Rice Hall James & Associates LLC Has $19,053,000 Position in Healthcare Services Group Inc. (HCSG)
Rice Hall James & Associates LLC lowered its stake in shares of Healthcare Services Group Inc. (NASDAQ:HCSG) by 0.8% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 460,446 shares of the company’s stock after selling 3,831 shares during the period. Healthcare Services Group makes up approximately 1.1% of Rice Hall James & Associates LLC’s investment portfolio, making the stock its 20th largest position. Rice Hall James & Associates LLC owned 0.63% of Healthcare Services Group worth $19,053,000 at the end of the most recent quarter.
Several other large investors also recently made changes to their positions in HCSG. BlackRock Group LTD increased its stake in shares of Healthcare Services Group by 8.3% in the first quarter. BlackRock Group LTD now owns 89,297 shares of the company’s stock valued at $3,287,000 after buying an additional 6,839 shares in the last quarter. Credit Agricole S A increased its stake in shares of Healthcare Services Group by 113.8% in the first quarter. Credit Agricole S A now owns 52,600 shares of the company’s stock valued at $1,936,000 after buying an additional 28,000 shares in the last quarter. Nisa Investment Advisors L.L.C. increased its stake in shares of Healthcare Services Group by 19.6% in the first quarter. Nisa Investment Advisors L.L.C. now owns 26,800 shares of the company’s stock valued at $987,000 after buying an additional 4,400 shares in the last quarter. BlackRock Inc. increased its stake in shares of Healthcare Services Group by 100.2% in the first quarter. BlackRock Inc. now owns 4,693 shares of the company’s stock valued at $173,000 after buying an additional 2,349 shares in the last quarter. Finally, Miles Capital Inc. acquired a new stake in shares of Healthcare Services Group during the first quarter valued at about $248,000. 94.89% of the stock is owned by institutional investors and hedge funds.
Shares of Healthcare Services Group Inc. (NASDAQ:HCSG) traded up 0.18% on Monday, reaching $39.65. The company’s stock had a trading volume of 250,262 shares. The stock has a market cap of $2.87 billion, a PE ratio of 45.52 and a beta of 0.64. The company’s 50 day moving average is $39.06 and its 200-day moving average is $38.52. Healthcare Services Group Inc. has a 1-year low of $31.50 and a 1-year high of $42.18.
Healthcare Services Group (NASDAQ:HCSG) last released its earnings results on Tuesday, July 12th. The company reported $0.26 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.26. The company earned $386.56 million during the quarter, compared to analysts’ expectations of $392.26 million. Healthcare Services Group had a return on equity of 20.70% and a net margin of 4.25%. The business’s revenue for the quarter was up 8.8% on a year-over-year basis. During the same period last year, the firm earned $0.23 EPS. On average, equities analysts predict that Healthcare Services Group Inc. will post $1.05 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Friday, September 23rd. Stockholders of record on Friday, August 19th were paid a $0.1838 dividend. This is a boost from Healthcare Services Group’s previous quarterly dividend of $0.18. This represents a $0.74 annualized dividend and a dividend yield of 1.85%. The ex-dividend date of this dividend was Wednesday, August 17th. Healthcare Services Group’s dividend payout ratio (DPR) is 83.15%.
HCSG has been the subject of several research analyst reports. Jefferies Group increased their price objective on Healthcare Services Group from $36.00 to $41.00 and gave the stock a “hold” rating in a research note on Wednesday, July 13th. Zacks Investment Research raised Healthcare Services Group from a “sell” rating to a “hold” rating in a research note on Friday, September 23rd. William Blair downgraded Healthcare Services Group from an “outperform” rating to a “market perform” rating in a research note on Wednesday, September 7th. Finally, Robert W. Baird initiated coverage on Healthcare Services Group in a research note on Friday, September 16th. They issued an “outperform” rating and a $46.00 price objective for the company. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $42.33.
In related news, Director Robert L. Frome sold 3,365 shares of Healthcare Services Group stock in a transaction on Tuesday, July 19th. The stock was sold at an average price of $38.10, for a total transaction of $128,206.50. Following the completion of the sale, the director now directly owns 33,866 shares of the company’s stock, valued at $1,290,294.60. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 4.80% of the company’s stock.
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. The Company caters to nursing homes, retirement complexes, rehabilitation centers and hospitals located in the United States.
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