Hillsdale Investment Management Inc. Makes New $3.77 Million Investment in Healthcare Services Group, Inc. (NASDAQ:HCSG)

Hillsdale Investment Management Inc. bought a new position in shares of Healthcare Services Group, Inc. (NASDAQ:HCSG) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 301,700 shares of the business services provider’s stock, valued at approximately $3,765,000. Hillsdale Investment Management Inc. owned about 0.41% of Healthcare Services Group at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in HCSG. Headlands Technologies LLC acquired a new position in shares of Healthcare Services Group in the first quarter valued at approximately $27,000. Financial Management Professionals Inc. acquired a new position in shares of Healthcare Services Group in the first quarter valued at approximately $55,000. PNC Financial Services Group Inc. raised its position in shares of Healthcare Services Group by 38.3% in the fourth quarter. PNC Financial Services Group Inc. now owns 6,186 shares of the business services provider’s stock valued at $64,000 after buying an additional 1,714 shares during the last quarter. International Assets Investment Management LLC acquired a new position in shares of Healthcare Services Group in the fourth quarter valued at approximately $921,000. Finally, CWM LLC raised its position in shares of Healthcare Services Group by 12.9% in the first quarter. CWM LLC now owns 12,357 shares of the business services provider’s stock valued at $154,000 after buying an additional 1,411 shares during the last quarter. Institutional investors and hedge funds own 97.97% of the company’s stock.

Healthcare Services Group Stock Up 1.9 %

Shares of NASDAQ:HCSG traded up $0.22 during trading on Monday, reaching $11.71. The stock had a trading volume of 425,232 shares, compared to its average volume of 548,510. The business has a fifty day moving average price of $10.82 and a 200-day moving average price of $11.11. The stock has a market cap of $862.44 million, a P/E ratio of 20.54 and a beta of 0.53. Healthcare Services Group, Inc. has a fifty-two week low of $8.75 and a fifty-two week high of $14.81.

Healthcare Services Group (NASDAQ:HCSG) last posted its quarterly earnings data on Wednesday, April 24th. The business services provider reported $0.22 earnings per share for the quarter, beating analysts’ consensus estimates of $0.18 by $0.04. The business had revenue of $423.40 million during the quarter, compared to analyst estimates of $424.91 million. Healthcare Services Group had a net margin of 2.44% and a return on equity of 11.44%. The company’s revenue was up 1.5% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.17 earnings per share. As a group, equities analysts forecast that Healthcare Services Group, Inc. will post 0.8 EPS for the current year.

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 nursing homes, retirement complexes, rehabilitation centers, and hospitals in the United States. It operates through two segments, Housekeeping and Dietary.