Dimensional Fund Advisors LP boosted its position in shares of Healthcare Services Group Inc. (NASDAQ:HCSG) by 14.2% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 1,062,659 shares of the company’s stock after buying an additional 132,359 shares during the period. Dimensional Fund Advisors LP owned 1.47% of Healthcare Services Group worth $43,972,000 at the end of the most recent quarter.
Several other institutional investors have also recently made changes to their positions in the stock. BlackRock Group LTD boosted its position in Healthcare Services Group by 8.3% in the first quarter. BlackRock Group LTD now owns 89,297 shares of the company’s stock valued at $3,287,000 after buying an additional 6,839 shares during the period. Credit Agricole S A boosted its position in Healthcare Services Group by 113.8% in the first quarter. Credit Agricole S A now owns 52,600 shares of the company’s stock valued at $1,936,000 after buying an additional 28,000 shares during the period. Nisa Investment Advisors L.L.C. boosted its position in Healthcare Services Group by 19.6% in the first quarter. Nisa Investment Advisors L.L.C. now owns 26,800 shares of the company’s stock valued at $987,000 after buying an additional 4,400 shares during the period. PNC Financial Services Group Inc. boosted its position in Healthcare Services Group by 32.9% in the second quarter. PNC Financial Services Group Inc. now owns 145,473 shares of the company’s stock valued at $6,021,000 after buying an additional 35,999 shares during the period. Finally, BlackRock Inc. boosted its position in Healthcare Services Group by 100.2% in the first quarter. BlackRock Inc. now owns 4,693 shares of the company’s stock valued at $173,000 after buying an additional 2,349 shares during the period. 94.89% of the stock is currently owned by institutional investors.
Shares of Healthcare Services Group Inc. (NASDAQ:HCSG) opened at 38.06 on Friday. The firm has a 50-day moving average price of $39.03 and a 200 day moving average price of $38.75. Healthcare Services Group Inc. has a 12-month low of $31.50 and a 12-month high of $42.18. The company has a market capitalization of $2.76 billion, a P/E ratio of 43.70 and a beta of 0.64.
Healthcare Services Group (NASDAQ:HCSG) last posted its quarterly earnings data on Tuesday, October 11th. The company reported $0.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.27 by $0.00. The business earned $392.70 million during the quarter. Healthcare Services Group had a return on equity of 20.97% and a net margin of 4.33%. Healthcare Services Group’s revenue for the quarter was up 9.0% on a year-over-year basis. During the same period in the previous year, the business earned $0.24 earnings per share. On average, equities research analysts predict that Healthcare Services Group Inc. will post $1.05 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 23rd. Stockholders of record on Friday, November 18th will be paid a $0.185 dividend. This represents a $0.74 annualized dividend and a dividend yield of 1.94%. This is a positive change from Healthcare Services Group’s previous quarterly dividend of $0.18. The ex-dividend date is Wednesday, November 16th. Healthcare Services Group’s dividend payout ratio (DPR) is presently 80.44%.
Several research firms have recently issued reports on HCSG. Zacks Investment Research raised Healthcare Services Group from a “sell” rating to a “hold” rating in a research note on Friday, September 23rd. Robert W. Baird initiated coverage on Healthcare Services Group in a research report on Friday, September 16th. They set an “outperform” rating and a $46.00 price target on the stock. William Blair lowered Healthcare Services Group from an “outperform” rating to a “market perform” rating in a research report on Wednesday, September 7th. Finally, Jefferies Group lifted their price target on Healthcare Services Group from $36.00 to $41.00 and gave the company a “hold” rating in a research report on Wednesday, July 13th. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $42.33.
In other news, Director Robert L. Frome sold 3,365 shares of the firm’s stock in a transaction that occurred on Tuesday, July 19th. The stock was sold at an average price of $38.10, for a total value of $128,206.50. Following the completion of the sale, the director now directly owns 33,866 shares of the company’s stock, valued at approximately $1,290,294.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 4.80% of the stock is owned by insiders.
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. The Company caters to nursing homes, retirement complexes, rehabilitation centers and hospitals located in the United States.
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