Healthcare Services Group, Inc. (NASDAQ:HCSG) Director Robert J. Moss sold 2,000 shares of Healthcare Services Group stock in a transaction on Monday, March 19th. The stock was sold at an average price of $44.50, for a total transaction of $89,000.00. Following the sale, the director now directly owns 2,000 shares of the company’s stock, valued at $89,000. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Shares of Healthcare Services Group stock opened at $44.34 on Thursday. Healthcare Services Group, Inc. has a one year low of $41.05 and a one year high of $56.20. The company has a market cap of $3,284.61, a price-to-earnings ratio of 37.92, a P/E/G ratio of 2.42 and a beta of 0.79.

Healthcare Services Group (NASDAQ:HCSG) last announced its quarterly earnings results on Tuesday, February 6th. The business services provider reported $0.27 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.31 by ($0.04). Healthcare Services Group had a return on equity of 23.17% and a net margin of 4.73%. The company had revenue of $499.41 million for the quarter, compared to analyst estimates of $499.37 million. During the same quarter in the prior year, the business earned $0.28 earnings per share. Healthcare Services Group’s revenue was up 25.3% compared to the same quarter last year. research analysts expect that Healthcare Services Group, Inc. will post 1.67 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 23rd. Shareholders of record on Friday, February 16th will be paid a $0.1913 dividend. The ex-dividend date is Thursday, February 15th. This is a positive change from Healthcare Services Group’s previous quarterly dividend of $0.19. This represents a $0.77 dividend on an annualized basis and a yield of 1.73%. Healthcare Services Group’s payout ratio is currently 64.41%.

Several equities research analysts recently commented on HCSG shares. BidaskClub lowered shares of Healthcare Services Group from a “sell” rating to a “strong sell” rating in a research note on Tuesday, February 27th. Robert W. Baird lowered shares of Healthcare Services Group from an “outperform” rating to a “neutral” rating and set a $52.00 price target on the stock. in a research note on Wednesday, February 7th. Finally, Zacks Investment Research upgraded shares of Healthcare Services Group from a “hold” rating to a “buy” rating and set a $60.00 price target on the stock in a research note on Tuesday, February 6th. 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 company’s stock. The company has an average rating of “Hold” and an average target price of $55.20.

Hedge funds and other institutional investors have recently bought and sold shares of the business. Swiss National Bank increased its stake in Healthcare Services Group by 2.4% in the fourth quarter. Swiss National Bank now owns 124,663 shares of the business services provider’s stock valued at $6,572,000 after purchasing an additional 2,900 shares during the period. Cubist Systematic Strategies LLC purchased a new stake in shares of Healthcare Services Group in the third quarter valued at about $360,000. Russell Investments Group Ltd. boosted its holdings in shares of Healthcare Services Group by 23.9% in the third quarter. Russell Investments Group Ltd. now owns 474,299 shares of the business services provider’s stock valued at $25,598,000 after acquiring an additional 91,418 shares in the last quarter. Public Employees Retirement System of Ohio boosted its holdings in shares of Healthcare Services Group by 949.3% in the third quarter. Public Employees Retirement System of Ohio now owns 31,532 shares of the business services provider’s stock valued at $1,702,000 after acquiring an additional 28,527 shares in the last quarter. Finally, Pinebridge Investments L.P. boosted its holdings in shares of Healthcare Services Group by 165.9% in the fourth quarter. Pinebridge Investments L.P. now owns 24,145 shares of the business services provider’s stock valued at $1,273,000 after acquiring an additional 15,063 shares in the last quarter. Institutional investors own 97.36% of the company’s stock.

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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.

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

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