Shares of Healthcare Services Group Inc. (NASDAQ:HCSG) saw strong trading volume on Friday . 399,969 shares traded hands during trading, a decline of 16% from the previous session’s volume of 476,664 shares.The stock last traded at $38.80 and had previously closed at $38.10.

Several equities research analysts recently issued reports on the company. Jefferies Group upped their price target on Healthcare Services Group from $36.00 to $41.00 and gave the stock a “hold” rating in a report on Wednesday, July 13th. Zacks Investment Research downgraded Healthcare Services Group from a “hold” rating to a “sell” rating in a report on Tuesday, July 12th. Finally, Stifel Nicolaus upped their price target on Healthcare Services Group from $39.00 to $40.00 and gave the stock a “buy” rating in a report on Wednesday, April 13th.

The company has a market capitalization of $2.81 billion and a price-to-earnings ratio of 44.54. The stock has a 50 day moving average of $39.77 and a 200 day moving average of $36.96.

Healthcare Services Group (NASDAQ:HCSG) last posted its quarterly earnings results on Tuesday, July 12th. The company reported $0.26 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.26. The company had revenue of $386.56 million for the quarter, compared to the consensus estimate of $392.26 million. During the same quarter in the previous year, the business earned $0.23 earnings per share. Healthcare Services Group’s revenue was up 8.8% compared to the same quarter last year. Analysts forecast that Healthcare Services Group Inc. will post $1.05 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 23rd. Stockholders of record on Friday, August 19th will be given a $0.1838 dividend. This is a boost from Healthcare Services Group’s previous quarterly dividend of $0.18. The ex-dividend date of this dividend is Wednesday, August 17th. This represents a $0.74 dividend on an annualized basis and a dividend yield of 1.89%.

In other news, Director Daniel P. Mccartney sold 100,000 shares of Healthcare Services Group stock in a transaction that occurred on Thursday, June 2nd. The stock was sold at an average price of $39.39, for a total value of $3,939,000.00. Following the sale, the director now directly owns 2,157,244 shares in the company, valued at approximately $84,973,841.16. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Dino D. Ottaviano sold 1,000 shares of Healthcare Services Group stock in a transaction that occurred on Wednesday, May 25th. The stock was sold at an average price of $38.79, for a total value of $38,790.00. Following the completion of the sale, the director now owns 1,237 shares in the company, valued at $47,983.23. The disclosure for this sale can be found here.

Several large investors have modified their holdings of the company. Whittier Trust Co. raised its stake in shares of Healthcare Services Group by 1.1% in the fourth quarter. Whittier Trust Co. now owns 39,384 shares of the company’s stock worth $1,373,000 after buying an additional 413 shares in the last quarter. State of Tennessee Treasury Department acquired a new stake in shares of Healthcare Services Group during the fourth quarter worth $1,956,000. State Board of Administration of Florida Retirement System raised its stake in shares of Healthcare Services Group by 10.9% in the fourth quarter. State Board of Administration of Florida Retirement System now owns 73,997 shares of the company’s stock worth $2,580,000 after buying an additional 7,246 shares in the last quarter. Rhumbline Advisers raised its stake in shares of Healthcare Services Group by 7.2% in the fourth quarter. Rhumbline Advisers now owns 93,007 shares of the company’s stock worth $3,243,000 after buying an additional 6,255 shares in the last quarter. Finally, New York State Common Retirement Fund raised its stake in shares of Healthcare Services Group by 43.5% in the fourth quarter. New York State Common Retirement Fund now owns 111,726 shares of the company’s stock worth $3,896,000 after buying an additional 33,865 shares in the last quarter.

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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