Insider Selling: Healthcare Services Group, Inc. (HCSG) Director Sells 5,001 Shares of Stock

Healthcare Services Group, Inc. (NASDAQ:HCSG) Director Robert J. Moss sold 5,001 shares of the firm’s stock in a transaction on Wednesday, November 7th. The shares were sold at an average price of $43.95, for a total value of $219,793.95. Following the sale, the director now directly owns 5,001 shares of the company’s stock, valued at $219,793.95. The transaction was disclosed in a document filed with the SEC, which is available through this link.

Shares of HCSG opened at $44.11 on Friday. The firm has a market capitalization of $3.26 billion, a price-to-earnings ratio of 45.51 and a beta of 0.71. Healthcare Services Group, Inc. has a 52 week low of $35.04 and a 52 week high of $56.20.

Healthcare Services Group (NASDAQ:HCSG) last announced its quarterly earnings data 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). The firm had revenue of $506.90 million during the quarter, compared to the consensus estimate of $510.27 million. Healthcare Services Group had a net margin of 3.59% and a return on equity of 17.80%. The firm’s quarterly revenue was up 3.2% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.31 earnings per share. On average, equities research analysts predict that Healthcare Services Group, Inc. will post 1.44 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, December 28th. Stockholders of record on Friday, November 23rd will be given a $0.195 dividend. This is a positive change from Healthcare Services Group’s previous quarterly dividend of $0.19. This represents a $0.78 annualized dividend and a dividend yield of 1.77%. The ex-dividend date is Wednesday, November 21st. Healthcare Services Group’s dividend payout ratio (DPR) is currently 64.71%.

Large investors have recently bought and sold shares of the company. Raymond James Trust N.A. bought a new position in shares of Healthcare Services Group in the 2nd quarter worth $203,000. Brookstone Capital Management bought a new position in shares of Healthcare Services Group in the 2nd quarter worth $203,000. Allianz Asset Management GmbH bought a new position in shares of Healthcare Services Group in the 1st quarter worth $212,000. Signature Financial Management Inc. bought a new position in shares of Healthcare Services Group in the 2nd quarter worth $216,000. Finally, Eqis Capital Management Inc. bought a new position in shares of Healthcare Services Group in the 2nd quarter worth $222,000.

A number of research analysts have commented on the company. BidaskClub upgraded Healthcare Services Group from a “sell” rating to a “hold” rating in a research report on Wednesday, October 10th. Benchmark reiterated a “buy” rating on shares of Healthcare Services Group in a research report on Wednesday, July 18th. Zacks Investment Research lowered Healthcare Services Group from a “hold” rating to a “sell” rating in a research report on Wednesday, October 3rd. Finally, ValuEngine upgraded Healthcare Services Group from a “sell” rating to a “hold” rating in a research report on Friday, October 12th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $46.00.

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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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