Media headlines about Healthcare Services Group (NASDAQ:HCSG) have trended somewhat positive recently, Accern Sentiment Analysis reports. Accern identifies negative and positive news coverage by analyzing more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Healthcare Services Group earned a daily sentiment score of 0.18 on Accern’s scale. Accern also assigned news coverage about the business services provider an impact score of 46.1724423225026 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
A number of analysts have recently commented on the stock. BidaskClub lowered shares of Healthcare Services Group from a “hold” rating to a “sell” rating in a research report on Thursday. Jefferies Group set a $52.00 price objective on shares of Healthcare Services Group and gave the stock a “hold” rating in a research report on Thursday, October 19th. Zacks Investment Research lowered shares of Healthcare Services Group from a “buy” rating to a “hold” rating in a research report on Tuesday, September 12th. Stifel Nicolaus reissued a “buy” rating on shares of Healthcare Services Group in a research report on Thursday, October 19th. Finally, Credit Suisse Group reissued an “outperform” rating and issued a $62.00 price objective (up previously from $56.00) on shares of Healthcare Services Group in a research report on Friday, November 3rd. One research analyst has rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the company. Healthcare Services Group presently has a consensus rating of “Hold” and an average target price of $54.80.
Shares of Healthcare Services Group (NASDAQ:HCSG) opened at $52.06 on Friday. Healthcare Services Group has a 1 year low of $37.54 and a 1 year high of $55.68. The company has a market cap of $3,810.00, a price-to-earnings ratio of 43.75, a PEG ratio of 3.24 and a beta of 0.62.
The company also recently declared a quarterly dividend, which was paid on Friday, December 22nd. Shareholders of record on Friday, November 17th were given a dividend of $0.19 per share. This is a positive change from Healthcare Services Group’s previous quarterly dividend of $0.19. This represents a $0.76 annualized dividend and a yield of 1.46%. The ex-dividend date of this dividend was Thursday, November 16th. Healthcare Services Group’s dividend payout ratio is 63.87%.
In other Healthcare Services Group news, insider Michael E. Mcbryan sold 22,500 shares of the company’s stock in a transaction on 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 directly owns 14,413 shares of the company’s stock, valued at $764,321.39. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Michael E. Mcbryan sold 800 shares of the company’s stock in a transaction on Wednesday, November 1st. The stock was sold at an average price of $53.00, for a total transaction of $42,400.00. Following the sale, the executive vice president now directly owns 14,413 shares in the company, valued at $763,889. The disclosure for this sale can be found here. Corporate insiders own 4.30% of the company’s stock.
Healthcare Services Group Company 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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