Healthcare Services Group Inc. (HCSG) Plans Quarterly Dividend of $0.19
Healthcare Services Group Inc. (NASDAQ:HCSG) declared a quarterly dividend on Tuesday, October 11th. Stockholders of record on Friday, November 18th will be given a dividend of 0.185 per share on Friday, December 23rd. This represents a $0.74 annualized dividend and a dividend yield of 1.88%. This is a boost from Healthcare Services Group’s previous quarterly dividend of $0.18.
Healthcare Services Group (NASDAQ:HCSG) opened at 39.46 on Wednesday. The stock has a 50 day moving average of $39.15 and a 200 day moving average of $38.76. Healthcare Services Group has a 1-year low of $31.50 and a 1-year high of $42.18. The stock has a market capitalization of $2.86 billion, a P/E ratio of 45.30 and a beta of 0.64.
Healthcare Services Group (NASDAQ:HCSG) last announced its quarterly earnings data on Tuesday, October 11th. The company reported $0.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.27 by $0.00. The company had revenue of $392.70 million for the quarter, compared to analysts’ expectations of $394.10 million. Healthcare Services Group had a net margin of 4.25% and a return on equity of 20.70%. Healthcare Services Group’s revenue was up 9.0% compared to the same quarter last year. During the same period in the previous year, the company posted $0.24 EPS. On average, analysts expect that Healthcare Services Group will post $1.05 earnings per share for the current year.
In related news, Director Robert L. Frome sold 3,365 shares of the business’s stock in a transaction dated Tuesday, July 19th. The shares were sold at an average price of $38.10, for a total value of $128,206.50. Following the sale, the director now directly owns 33,866 shares in the company, valued at approximately $1,290,294.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders own 4.80% of the company’s stock.
Several large investors have recently added to or reduced their stakes in the company. Rhumbline Advisers raised its stake in Healthcare Services Group by 2.4% in the second quarter. Rhumbline Advisers now owns 98,021 shares of the company’s stock valued at $4,056,000 after buying an additional 2,344 shares in the last quarter. Teachers Advisors Inc. raised its stake in Healthcare Services Group by 5.7% in the second quarter. Teachers Advisors Inc. now owns 108,885 shares of the company’s stock valued at $4,506,000 after buying an additional 5,847 shares in the last quarter. Pacad Investment Ltd. acquired a new stake in Healthcare Services Group during the second quarter valued at approximately $699,000. Credit Suisse AG raised its stake in Healthcare Services Group by 180.9% in the second quarter. Credit Suisse AG now owns 396,000 shares of the company’s stock valued at $16,386,000 after buying an additional 255,047 shares in the last quarter. Finally, Miles Capital Inc. raised its stake in Healthcare Services Group by 1.5% in the second quarter. Miles Capital Inc. now owns 6,847 shares of the company’s stock valued at $283,000 after buying an additional 99 shares in the last quarter. Institutional investors and hedge funds own 94.89% of the company’s stock.
HCSG has been the topic of several recent research reports. Zacks Investment Research raised shares of Healthcare Services Group from a “sell” rating to a “hold” rating in a research note on Friday, September 23rd. Robert W. Baird started coverage on shares of Healthcare Services Group in a research note on Friday, September 16th. They set an “outperform” rating and a $46.00 price target on the stock. William Blair cut shares of Healthcare Services Group from an “outperform” rating to a “market perform” rating in a research note on Wednesday, September 7th. Finally, Jefferies Group upped their price target on shares of Healthcare Services Group from $36.00 to $41.00 and gave the stock a “hold” rating in a research note on Wednesday, July 13th. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $42.33.
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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