Healthcare Services Group, Inc. (NASDAQ:HCSG) has been given a consensus rating of “Buy” by the eleven ratings firms that are currently covering the company, Marketbeat reports. One analyst has rated the stock with a sell recommendation, three have issued a hold recommendation, six have given a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $44.80.
Several research firms recently weighed in on HCSG. Zacks Investment Research upgraded Healthcare Services Group from a “sell” rating to a “hold” rating in a research report on Wednesday, September 19th. ValuEngine downgraded Healthcare Services Group from a “hold” rating to a “sell” rating in a research report on Tuesday, October 2nd. Jefferies Financial Group set a $53.00 price objective on Healthcare Services Group and gave the company a “buy” rating in a research report on Tuesday, October 2nd. BidaskClub upgraded Healthcare Services Group from a “sell” rating to a “hold” rating in a research report on Wednesday, October 10th. Finally, Stephens began coverage on Healthcare Services Group in a research report on Tuesday, October 2nd. They issued an “overweight” rating on the stock.
NASDAQ HCSG traded up $0.05 on Monday, hitting $41.68. 891,751 shares of the company traded hands, compared to its average volume of 610,526. The company has a market capitalization of $3.07 billion, a PE ratio of 35.02 and a beta of 0.73. Healthcare Services Group has a 52-week low of $35.04 and a 52-week high of $56.20.
The firm also recently disclosed 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 represents a $0.78 annualized dividend and a dividend yield of 1.87%. This is an increase from Healthcare Services Group’s previous quarterly dividend of $0.19. The ex-dividend date of this dividend is Wednesday, November 21st. Healthcare Services Group’s payout ratio is presently 65.55%.
In related news, Director Robert J. Moss sold 5,001 shares of the business’s stock in a transaction dated Wednesday, November 7th. The stock was 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 in the company, valued at $219,793.95. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Robert J. Moss sold 2,000 shares of the business’s stock in a transaction dated Monday, December 3rd. The stock was sold at an average price of $47.55, for a total value of $95,100.00. Following the completion of the sale, the director now owns 2,000 shares in the company, valued at $95,100. The disclosure for this sale can be found here. Insiders sold 7,701 shares of company stock worth $347,780 over the last 90 days. Company insiders own 1.00% of the company’s stock.
Several large investors have recently bought and sold shares of HCSG. Advisors Asset Management Inc. purchased a new stake in shares of Healthcare Services Group in the third quarter worth about $111,000. Brookstone Capital Management purchased a new stake in shares of Healthcare Services Group in the second quarter worth about $203,000. Allianz Asset Management GmbH purchased a new stake in shares of Healthcare Services Group in the first quarter worth about $212,000. Signature Financial Management Inc. purchased a new stake in shares of Healthcare Services Group in the second quarter worth about $216,000. Finally, Eqis Capital Management Inc. purchased a new stake in shares of Healthcare Services Group in the second quarter worth about $222,000.
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 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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