Insider Selling: Healthcare Services Group, Inc. (HCSG) Director Sells 700 Shares of Stock

Healthcare Services Group, Inc. (NASDAQ:HCSG) Director Dino D. Ottaviano sold 700 shares of the business’s stock in a transaction on Friday, November 30th. The shares were sold at an average price of $46.98, for a total transaction of $32,886.00. Following the transaction, the director now directly owns 1,244 shares in the company, valued at $58,443.12. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website.

Shares of HCSG stock traded up $0.84 during mid-day trading on Monday, reaching $48.04. 774,200 shares of the company’s stock traded hands, compared to its average volume of 937,668. Healthcare Services Group, Inc. has a 12 month low of $35.04 and a 12 month high of $56.20. The stock has a market cap of $3.48 billion, a PE ratio of 40.26 and a beta of 0.72.

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

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

A number of research analysts have issued reports on HCSG shares. ValuEngine raised shares of Healthcare Services Group from a “sell” rating to a “hold” rating in a research report on Wednesday, August 22nd. BidaskClub raised shares of Healthcare Services Group from a “sell” rating to a “hold” rating in a research report on Wednesday, October 10th. Stephens started coverage on shares of Healthcare Services Group in a research report on Tuesday, October 2nd. They set an “overweight” rating on the stock. Jefferies Financial Group set a $53.00 price objective on shares of Healthcare Services Group and gave the company a “buy” rating in a research report on Tuesday, October 2nd. Finally, Zacks Investment Research cut shares of Healthcare Services Group from a “hold” rating to a “sell” rating in a report on Wednesday, October 3rd. One research analyst has rated the stock with a sell rating, three have issued a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $46.00.

Several hedge funds have recently made changes to their positions in HCSG. FMR LLC bought a new stake in shares of Healthcare Services Group during the 2nd quarter valued at $96,315,000. Janus Henderson Group PLC boosted its holdings in shares of Healthcare Services Group by 52.6% during the 2nd quarter. Janus Henderson Group PLC now owns 3,732,363 shares of the business services provider’s stock valued at $161,201,000 after buying an additional 1,286,629 shares in the last quarter. Van Berkom & Associates Inc. boosted its holdings in shares of Healthcare Services Group by 290.8% during the 3rd quarter. Van Berkom & Associates Inc. now owns 1,142,666 shares of the business services provider’s stock valued at $46,415,000 after buying an additional 850,262 shares in the last quarter. Franklin Resources Inc. boosted its holdings in shares of Healthcare Services Group by 413.2% during the 3rd quarter. Franklin Resources Inc. now owns 929,772 shares of the business services provider’s stock valued at $37,767,000 after buying an additional 748,590 shares in the last quarter. Finally, Waddell & Reed Financial Inc. boosted its stake in Healthcare Services Group by 121.9% in the 2nd quarter. Waddell & Reed Financial Inc. now owns 1,218,984 shares of the business services provider’s stock worth $52,648,000 after purchasing an additional 669,670 shares in the last quarter.

WARNING: “Insider Selling: Healthcare Services Group, Inc. (HCSG) Director Sells 700 Shares of Stock” was first posted by Community Financial News and is the sole property of of Community Financial News. If you are reading this news story on another website, it was illegally stolen and reposted in violation of US and international copyright laws. The legal version of this news story can be accessed at https://www.com-unik.info/2018/12/03/insider-selling-healthcare-services-group-inc-hcsg-director-sells-700-shares-of-stock.html.

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.

Read More: What Are Treasury Bonds?

Insider Buying and Selling by Quarter for Healthcare Services Group (NASDAQ:HCSG)

Receive News & Ratings for Healthcare Services Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Healthcare Services Group and related companies with MarketBeat.com's FREE daily email newsletter.

Comments

Leave a Reply


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