Healthcare Services Group, Inc. (NASDAQ:HCSG) Director Dino D. Ottaviano sold 700 shares of the firm’s stock in a transaction that occurred on Friday, November 30th. The shares were sold at an average price of $46.98, for a total value of $32,886.00. Following the transaction, the director now directly owns 1,244 shares of the company’s stock, valued at approximately $58,443.12. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

Shares of Healthcare Services Group stock traded down $3.97 on Thursday, reaching $42.24. The company’s stock had a trading volume of 23,524 shares, compared to its average volume of 555,999. The firm has a market cap of $3.41 billion, a price-to-earnings ratio of 36.00 and a beta of 0.73. Healthcare Services Group, Inc. has a 52 week low of $35.04 and a 52 week high of $56.20.

Healthcare Services Group (NASDAQ:HCSG) last posted its earnings results on Tuesday, October 16th. The business services provider reported $0.35 EPS for the quarter, missing the Zacks’ consensus estimate of $0.37 by ($0.02). The business had revenue of $506.90 million during the quarter, compared to the consensus estimate of $510.27 million. Healthcare Services Group had a return on equity of 17.80% and a net margin of 3.59%. The firm’s revenue for the quarter was up 3.2% on a year-over-year basis. During the same period in the previous year, the business posted $0.31 EPS. On average, research analysts expect that Healthcare Services Group, Inc. will post 1.44 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 28th. Shareholders of record on Friday, November 23rd will be issued a $0.195 dividend. This is a positive change from Healthcare Services Group’s previous quarterly dividend of $0.19. The ex-dividend date of this dividend is Wednesday, November 21st. This represents a $0.78 dividend on an annualized basis and a dividend yield of 1.85%. Healthcare Services Group’s dividend payout ratio (DPR) is presently 65.55%.

A number of research analysts recently weighed in on the company. Zacks Investment Research raised Healthcare Services Group from a “sell” rating to a “hold” rating in a research report on Wednesday, September 19th. ValuEngine lowered Healthcare Services Group from a “hold” rating to a “sell” rating in a research report on Tuesday, October 2nd. Jefferies Financial Group set a $53.00 price objective on Healthcare Services Group and gave the company a “buy” rating in a research report on Tuesday, October 2nd. BidaskClub raised Healthcare Services Group from a “sell” rating to a “hold” rating in a research report on Wednesday, October 10th. Finally, Stephens assumed coverage on Healthcare Services Group in a report on Tuesday, October 2nd. They issued an “overweight” rating for the company. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $46.00.

Several institutional investors have recently bought and sold shares of the business. Great Lakes Advisors LLC bought a new stake in shares of Healthcare Services Group in the 3rd quarter worth $10,384,000. Vanguard Group Inc. boosted its stake in shares of Healthcare Services Group by 2.2% in the 3rd quarter. Vanguard Group Inc. now owns 6,969,490 shares of the business services provider’s stock worth $283,101,000 after buying an additional 151,999 shares during the last quarter. Legal & General Group Plc boosted its stake in shares of Healthcare Services Group by 5.3% in the 3rd quarter. Legal & General Group Plc now owns 74,200 shares of the business services provider’s stock worth $3,014,000 after buying an additional 3,718 shares during the last quarter. Teachers Advisors LLC boosted its stake in shares of Healthcare Services Group by 2.1% in the 3rd quarter. Teachers Advisors LLC now owns 151,656 shares of the business services provider’s stock worth $6,160,000 after buying an additional 3,086 shares during the last quarter. Finally, Ashford Capital Management Inc. boosted its stake in shares of Healthcare Services Group by 15.3% in the 3rd quarter. Ashford Capital Management Inc. now owns 22,964 shares of the business services provider’s stock worth $933,000 after buying an additional 3,040 shares during the last quarter.

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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 to nursing homes, retirement complexes, rehabilitation centers, and hospitals in the United States. It operates through two segments, Housekeeping and Dietary.

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