DF Dent & Co. Inc. lifted its position in Healthcare Services Group, Inc. (NASDAQ:HCSG) by 0.6% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,283,389 shares of the business services provider’s stock after buying an additional 14,136 shares during the period. Healthcare Services Group makes up about 1.9% of DF Dent & Co. Inc.’s investment portfolio, making the stock its 26th biggest position. DF Dent & Co. Inc.’s holdings in Healthcare Services Group were worth $92,751,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Advisors Asset Management Inc. purchased a new position in shares of Healthcare Services Group in the 3rd quarter worth $111,000. Signature Financial Management Inc. purchased a new position in shares of Healthcare Services Group in the 2nd quarter worth $216,000. Quantitative Systematic Strategies LLC purchased a new position in shares of Healthcare Services Group in the 2nd quarter worth $253,000. Tower Research Capital LLC TRC boosted its stake in shares of Healthcare Services Group by 283.6% in the 3rd quarter. Tower Research Capital LLC TRC now owns 6,614 shares of the business services provider’s stock worth $269,000 after buying an additional 4,890 shares during the last quarter. Finally, NumerixS Investment Technologies Inc boosted its stake in shares of Healthcare Services Group by 132.1% in the 2nd quarter. NumerixS Investment Technologies Inc now owns 6,499 shares of the business services provider’s stock worth $281,000 after buying an additional 3,699 shares during the last quarter.

NASDAQ HCSG opened at $42.73 on Friday. The firm has a market cap of $3.15 billion, a P/E ratio of 44.05 and a beta of 0.73. Healthcare Services Group, Inc. has a fifty-two week low of $35.04 and a fifty-two week high of $56.20.

Healthcare Services Group (NASDAQ:HCSG) last released its earnings results on Tuesday, October 16th. The business services provider reported $0.35 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.37 by ($0.02). The company had revenue of $506.90 million for the quarter, compared to analysts’ expectations of $510.27 million. Healthcare Services Group had a net margin of 3.59% and a return on equity of 17.80%. Healthcare Services Group’s revenue for the quarter was up 3.2% on a year-over-year basis. During the same quarter last year, the firm posted $0.31 earnings per share. As a group, equities analysts anticipate that Healthcare Services Group, Inc. will post 1.43 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, December 28th. Investors of record on Friday, November 23rd will be given a dividend of $0.195 per share. The ex-dividend date of this dividend is Wednesday, November 21st. This is an increase from Healthcare Services Group’s previous quarterly dividend of $0.19. This represents a $0.78 annualized dividend and a yield of 1.83%. Healthcare Services Group’s payout ratio is 65.55%.

HCSG has been the topic of a number of research reports. Berenberg Bank initiated coverage on Healthcare Services Group in a research note on Thursday, October 4th. They issued a “hold” rating and a $40.00 price target on the stock. Stephens initiated coverage on Healthcare Services Group in a research note on Tuesday, October 2nd. They issued an “overweight” rating on the stock. Zacks Investment Research downgraded Healthcare Services Group from a “hold” rating to a “sell” rating in a research note on Thursday, August 30th. Jefferies Financial Group set a $53.00 price target on Healthcare Services Group and gave the stock a “buy” rating in a research note on Tuesday, October 2nd. Finally, BidaskClub upgraded Healthcare Services Group from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, October 24th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $45.86.

In related news, Director Dino D. Ottaviano sold 700 shares of Healthcare Services Group stock in a transaction on Friday, November 30th. The stock was sold at an average price of $46.98, for a total transaction of $32,886.00. Following the transaction, the director now directly owns 1,244 shares in the company, valued at $58,443.12. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Robert J. Moss sold 2,000 shares of Healthcare Services Group stock in a transaction on Monday, December 3rd. The shares were sold at an average price of $47.55, for a total value of $95,100.00. Following the transaction, the director now owns 2,000 shares in the company, valued at $95,100. The disclosure for this sale can be found here. Insiders have sold 7,701 shares of company stock worth $347,780 over the last quarter. 1.00% of the stock is owned by company insiders.

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

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