Rice Hall James & Associates LLC Purchases 410 Shares of Healthcare Services Group, Inc. (NASDAQ:HCSG)

Rice Hall James & Associates LLC boosted its position in Healthcare Services Group, Inc. (NASDAQ:HCSG) by 0.1% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 569,378 shares of the business services provider’s stock after buying an additional 410 shares during the period. Healthcare Services Group comprises about 1.2% of Rice Hall James & Associates LLC’s holdings, making the stock its 15th largest position. Rice Hall James & Associates LLC owned 0.78% of Healthcare Services Group worth $26,664,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. 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. 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. State Street Corp boosted its position in Healthcare Services Group by 8.5% in the first quarter. State Street Corp now owns 1,680,479 shares of the business services provider’s stock worth $72,412,000 after buying an additional 131,987 shares during the last quarter. Finally, American Capital Management Inc. boosted its position in Healthcare Services Group by 53.9% in the first quarter. American Capital Management Inc. now owns 327,914 shares of the business services provider’s stock worth $14,130,000 after buying an additional 114,855 shares during the last quarter. 93.40% of the stock is currently owned by institutional investors and hedge funds.

Shares of Healthcare Services Group, Inc. (HCSG) opened at 51.04 on Friday. The firm has a market capitalization of $3.74 billion, a PE ratio of 44.77 and a beta of 0.61. The company has a 50-day moving average of $50.34 and a 200 day moving average of $45.57. Healthcare Services Group, Inc. has a 12-month low of $34.83 and a 12-month high of $54.28.

Healthcare Services Group (NASDAQ:HCSG) last issued its earnings results on Tuesday, July 11th. The business services provider reported $0.30 EPS for the quarter, topping the consensus estimate of $0.29 by $0.01. The firm had revenue of $470.90 million during the quarter, compared to analysts’ expectations of $425.24 million. Healthcare Services Group had a return on equity of 24.12% and a net margin of 5.07%. Healthcare Services Group’s quarterly revenue was up 21.8% compared to the same quarter last year. During the same period last year, the business earned $0.26 earnings per share. On average, analysts predict that Healthcare Services Group, Inc. will post $1.25 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, September 22nd. Investors of record on Friday, August 18th will be given a $0.1888 dividend. This is a boost from Healthcare Services Group’s previous quarterly dividend of $0.19. This represents a $0.76 annualized dividend and a yield of 1.48%. The ex-dividend date of this dividend is Wednesday, August 16th. Healthcare Services Group’s dividend payout ratio (DPR) is 65.22%.

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A number of research analysts have recently commented on HCSG shares. Jefferies Group LLC reissued a “hold” rating and set a $49.00 target price (up from $41.00) on shares of Healthcare Services Group in a research report on Tuesday, June 6th. Credit Suisse Group started coverage on shares of Healthcare Services Group in a research report on Friday, May 19th. They set an “outperform” rating and a $50.00 target price on the stock. Stifel Nicolaus boosted their target price on shares of Healthcare Services Group from $46.00 to $48.00 and gave the stock a “buy” rating in a research report on Monday, May 1st. BidaskClub raised shares of Healthcare Services Group from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, July 19th. Finally, Robert W. Baird boosted their target price on shares of Healthcare Services Group from $47.00 to $52.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 12th. They noted that the move was a valuation call. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $53.00.

In related news, Director John Briggs sold 2,500 shares of the firm’s stock in a transaction on Wednesday, June 7th. The stock was sold at an average price of $47.52, for a total value of $118,800.00. Following the completion of the transaction, the director now directly owns 22,017 shares of the company’s stock, valued at $1,046,247.84. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Robert L. Frome sold 7,485 shares of the firm’s stock in a transaction on Friday, June 9th. The stock was sold at an average price of $47.00, for a total value of $351,795.00. Following the completion of the transaction, the director now directly owns 37,986 shares of the company’s stock, valued at $1,785,342. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 49,235 shares of company stock valued at $2,494,065. 4.30% of the stock is owned by company insiders.

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 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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