Healthcare Services Group, Inc. (NASDAQ:HCSG) Director John Briggs sold 2,500 shares of the company’s stock in a transaction on Tuesday, August 29th. The shares were sold at an average price of $50.75, for a total value of $126,875.00. Following the sale, the director now directly owns 18,579 shares of the company’s stock, valued at $942,884.25. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

John Briggs also recently made the following trade(s):

  • On Wednesday, June 7th, John Briggs sold 2,500 shares of Healthcare Services Group stock. The shares were sold at an average price of $47.52, for a total value of $118,800.00.

Shares of Healthcare Services Group, Inc. (NASDAQ:HCSG) traded up 1.31% during midday trading on Thursday, reaching $51.20. The company had a trading volume of 228,392 shares. Healthcare Services Group, Inc. has a 52-week low of $34.83 and a 52-week high of $54.28. The firm has a market cap of $3.75 billion, a P/E ratio of 44.91 and a beta of 0.61. The company’s 50-day moving average is $51.88 and its 200-day moving average is $46.77.

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

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 22nd. Shareholders of record on Friday, August 18th will be paid a $0.1888 dividend. This represents a $0.76 dividend on an annualized basis and a yield of 1.47%. This is a boost from Healthcare Services Group’s previous quarterly dividend of $0.19. The ex-dividend date is Wednesday, August 16th. Healthcare Services Group’s payout ratio is presently 65.22%.

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A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. BlackRock Inc. boosted its position in Healthcare Services Group by 145,799.8% in the first quarter. BlackRock Inc. now owns 8,780,248 shares of the business services provider’s stock worth $378,341,000 after buying an additional 8,774,230 shares during the last quarter. Janus Henderson Group PLC boosted its position in Healthcare Services Group by 173.5% in the second quarter. Janus Henderson Group PLC now owns 2,085,372 shares of the business services provider’s stock worth $97,658,000 after buying an additional 1,322,948 shares during the last quarter. Vanguard Group Inc. boosted its position in Healthcare Services Group by 6.5% in the first quarter. Vanguard Group Inc. now owns 6,832,778 shares of the business services provider’s stock worth $294,424,000 after buying an additional 418,676 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its position in Healthcare Services Group by 25.5% in the first quarter. Massachusetts Financial Services Co. MA now owns 979,394 shares of the business services provider’s stock worth $42,202,000 after buying an additional 199,082 shares during the last quarter. Finally, Geneva Advisors LLC boosted its position in Healthcare Services Group by 734.2% in the second quarter. Geneva Advisors LLC now owns 191,918 shares of the business services provider’s stock worth $8,988,000 after buying an additional 168,911 shares during the last quarter. 91.72% of the stock is owned by hedge funds and other institutional investors.

HCSG has been the subject of several analyst reports. BidaskClub raised Healthcare Services Group from a “buy” rating to a “strong-buy” rating in a report on Wednesday, August 23rd. Stifel Nicolaus reaffirmed a “buy” rating and set a $50.00 target price (up from $48.00) on shares of Healthcare Services Group in a report on Wednesday, July 12th. Jefferies Group LLC reaffirmed a “hold” rating and set a $49.00 target price on shares of Healthcare Services Group in a report on Friday, July 7th. Zacks Investment Research raised Healthcare Services Group from a “hold” rating to a “buy” rating and set a $58.00 target price for the company in a report on Friday, July 14th. Finally, Robert W. Baird upped their target price on Healthcare Services Group from $47.00 to $52.00 and gave the company an “outperform” rating in a report on Wednesday, July 12th. They noted that the move was a valuation call. Two equities research analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $53.00.

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.

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

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