Healthcare Services Group, Inc. (NASDAQ:HCSG) Director Robert J. Moss sold 5,001 shares of the company’s stock in a transaction dated Wednesday, November 7th. The stock was sold at an average price of $43.95, for a total value of $219,793.95. Following the completion of the transaction, the director now owns 5,001 shares of the company’s stock, valued at $219,793.95. The transaction was disclosed in a filing with the SEC, which is available at this link.

NASDAQ HCSG opened at $44.11 on Friday. Healthcare Services Group, Inc. has a 1-year low of $35.04 and a 1-year high of $56.20. The stock has a market capitalization of $3.26 billion, a PE ratio of 45.61 and a beta of 0.71.

Healthcare Services Group (NASDAQ:HCSG) last released its earnings results on Tuesday, October 16th. The business services provider reported $0.35 earnings per share for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.02). Healthcare Services Group had a net margin of 3.59% and a return on equity of 17.80%. The company had revenue of $506.90 million during the quarter, compared to the consensus estimate of $510.27 million. During the same period last year, the firm posted $0.31 EPS. The company’s revenue was up 3.2% on a year-over-year basis. On average, analysts expect that Healthcare Services Group, Inc. will post 1.44 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, December 28th. Stockholders of record on Friday, November 23rd will be paid a $0.195 dividend. This represents a $0.78 dividend on an annualized basis and a dividend yield of 1.77%. The ex-dividend date of this dividend is Wednesday, November 21st. This is a positive change from Healthcare Services Group’s previous quarterly dividend of $0.19. Healthcare Services Group’s payout ratio is 64.71%.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Crawford Investment Counsel Inc. bought a new stake in shares of Healthcare Services Group in the 3rd quarter valued at about $2,515,000. Elk Creek Partners LLC lifted its stake in shares of Healthcare Services Group by 127.1% in the 3rd quarter. Elk Creek Partners LLC now owns 499,512 shares of the business services provider’s stock valued at $20,290,000 after acquiring an additional 279,554 shares during the last quarter. FMR LLC lifted its stake in shares of Healthcare Services Group by 40.1% in the 3rd quarter. FMR LLC now owns 3,124,716 shares of the business services provider’s stock valued at $126,927,000 after acquiring an additional 894,696 shares during the last quarter. Bahl & Gaynor Inc. lifted its stake in shares of Healthcare Services Group by 34.3% in the 3rd quarter. Bahl & Gaynor Inc. now owns 294,658 shares of the business services provider’s stock valued at $11,969,000 after acquiring an additional 75,290 shares during the last quarter. Finally, American International Group Inc. lifted its stake in shares of Healthcare Services Group by 1.3% in the 3rd quarter. American International Group Inc. now owns 197,723 shares of the business services provider’s stock valued at $8,032,000 after acquiring an additional 2,464 shares during the last quarter.

A number of equities analysts have recently issued reports on the company. Benchmark reiterated a “buy” rating on shares of Healthcare Services Group in a report on Wednesday, July 18th. ValuEngine cut Healthcare Services Group from a “hold” rating to a “sell” rating in a report on Thursday, July 19th. Stifel Nicolaus cut Healthcare Services Group from a “hold” rating to a “sell” rating and cut their price objective for the stock from $44.00 to $35.00 in a report on Wednesday, July 18th. Zacks Investment Research cut Healthcare Services Group from a “hold” rating to a “sell” rating in a report on Thursday, August 30th. Finally, BidaskClub cut Healthcare Services Group from a “hold” rating to a “sell” rating in a report on Thursday, July 19th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $46.00.

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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 to nursing homes, retirement complexes, rehabilitation centers, and hospitals in the United States. It operates through two segments, Housekeeping and Dietary.

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