EAM Investors LLC acquired a new position in shares of Healthcare Services Group, Inc. (NASDAQ:HCSG) in the third quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 41,579 shares of the business services provider’s stock, valued at approximately $2,244,000. EAM Investors LLC owned about 0.06% of Healthcare Services Group as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in Healthcare Services Group by 9.8% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,700 shares of the business services provider’s stock valued at $126,000 after purchasing an additional 242 shares in the last quarter. LS Investment Advisors LLC increased its holdings in Healthcare Services Group by 4.0% in the 2nd quarter. LS Investment Advisors LLC now owns 2,834 shares of the business services provider’s stock valued at $133,000 after purchasing an additional 108 shares in the last quarter. Public Employees Retirement System of Ohio increased its holdings in Healthcare Services Group by 4.7% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 3,005 shares of the business services provider’s stock valued at $141,000 after purchasing an additional 135 shares in the last quarter. Bruderman Asset Management LLC acquired a new stake in Healthcare Services Group in the 2nd quarter valued at $170,000. Finally, Riverhead Capital Management LLC increased its holdings in Healthcare Services Group by 69.1% in the 2nd quarter. Riverhead Capital Management LLC now owns 4,059 shares of the business services provider’s stock valued at $190,000 after purchasing an additional 1,659 shares in the last quarter. Hedge funds and other institutional investors own 92.25% of the company’s stock.
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Several analysts recently issued reports on the company. Zacks Investment Research downgraded Healthcare Services Group from a “buy” rating to a “hold” rating in a report on Friday, October 20th. Jefferies Group LLC reiterated a “hold” rating and issued a $49.00 price target on shares of Healthcare Services Group in a report on Tuesday, August 22nd. BidaskClub downgraded Healthcare Services Group from a “strong-buy” rating to a “buy” rating in a report on Thursday, August 3rd. Robert W. Baird reiterated a “buy” rating and issued a $52.00 price target on shares of Healthcare Services Group in a report on Wednesday, October 4th. Finally, Credit Suisse Group reiterated an “outperform” rating and issued a $62.00 price target (up from $56.00) on shares of Healthcare Services Group in a report on Friday, November 3rd. Two equities research analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $54.80.
Healthcare Services Group (NASDAQ:HCSG) last posted its quarterly earnings data on Tuesday, October 17th. The business services provider reported $0.31 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.31. The company had revenue of $491.40 million during the quarter, compared to analysts’ expectations of $485.53 million. Healthcare Services Group had a net margin of 5.00% and a return on equity of 24.17%. The firm’s revenue for the quarter was up 25.1% on a year-over-year basis. During the same period in the prior year, the company posted $0.27 EPS. analysts forecast that Healthcare Services Group, Inc. will post 1.24 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, December 22nd. Stockholders of record on Friday, November 17th will be given a dividend of $0.19 per share. This is a boost from Healthcare Services Group’s previous quarterly dividend of $0.19. The ex-dividend date is Thursday, November 16th. This represents a $0.76 annualized dividend and a dividend yield of 1.49%. Healthcare Services Group’s dividend payout ratio (DPR) is presently 63.87%.
In related news, insider Michael E. Mcbryan sold 22,500 shares of the stock in a transaction dated Friday, November 3rd. The shares were sold at an average price of $53.03, for a total transaction of $1,193,175.00. Following the sale, the insider now owns 14,413 shares in the company, valued at $764,321.39. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director John Briggs sold 2,500 shares of the stock in a transaction dated Tuesday, August 29th. The stock was sold at an average price of $50.75, for a total transaction of $126,875.00. Following the sale, the director now owns 18,579 shares in the company, valued at approximately $942,884.25. The disclosure for this sale can be found here. Insiders have sold 25,800 shares of company stock worth $1,362,450 in the last ninety days. Corporate insiders own 4.30% of the company’s stock.
Healthcare Services Group 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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