Healthcare Services Group, Inc. (HCSG) Director Robert J. Moss Sells 5,001 Shares of Stock

Healthcare Services Group, Inc. (NASDAQ:HCSG) Director Robert J. Moss sold 5,001 shares of the company’s stock in a transaction on Wednesday, November 7th. The stock was sold at an average price of $43.95, for a total transaction of $219,793.95. Following the transaction, the director now directly owns 5,001 shares in the company, valued at $219,793.95. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Shares of Healthcare Services Group stock traded up $0.84 on Monday, hitting $48.04. The company’s stock had a trading volume of 774,200 shares, compared to its average volume of 937,668. Healthcare Services Group, Inc. has a 52-week low of $35.04 and a 52-week high of $56.20. The firm has a market capitalization of $3.48 billion, a PE ratio of 40.26 and a beta of 0.72.

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

The company also recently announced a quarterly dividend, which will be paid on Friday, December 28th. Shareholders of record on Friday, November 23rd will be issued a $0.195 dividend. This represents a $0.78 dividend on an annualized basis and a yield of 1.62%. This is a positive change from Healthcare Services Group’s previous quarterly dividend of $0.19. The ex-dividend date of this dividend is Wednesday, November 21st. Healthcare Services Group’s dividend payout ratio is 65.55%.

HCSG has been the topic of a number of recent analyst reports. BidaskClub raised shares of Healthcare Services Group from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, October 24th. Berenberg Bank initiated coverage on shares of Healthcare Services Group in a research note on Thursday, October 4th. They set a “hold” rating and a $40.00 price target on the stock. ValuEngine raised shares of Healthcare Services Group from a “sell” rating to a “hold” rating in a research note on Wednesday, August 22nd. Zacks Investment Research cut shares of Healthcare Services Group from a “hold” rating to a “sell” rating in a research note on Wednesday, October 3rd. Finally, Stephens started coverage on shares of Healthcare Services Group in a research report on Tuesday, October 2nd. They issued an “overweight” rating on the stock. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, six have given a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $46.00.

A number of large investors have recently added to or reduced their stakes in HCSG. Advisors Asset Management Inc. purchased a new position in Healthcare Services Group in the 3rd quarter valued at about $111,000. Raymond James Trust N.A. purchased a new position in Healthcare Services Group in the 2nd quarter valued at about $203,000. Brookstone Capital Management purchased a new position in Healthcare Services Group in the 2nd quarter valued at about $203,000. Allianz Asset Management GmbH purchased a new position in Healthcare Services Group in the 1st quarter valued at about $212,000. Finally, Signature Financial Management Inc. purchased a new position in Healthcare Services Group in the 2nd quarter valued at about $216,000.

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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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