Segall Bryant & Hamill LLC Has $33.89 Million Position in Healthcare Services Group, Inc. (HCSG)

Segall Bryant & Hamill LLC trimmed its position in Healthcare Services Group, Inc. (NASDAQ:HCSG) by 0.9% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 779,349 shares of the business services provider’s stock after selling 7,342 shares during the quarter. Segall Bryant & Hamill LLC’s holdings in Healthcare Services Group were worth $33,886,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in HCSG. Captrust Financial Advisors purchased a new stake in Healthcare Services Group in the 4th quarter worth approximately $118,000. Israel Discount Bank of New York increased its holdings in Healthcare Services Group by 112.2% in the 4th quarter. Israel Discount Bank of New York now owns 2,515 shares of the business services provider’s stock worth $133,000 after acquiring an additional 1,330 shares in the last quarter. We Are One Seven LLC purchased a new stake in Healthcare Services Group in the 4th quarter worth approximately $155,000. Whittier Trust Co. of Nevada Inc. increased its holdings in Healthcare Services Group by 61.7% in the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 3,670 shares of the business services provider’s stock worth $160,000 after acquiring an additional 1,400 shares in the last quarter. Finally, M&T Bank Corp purchased a new stake in Healthcare Services Group in the 4th quarter worth approximately $208,000. 97.92% of the stock is owned by institutional investors.

HCSG traded up $0.42 during trading on Thursday, reaching $42.05. 8,707 shares of the company traded hands, compared to its average volume of 1,104,475. Healthcare Services Group, Inc. has a 12-month low of $35.04 and a 12-month high of $56.20. The firm has a market cap of $2.88 billion, a P/E ratio of 35.40, a price-to-earnings-growth ratio of 2.31 and a beta of 0.81.

Healthcare Services Group (NASDAQ:HCSG) last announced its quarterly earnings data on Tuesday, April 17th. The business services provider reported $0.00 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.38 by ($0.38). Healthcare Services Group had a net margin of 3.38% and a return on equity of 16.99%. The company had revenue of $501.81 million for the quarter, compared to analysts’ expectations of $505.44 million. During the same period last year, the business earned $0.30 earnings per share. The company’s quarterly revenue was up 24.1% compared to the same quarter last year. equities research analysts expect that Healthcare Services Group, Inc. will post 1.54 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 29th. Shareholders of record on Friday, May 25th will be issued a dividend of $0.1925 per share. This is a positive change from Healthcare Services Group’s previous quarterly dividend of $0.19. This represents a $0.77 dividend on an annualized basis and a yield of 1.83%. The ex-dividend date is Thursday, May 24th. Healthcare Services Group’s dividend payout ratio (DPR) is 64.71%.

Several equities research analysts recently issued reports on the stock. Benchmark assumed coverage on shares of Healthcare Services Group in a report on Tuesday. They issued a “buy” rating and a $50.00 target price for the company. BidaskClub raised shares of Healthcare Services Group from a “strong sell” rating to a “sell” rating in a report on Thursday, June 7th. ValuEngine raised shares of Healthcare Services Group from a “strong sell” rating to a “sell” rating in a report on Wednesday, June 6th. William Blair raised shares of Healthcare Services Group from a “market perform” rating to an “outperform” rating in a report on Wednesday, June 6th. Finally, Zacks Investment Research lowered shares of Healthcare Services Group from a “hold” rating to a “strong sell” rating in a report on Tuesday, May 1st. Three equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $46.33.

In other news, Director Robert J. Moss sold 2,000 shares of the stock in a transaction that occurred on Monday, March 19th. The stock was sold at an average price of $44.50, for a total transaction of $89,000.00. Following the completion of the transaction, the director now directly owns 2,000 shares in the company, valued at approximately $89,000. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Dino D. Ottaviano sold 1,500 shares of the stock in a transaction that occurred on Friday, March 16th. The shares were sold at an average price of $45.15, for a total value of $67,725.00. Following the transaction, the director now owns 2,044 shares of the company’s stock, valued at $92,286.60. The disclosure for this sale can be found here. Company insiders own 1.00% of the company’s stock.

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 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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Institutional Ownership by Quarter for Healthcare Services Group (NASDAQ:HCSG)

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