Healthcare Services Group, Inc. (NASDAQ:HCSG) insider Michael E. Mcbryan sold 22,500 shares of the business’s stock in a transaction that occurred on Friday, November 3rd. The shares were sold at an average price of $53.03, for a total transaction of $1,193,175.00. Following the transaction, the insider now directly owns 14,413 shares of the company’s stock, valued at approximately $764,321.39. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Shares of Healthcare Services Group, Inc. (NASDAQ:HCSG) traded up $0.81 during trading on Friday, reaching $53.19. 336,256 shares of the company’s stock traded hands, compared to its average volume of 458,052. The firm has a market cap of $3.86 billion, a P/E ratio of 44.31 and a beta of 0.64.

Healthcare Services Group (NASDAQ:HCSG) last announced its earnings results on Tuesday, October 17th. The business services provider reported $0.31 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.31. Healthcare Services Group had a net margin of 5.00% and a return on equity of 24.17%. The business had revenue of $491.40 million during the quarter, compared to analyst estimates of $485.53 million. During the same period in the previous year, the business posted $0.27 earnings per share. Healthcare Services Group’s revenue for the quarter was up 25.1% on a year-over-year basis. equities research analysts expect that Healthcare Services Group, Inc. will post 1.24 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, December 22nd. Shareholders of record on Friday, November 17th will be given a dividend of $0.19 per share. The ex-dividend date is Thursday, November 16th. This is a positive change from Healthcare Services Group’s previous quarterly dividend of $0.19. This represents a $0.76 annualized dividend and a yield of 1.43%. Healthcare Services Group’s payout ratio is presently 63.03%.

ILLEGAL ACTIVITY NOTICE: This piece of content was originally reported by American Banking News and is the property of of American Banking News. If you are reading this piece of content on another domain, it was stolen and republished in violation of international trademark and copyright laws. The original version of this piece of content can be accessed at https://www.americanbankingnews.com/2017/11/03/healthcare-services-group-inc-hcsg-insider-sells-1193175-00-in-stock.html.

Several brokerages recently commented on HCSG. Robert W. Baird reaffirmed a “buy” rating and set a $52.00 price objective on shares of Healthcare Services Group in a research note on Wednesday, October 4th. Jefferies Group LLC reaffirmed a “hold” rating and set a $49.00 price objective on shares of Healthcare Services Group in a research note on Friday, September 29th. Credit Suisse Group reaffirmed an “outperform” rating and set a $62.00 price objective (up previously from $56.00) on shares of Healthcare Services Group in a research note on Friday. Zacks Investment Research lowered shares of Healthcare Services Group from a “buy” rating to a “hold” rating in a research report on Friday, October 20th. Finally, BidaskClub upgraded shares of Healthcare Services Group from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, July 19th. Two analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $54.80.

A number of institutional investors have recently made changes to their positions in HCSG. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in Healthcare Services Group by 9.8% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,700 shares of the business services provider’s stock valued at $126,000 after purchasing an additional 242 shares during the last quarter. LS Investment Advisors LLC lifted its holdings in shares of Healthcare Services Group by 4.0% in the 2nd quarter. LS Investment Advisors LLC now owns 2,834 shares of the business services provider’s stock worth $133,000 after acquiring an additional 108 shares during the last quarter. Public Employees Retirement System of Ohio lifted its holdings in shares of Healthcare Services Group by 4.7% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 3,005 shares of the business services provider’s stock worth $141,000 after acquiring an additional 135 shares during the last quarter. Bruderman Asset Management LLC bought a new stake in shares of Healthcare Services Group in the 2nd quarter worth approximately $170,000. Finally, Riverhead Capital Management LLC lifted its holdings in shares of Healthcare Services Group by 69.1% in the 2nd quarter. Riverhead Capital Management LLC now owns 4,059 shares of the business services provider’s stock worth $190,000 after acquiring an additional 1,659 shares during the last quarter. Institutional investors and hedge funds own 91.37% of the company’s stock.

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)

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.