Nisa Investment Advisors LLC cut its position in shares of Healthcare Services Group, Inc. (NASDAQ:HCSG) by 37.9% during the second quarter, Holdings Channel reports. The firm owned 16,420 shares of the business services provider’s stock after selling 10,000 shares during the period. Nisa Investment Advisors LLC’s holdings in Healthcare Services Group were worth $769,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in HCSG. LS Investment Advisors LLC boosted its position in shares of Healthcare Services Group by 4.0% in the second quarter. LS Investment Advisors LLC now owns 2,834 shares of the business services provider’s stock worth $133,000 after buying an additional 108 shares during the period. HighTower Advisors LLC acquired a new position in shares of Healthcare Services Group during the first quarter worth $202,000. Emerald Advisers Inc. PA acquired a new position in shares of Healthcare Services Group during the first quarter worth $204,000. Harfst & Associates Inc. acquired a new position in shares of Healthcare Services Group during the first quarter worth $206,000. Finally, Park National Corp OH acquired a new position in shares of Healthcare Services Group during the first quarter worth $212,000. Hedge funds and other institutional investors own 93.40% of the company’s stock.

Healthcare Services Group, Inc. (NASDAQ:HCSG) traded up 0.06% on Monday, reaching $51.44. 34,609 shares of the company’s stock traded hands. The firm has a market capitalization of $3.76 billion, a P/E ratio of 45.12 and a beta of 0.61. The stock has a 50-day moving average of $49.61 and a 200 day moving average of $45.10. Healthcare Services Group, Inc. has a 52 week low of $34.83 and a 52 week high of $54.28.

Healthcare Services Group (NASDAQ:HCSG) last issued its quarterly earnings data on Tuesday, July 11th. The business services provider reported $0.30 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.29 by $0.01. Healthcare Services Group had a net margin of 5.07% and a return on equity of 24.12%. The company had revenue of $470.90 million during the quarter, compared to the consensus estimate of $425.24 million. During the same quarter last year, the company earned $0.26 earnings per share. Healthcare Services Group’s revenue for the quarter was up 21.8% on a year-over-year basis. On average, equities analysts expect that Healthcare Services Group, Inc. will post $1.25 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 22nd. Shareholders of record on Friday, August 18th will be given a $0.1888 dividend. This is an increase from Healthcare Services Group’s previous quarterly dividend of $0.19. The ex-dividend date of this dividend is Wednesday, August 16th. This represents a $0.76 annualized dividend and a yield of 1.47%. Healthcare Services Group’s dividend payout ratio (DPR) is 65.22%.

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HCSG has been the subject of a number of research reports. Stifel Nicolaus lifted their price objective on shares of Healthcare Services Group from $46.00 to $48.00 and gave the company a “buy” rating in a report on Monday, May 1st. BidaskClub cut shares of Healthcare Services Group from a “strong-buy” rating to a “buy” rating in a report on Thursday. Zacks Investment Research upgraded shares of Healthcare Services Group from a “hold” rating to a “buy” rating and set a $58.00 price objective for the company in a report on Friday, July 14th. Jefferies Group LLC restated a “hold” rating and issued a $49.00 price objective on shares of Healthcare Services Group in a report on Friday, July 7th. Finally, Credit Suisse Group initiated coverage on shares of Healthcare Services Group in a report on Friday, May 19th. They issued an “outperform” rating and a $50.00 price objective for the company. Two analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $53.00.

In other Healthcare Services Group news, Director Daniel P. Mccartney sold 113,901 shares of the stock in a transaction that occurred on Thursday, May 11th. The shares were sold at an average price of $45.87, for a total value of $5,224,638.87. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Robert J. Moss sold 2,000 shares of the stock in a transaction that occurred on Friday, July 14th. The shares were sold at an average price of $52.76, for a total transaction of $105,520.00. Following the completion of the sale, the director now directly owns 2,000 shares of the company’s stock, valued at approximately $105,520. The disclosure for this sale can be found here. Insiders sold 135,886 shares of company stock valued at $6,305,754 in the last ninety days. 4.30% of the stock is owned by corporate insiders.

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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Institutional Ownership by Quarter for Healthcare Services Group (NASDAQ:HCSG)

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