Dupont Capital Management Corp Buys Shares of 6,975 Healthcare Services Group, Inc. (HCSG)

Dupont Capital Management Corp bought a new position in Healthcare Services Group, Inc. (NASDAQ:HCSG) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor bought 6,975 shares of the business services provider’s stock, valued at approximately $280,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of HCSG. Rhumbline Advisers grew its holdings in Healthcare Services Group by 58.9% in the 4th quarter. Rhumbline Advisers now owns 226,063 shares of the business services provider’s stock worth $9,083,000 after acquiring an additional 83,839 shares during the last quarter. Advisors Asset Management Inc. grew its holdings in Healthcare Services Group by 291.5% in the 4th quarter. Advisors Asset Management Inc. now owns 10,740 shares of the business services provider’s stock worth $432,000 after acquiring an additional 7,997 shares during the last quarter. Bridge City Capital LLC grew its holdings in Healthcare Services Group by 117.6% in the 4th quarter. Bridge City Capital LLC now owns 82,655 shares of the business services provider’s stock worth $3,321,000 after acquiring an additional 44,674 shares during the last quarter. Arizona State Retirement System grew its holdings in Healthcare Services Group by 1.2% in the 4th quarter. Arizona State Retirement System now owns 52,968 shares of the business services provider’s stock worth $2,128,000 after acquiring an additional 609 shares during the last quarter. Finally, Copeland Capital Management LLC grew its holdings in Healthcare Services Group by 30.4% in the 4th quarter. Copeland Capital Management LLC now owns 469,557 shares of the business services provider’s stock worth $18,866,000 after acquiring an additional 109,561 shares during the last quarter.

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In related news, Director Robert J. Moss sold 2,000 shares of Healthcare Services Group stock in a transaction dated Monday, December 3rd. The shares were sold at an average price of $47.55, for a total transaction of $95,100.00. Following the completion of the transaction, the director now directly owns 2,000 shares of the company’s stock, valued at approximately $95,100. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Dino D. Ottaviano sold 700 shares of Healthcare Services Group stock in a transaction dated Friday, November 30th. The shares were 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 of the company’s stock, valued at $58,443.12. The disclosure for this sale can be found here. Insiders own 1.00% of the company’s stock.

HCSG has been the topic of a number of recent analyst reports. ValuEngine lowered shares of Healthcare Services Group from a “buy” rating to a “hold” rating in a report on Wednesday, January 2nd. Stifel Nicolaus reissued a “sell” rating on shares of Healthcare Services Group in a report on Saturday, February 2nd. Zacks Investment Research raised shares of Healthcare Services Group from a “sell” rating to a “hold” rating in a report on Tuesday, January 29th. Finally, BidaskClub lowered shares of Healthcare Services Group from a “buy” rating to a “hold” rating in a report on Saturday, February 9th. One analyst has rated the stock with a sell rating, five have given a hold rating and five have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $45.86.

Shares of HCSG opened at $40.29 on Wednesday. The stock has a market cap of $2.97 billion, a PE ratio of 35.97, a P/E/G ratio of 2.38 and a beta of 0.89. Healthcare Services Group, Inc. has a 1-year low of $35.04 and a 1-year high of $49.42.

Healthcare Services Group (NASDAQ:HCSG) last announced its earnings results on Tuesday, February 5th. The business services provider reported $0.42 earnings per share for the quarter, beating analysts’ consensus estimates of $0.37 by $0.05. The firm had revenue of $496.41 million for the quarter, compared to analyst estimates of $507.45 million. Healthcare Services Group had a net margin of 4.16% and a return on equity of 20.09%. The company’s revenue for the quarter was down .6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.27 EPS. On average, sell-side analysts forecast that Healthcare Services Group, Inc. will post 1.54 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, March 22nd. Stockholders of record on Friday, February 15th will be paid a dividend of $0.1963 per share. This is a positive change from Healthcare Services Group’s previous quarterly dividend of $0.20. The ex-dividend date is Thursday, February 14th. This represents a $0.79 dividend on an annualized basis and a dividend yield of 1.95%. Healthcare Services Group’s payout ratio is presently 70.54%.

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About Healthcare Services Group

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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