Insider Selling: Healthcare Services Group, Inc. (HCSG) EVP Sells $42,400.00 in Stock

Healthcare Services Group, Inc. (NASDAQ:HCSG) EVP Michael E. Mcbryan sold 800 shares of the stock in a transaction on Wednesday, November 1st. The stock was sold at an average price of $53.00, for a total value of $42,400.00. Following the transaction, the executive vice president now owns 14,413 shares in the company, valued at approximately $763,889. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

Healthcare Services Group, Inc. (HCSG) opened at $53.19 on Monday. The stock has a market cap of $3,897.39, a PE ratio of 44.70, a PEG ratio of 3.89 and a beta of 0.64.

Healthcare Services Group (NASDAQ:HCSG) last released its earnings results on Tuesday, October 17th. The business services provider reported $0.31 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.31. Healthcare Services Group had a return on equity of 24.17% and a net margin of 5.00%. The firm had revenue of $491.40 million for the quarter, compared to analysts’ expectations of $485.53 million. During the same quarter in the previous year, the business posted $0.27 earnings per share. The business’s revenue for the quarter was up 25.1% on a year-over-year basis. sell-side analysts expect that Healthcare Services Group, Inc. will post 1.24 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 22nd. Shareholders of record on Friday, November 17th will be given a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a yield of 1.43%. The ex-dividend date is Thursday, November 16th. This is a boost from Healthcare Services Group’s previous quarterly dividend of $0.19. Healthcare Services Group’s payout ratio is currently 63.03%.

COPYRIGHT VIOLATION NOTICE: “Insider Selling: Healthcare Services Group, Inc. (HCSG) EVP Sells $42,400.00 in Stock” was originally posted by Community Financial News and is the property of of Community Financial News. If you are accessing this news story on another publication, it was illegally stolen and republished in violation of United States and international copyright and trademark laws. The correct version of this news story can be viewed at https://www.com-unik.info/2017/11/06/insider-selling-healthcare-services-group-inc-hcsg-evp-sells-42400-00-in-stock.html.

Institutional investors have recently added to or reduced their stakes in the business. Strs Ohio grew its position in Healthcare Services Group by 16.9% in the second quarter. Strs Ohio now owns 9,000 shares of the business services provider’s stock valued at $421,000 after acquiring an additional 1,300 shares during the last quarter. SG Americas Securities LLC boosted its stake in shares of Healthcare Services Group by 720.8% during the second quarter. SG Americas Securities LLC now owns 23,466 shares of the business services provider’s stock valued at $1,099,000 after purchasing an additional 20,607 shares in the last quarter. Aperio Group LLC boosted its stake in shares of Healthcare Services Group by 20.1% during the second quarter. Aperio Group LLC now owns 32,715 shares of the business services provider’s stock valued at $1,532,000 after purchasing an additional 5,474 shares in the last quarter. TIAA CREF Investment Management LLC boosted its stake in shares of Healthcare Services Group by 1.4% during the second quarter. TIAA CREF Investment Management LLC now owns 192,535 shares of the business services provider’s stock valued at $9,016,000 after purchasing an additional 2,601 shares in the last quarter. Finally, Vanguard Group Inc. boosted its stake in shares of Healthcare Services Group by 6.5% during the first quarter. Vanguard Group Inc. now owns 6,832,778 shares of the business services provider’s stock valued at $294,424,000 after purchasing an additional 418,676 shares in the last quarter. Hedge funds and other institutional investors own 90.98% of the company’s stock.

Several research analysts have weighed in on HCSG shares. Robert W. Baird reiterated a “buy” rating and set a $52.00 price objective on shares of Healthcare Services Group in a research report on Wednesday, October 4th. BidaskClub upgraded Healthcare Services Group from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, August 23rd. Zacks Investment Research upgraded Healthcare Services Group from a “hold” rating to a “buy” rating and set a $58.00 price objective on the stock in a research report on Thursday, October 19th. Jefferies Group LLC reiterated a “hold” rating and set a $49.00 price objective on shares of Healthcare Services Group in a research report on Tuesday, August 22nd. Finally, Stifel Nicolaus reiterated a “buy” rating and set a $50.00 price objective (up previously from $48.00) on shares of Healthcare Services Group in a research report on Wednesday, July 12th. Two analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $54.80.

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)

What are top analysts saying about Healthcare Services Group Inc.? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Healthcare Services Group Inc. and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit