Crawford Investment Counsel Inc. grew its stake in Healthcare Services Group, Inc. (NASDAQ:HCSG – Get Rating) by 37.0% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,244,553 shares of the business services provider's stock after buying an additional 335,934 shares during the period. Crawford Investment Counsel Inc.'s holdings in Healthcare Services Group were worth $23,111,000 at the end of the most recent reporting period.
Several other large investors have also modified their holdings of HCSG. First Trust Advisors LP boosted its holdings in shares of Healthcare Services Group by 28.6% in the 4th quarter. First Trust Advisors LP now owns 101,524 shares of the business services provider's stock valued at $1,806,000 after buying an additional 22,586 shares in the last quarter. Baird Financial Group Inc. raised its position in Healthcare Services Group by 43.1% in the 4th quarter. Baird Financial Group Inc. now owns 50,147 shares of the business services provider's stock valued at $892,000 after purchasing an additional 15,106 shares during the last quarter. AlphaCrest Capital Management LLC raised its position in Healthcare Services Group by 120.1% in the 4th quarter. AlphaCrest Capital Management LLC now owns 45,180 shares of the business services provider's stock valued at $804,000 after purchasing an additional 24,655 shares during the last quarter. Principal Financial Group Inc. raised its position in Healthcare Services Group by 1.0% in the 4th quarter. Principal Financial Group Inc. now owns 643,929 shares of the business services provider's stock valued at $11,455,000 after purchasing an additional 6,621 shares during the last quarter. Finally, HighTower Advisors LLC raised its position in Healthcare Services Group by 1.0% in the 4th quarter. HighTower Advisors LLC now owns 329,302 shares of the business services provider's stock valued at $5,827,000 after purchasing an additional 3,369 shares during the last quarter.
Get Healthcare Services Group alerts:Healthcare Services Group Stock Performance
Shares of Healthcare Services Group stock opened at $13.90 on Friday. The company has a market cap of $1.03 billion, a P/E ratio of 34.75 and a beta of 0.21. Healthcare Services Group, Inc. has a one year low of $13.28 and a one year high of $27.11. The firm has a fifty day moving average of $15.15 and a two-hundred day moving average of $16.48.
Healthcare Services Group (NASDAQ:HCSG – Get Rating) last announced its quarterly earnings data on Wednesday, July 20th. The business services provider reported $0.09 EPS for the quarter, missing analysts' consensus estimates of $0.12 by ($0.03). The firm had revenue of $424.90 million for the quarter, compared to analysts' expectations of $427.22 million. Healthcare Services Group had a return on equity of 6.56% and a net margin of 1.77%. The firm's quarterly revenue was up 6.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.13 EPS. As a group, equities analysts predict that Healthcare Services Group, Inc. will post 0.44 earnings per share for the current year.Healthcare Services Group Increases Dividend
The business also recently declared a quarterly dividend, which will be paid on Friday, September 23rd. Stockholders of record on Friday, August 19th will be issued a $0.2138 dividend. This represents a $0.86 dividend on an annualized basis and a dividend yield of 6.15%. The ex-dividend date is Thursday, August 18th. This is an increase from Healthcare Services Group's previous quarterly dividend of $0.21. Healthcare Services Group's dividend payout ratio (DPR) is currently 215.00%.
Wall Street Analyst Weigh In
Several analysts recently commented on the stock. StockNews.com upgraded shares of Healthcare Services Group from a "sell" rating to a "hold" rating in a research report on Tuesday, June 28th. Robert W. Baird reduced their price target on shares of Healthcare Services Group from $23.00 to $15.00 in a research report on Thursday, July 21st. Finally, Credit Suisse Group reduced their price target on shares of Healthcare Services Group to $15.00 in a research report on Friday, July 22nd. One investment analyst has rated the stock with a sell rating and four have assigned a hold rating to the company's stock. According to MarketBeat, the stock has an average rating of "Hold" and an average price target of $15.88.
Healthcare Services Group Profile
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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.
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