Healthcare Services Group Inc. (NASDAQ:HCSG) Director Daniel P. Mccartney sold 100,000 shares of the company’s stock in a transaction dated Tuesday, November 22nd. The shares were sold at an average price of $38.47, for a total transaction of $3,847,000.00. Following the transaction, the director now directly owns 2,057,244 shares of the company’s stock, valued at approximately $79,142,176.68. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

Shares of Healthcare Services Group Inc. (NASDAQ:HCSG) opened at 39.25 on Thursday. The firm has a market cap of $2.85 billion, a P/E ratio of 43.56 and a beta of 0.67. Healthcare Services Group Inc. has a 52-week low of $31.50 and a 52-week high of $42.18. The company’s 50-day moving average is $37.24 and its 200-day moving average is $38.67.

Healthcare Services Group (NASDAQ:HCSG) last released its quarterly earnings results on Tuesday, October 11th. The company reported $0.27 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.27 by $0.00. Healthcare Services Group had a return on equity of 20.97% and a net margin of 4.33%. The business earned $392.70 million during the quarter. During the same quarter last year, the business earned $0.24 EPS. The company’s revenue for the quarter was up 9.0% compared to the same quarter last year. Equities research analysts forecast that Healthcare Services Group Inc. will post $1.06 earnings per share for the current fiscal year.

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

The business also recently declared a quarterly dividend, which will be paid on Friday, December 23rd. Investors of record on Friday, November 18th will be given a $0.185 dividend. This is a positive change from Healthcare Services Group’s previous quarterly dividend of $0.18. The ex-dividend date is Wednesday, November 16th. This represents a $0.74 dividend on an annualized basis and a dividend yield of 1.89%. Healthcare Services Group’s dividend payout ratio (DPR) is 80.44%.

Several institutional investors have recently added to or reduced their stakes in HCSG. Vanguard Group Inc. raised its position in Healthcare Services Group by 2.5% in the second quarter. Vanguard Group Inc. now owns 6,061,852 shares of the company’s stock worth $250,840,000 after buying an additional 146,501 shares during the period. BlackRock Fund Advisors raised its position in Healthcare Services Group by 6.7% in the third quarter. BlackRock Fund Advisors now owns 5,122,685 shares of the company’s stock worth $202,756,000 after buying an additional 321,844 shares during the period. Price T Rowe Associates Inc. MD raised its position in Healthcare Services Group by 37.1% in the third quarter. Price T Rowe Associates Inc. MD now owns 3,602,797 shares of the company’s stock worth $142,599,000 after buying an additional 975,516 shares during the period. BlackRock Institutional Trust Company N.A. raised its position in Healthcare Services Group by 3.1% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 1,768,578 shares of the company’s stock worth $70,000,000 after buying an additional 53,039 shares during the period. Finally, Janus Capital Management LLC raised its position in Healthcare Services Group by 1.6% in the second quarter. Janus Capital Management LLC now owns 1,674,565 shares of the company’s stock worth $69,293,000 after buying an additional 26,483 shares during the period. Institutional investors and hedge funds own 95.77% of the company’s stock.

A number of research firms have recently commented on HCSG. William Blair downgraded shares of Healthcare Services Group from an “outperform” rating to a “market perform” rating in a research note on Wednesday, September 7th. Zacks Investment Research raised shares of Healthcare Services Group from a “sell” rating to a “hold” rating in a research report on Friday, September 23rd. Finally, Robert W. Baird initiated coverage on shares of Healthcare Services Group in a research report on Friday, September 16th. They set an “outperform” rating and a $46.00 target price for the company. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $42.33.

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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 of the healthcare industry. The Company caters to nursing homes, retirement complexes, rehabilitation centers and hospitals located in the United States.

5 Day Chart for NASDAQ:HCSG

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