in Healthcare Services Group by 4.0% during the 2nd quarter. LS Investment Advisors LLC now owns 2,834 shares of the business services provider’s stock valued at $133,000 after purchasing an additional 108 shares in the last quarter. 91.37% of the stock is owned by institutional investors and hedge funds.

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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