Fortaleza Asset Management Inc. held its position in shares of Healthcare Services Group, Inc. (NASDAQ:HCSG) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 4,990 shares of the business services provider’s stock at the end of the second quarter. Fortaleza Asset Management Inc.’s holdings in Healthcare Services Group were worth $234,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in HCSG. LS Investment Advisors LLC increased its position in shares of Healthcare Services Group by 4.0% in the second quarter. LS Investment Advisors LLC now owns 2,834 shares of the business services provider’s stock worth $133,000 after buying an additional 108 shares in the last quarter. HighTower Advisors LLC acquired a new position in shares of Healthcare Services Group during the first quarter worth $202,000. Emerald Advisers Inc. PA acquired a new position in shares of Healthcare Services Group during the first quarter worth $204,000. Harfst & Associates Inc. acquired a new position in shares of Healthcare Services Group during the first quarter worth $206,000. Finally, Everence Capital Management Inc. acquired a new position in shares of Healthcare Services Group during the first quarter worth $213,000. 92.67% of the stock is owned by institutional investors and hedge funds.

Shares of Healthcare Services Group, Inc. (NASDAQ:HCSG) traded down 0.18% during trading on Friday, hitting $50.62. 301,423 shares of the company’s stock were exchanged. The stock has a market cap of $3.70 billion, a P/E ratio of 44.40 and a beta of 0.61. Healthcare Services Group, Inc. has a one year low of $34.83 and a one year high of $54.28. The firm has a 50-day moving average price of $51.02 and a 200-day moving average price of $46.05.

Healthcare Services Group (NASDAQ:HCSG) last posted its quarterly earnings results on Tuesday, July 11th. The business services provider reported $0.30 EPS for the quarter, beating the consensus estimate of $0.29 by $0.01. Healthcare Services Group had a net margin of 5.07% and a return on equity of 24.12%. The business had revenue of $470.90 million during the quarter, compared to analyst estimates of $425.24 million. During the same quarter in the previous year, the business posted $0.26 EPS. The company’s quarterly revenue was up 21.8% compared to the same quarter last year. Equities research analysts expect that Healthcare Services Group, Inc. will post $1.25 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 22nd. Investors of record on Friday, August 18th will be paid a dividend of $0.1888 per share. This represents a $0.76 annualized dividend and a dividend yield of 1.49%. The ex-dividend date is Wednesday, August 16th. This is a positive change from Healthcare Services Group’s previous quarterly dividend of $0.19. Healthcare Services Group’s payout ratio is 65.22%.

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HCSG has been the subject of a number of analyst reports. Stifel Nicolaus raised their target price on shares of Healthcare Services Group from $46.00 to $48.00 and gave the company a “buy” rating in a research note on Monday, May 1st. BidaskClub downgraded shares of Healthcare Services Group from a “strong-buy” rating to a “buy” rating in a research note on Thursday, August 3rd. Zacks Investment Research raised shares of Healthcare Services Group from a “hold” rating to a “buy” rating and set a $58.00 target price for the company in a research note on Friday, July 14th. Jefferies Group LLC reaffirmed a “hold” rating and set a $49.00 target price on shares of Healthcare Services Group in a research note on Friday, July 7th. Finally, Robert W. Baird raised their target price on shares of Healthcare Services Group from $47.00 to $52.00 and gave the company an “outperform” rating in a research note on Wednesday, July 12th. They noted that the move was a valuation call. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Healthcare Services Group presently has an average rating of “Buy” and an average target price of $53.00.

In related news, insider Michael E. Mcbryan sold 22,500 shares of the business’s stock in a transaction that occurred on Friday, August 4th. The shares were sold at an average price of $51.82, for a total transaction of $1,165,950.00. Following the completion of the transaction, the insider now owns 32,542 shares in the company, valued at approximately $1,686,326.44. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Robert L. Frome sold 7,485 shares of the business’s stock in a transaction that occurred on Friday, June 9th. The stock was sold at an average price of $47.00, for a total transaction of $351,795.00. Following the transaction, the director now owns 37,986 shares of the company’s stock, valued at approximately $1,785,342. The disclosure for this sale can be found here. In the last quarter, insiders have sold 49,235 shares of company stock valued at $2,494,065. 4.30% of the stock is currently owned by company insiders.

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, including nursing homes, retirement complexes, rehabilitation centers and hospitals located throughout the United States.

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Institutional Ownership by Quarter for Healthcare Services Group (NASDAQ:HCSG)

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