Green Square Capital Advisors LLC Has $1.66 Million Stake in Healthcare Services Group, Inc. (NASDAQ:HCSG)

Green Square Capital Advisors LLC boosted its holdings in Healthcare Services Group, Inc. (NASDAQ:HCSG – Get Rating) by 297.5% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 89,154 shares of the business services provider’s stock after purchasing an additional 66,727 shares during the quarter. Green Square Capital Advisors LLC owned 0.12% of Healthcare Services Group worth $1,656,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. Northwestern Mutual Wealth Management Co. increased its holdings in Healthcare Services Group by 403.6% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 1,546 shares of the business services provider’s stock valued at $27,000 after buying an additional 1,239 shares during the period. Covestor Ltd bought a new position in Healthcare Services Group in the 4th quarter valued at about $46,000. Sageworth Trust Co of South Dakota bought a new position in Healthcare Services Group in the 4th quarter valued at about $46,000. Financial Management Professionals Inc. bought a new position in Healthcare Services Group in the 1st quarter valued at about $69,000. Finally, FinTrust Capital Advisors LLC bought a new position in Healthcare Services Group in the 1st quarter valued at about $80,000.

Wall Street Analyst Weigh In

Several research firms have commented on HCSG. Royal Bank of Canada raised their target price on shares of Healthcare Services Group from $17.00 to $20.00 and gave the company a “sector perform” rating in a report on Thursday, April 21st. StockNews.com raised shares of Healthcare Services Group from a “sell” rating to a “hold” rating in a report on Tuesday, June 28th. Credit Suisse Group decreased their price target on shares of Healthcare Services Group to $15.00 in a report on Friday, July 22nd. Finally, Robert W. Baird decreased their price target on shares of Healthcare Services Group from $23.00 to $15.00 in a report on Thursday, July 21st. One equities research analyst has rated the stock with a sell rating and four have given a hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $15.88.

Healthcare Services Group Price Performance

NASDAQ:HCSG opened at $14.21 on Thursday. The firm’s 50 day simple moving average is $16.85 and its 200 day simple moving average is $17.16. Healthcare Services Group, Inc. has a one year low of $13.80 and a one year high of $28.68. The company has a market cap of $1.05 billion, a PE ratio of 35.53 and a beta of 0.33.

Healthcare Services Group (NASDAQ:HCSG – Get Rating) last posted its earnings results on Wednesday, July 20th. The business services provider reported $0.09 EPS for the quarter, missing the consensus estimate of $0.12 by ($0.03). Healthcare Services Group had a return on equity of 6.56% and a net margin of 1.77%. The business had revenue of $424.90 million for the quarter, compared to analyst estimates of $427.22 million. During the same quarter in the prior year, the business earned $0.13 earnings per share. The firm’s quarterly revenue was up 6.7% on a year-over-year basis. Equities research analysts expect that Healthcare Services Group, Inc. will post 0.49 EPS for the current year.

Healthcare Services Group Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, September 23rd. Stockholders of record on Friday, August 19th will be given a $0.2138 dividend. The ex-dividend date of this dividend is Thursday, August 18th. This represents a $0.86 dividend on an annualized basis and a dividend yield of 6.02%. This is an increase from Healthcare Services Group’s previous quarterly dividend of $0.21. Healthcare Services Group’s payout ratio is 212.50%.

Healthcare Services Group Company 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.