Healthcare Services Group, Inc. (NASDAQ:HCSG) Position Boosted by Baird Financial Group Inc.

Baird Financial Group Inc. increased its holdings in Healthcare Services Group, Inc. (NASDAQ:HCSGGet Rating) by 1.7% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 49,871 shares of the business services provider’s stock after buying an additional 842 shares during the quarter. Baird Financial Group Inc. owned about 0.07% of Healthcare Services Group worth $868,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Texas Permanent School Fund grew its holdings in Healthcare Services Group by 1.4% in the 2nd quarter. Texas Permanent School Fund now owns 53,571 shares of the business services provider’s stock worth $933,000 after buying an additional 726 shares in the last quarter. Royce & Associates LP grew its holdings in Healthcare Services Group by 30.6% in the 2nd quarter. Royce & Associates LP now owns 2,082,094 shares of the business services provider’s stock worth $36,249,000 after buying an additional 487,843 shares in the last quarter. State of New Jersey Common Pension Fund D bought a new position in Healthcare Services Group in the 2nd quarter worth approximately $2,356,000. Envestnet Asset Management Inc. lifted its position in Healthcare Services Group by 5.7% in the second quarter. Envestnet Asset Management Inc. now owns 167,141 shares of the business services provider’s stock worth $2,910,000 after purchasing an additional 9,061 shares during the period. Finally, Nisa Investment Advisors LLC lifted its position in Healthcare Services Group by 466.5% in the second quarter. Nisa Investment Advisors LLC now owns 3,886 shares of the business services provider’s stock worth $68,000 after purchasing an additional 3,200 shares during the period.

Healthcare Services Group Stock Performance

Shares of NASDAQ:HCSG opened at $13.81 on Friday. Healthcare Services Group, Inc. has a one year low of $11.97 and a one year high of $20.54. The stock has a fifty day moving average of $13.34 and a 200-day moving average of $15.05. The company has a market capitalization of $1.02 billion, a PE ratio of 51.15 and a beta of 0.34.

Healthcare Services Group Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 22nd. Stockholders of record on Friday, November 18th will be given a dividend of $0.215 per share. This represents a $0.86 dividend on an annualized basis and a dividend yield of 6.23%. The ex-dividend date of this dividend is Thursday, November 17th. This is an increase from Healthcare Services Group’s previous quarterly dividend of $0.21. Healthcare Services Group’s dividend payout ratio is 318.52%.

Analyst Ratings Changes

A number of research firms have weighed in on HCSG. Royal Bank of Canada cut their target price on Healthcare Services Group from $17.00 to $14.00 and set a “sector perform” rating for the company in a research report on Thursday, October 20th. Benchmark upgraded Healthcare Services Group from a “hold” rating to a “buy” rating and set a $18.00 target price for the company in a research report on Thursday, October 20th. StockNews.com downgraded Healthcare Services Group from a “hold” rating to a “sell” rating in a research report on Monday, October 24th. Finally, Credit Suisse Group cut their target price on Healthcare Services Group from $15.00 to $12.00 and set a “neutral” rating for the company in a research report on Thursday, October 20th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $14.50.

Healthcare Services Group Profile

(Get Rating)

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.

See Also

Want to see what other hedge funds are holding HCSG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Healthcare Services Group, Inc. (NASDAQ:HCSGGet Rating).

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

Receive News & Ratings for Healthcare Services Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Healthcare Services Group and related companies with MarketBeat.com's FREE daily email newsletter.