Dean Capital Management Takes $1.76 Million Position in Healthcare Services Group, Inc. (NASDAQ:HCSG)

Dean Capital Management acquired a new stake in Healthcare Services Group, Inc. (NASDAQ:HCSG - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 151,266 shares of the business services provider's stock, valued at approximately $1,757,000. Dean Capital Management owned about 0.21% of Healthcare Services Group at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in HCSG. Caption Management LLC acquired a new position in shares of Healthcare Services Group during the 4th quarter worth approximately $244,000. Ameriprise Financial Inc. boosted its holdings in shares of Healthcare Services Group by 5.9% during the 4th quarter. Ameriprise Financial Inc. now owns 959,293 shares of the business services provider's stock worth $11,142,000 after buying an additional 53,628 shares during the period. PDT Partners LLC grew its stake in Healthcare Services Group by 80.4% in the 4th quarter. PDT Partners LLC now owns 76,992 shares of the business services provider's stock valued at $894,000 after buying an additional 34,323 shares during the last quarter. Northern Trust Corp raised its holdings in Healthcare Services Group by 8.4% in the 4th quarter. Northern Trust Corp now owns 771,772 shares of the business services provider's stock valued at $8,964,000 after acquiring an additional 59,829 shares during the period. Finally, Susquehanna Fundamental Investments LLC bought a new stake in shares of Healthcare Services Group during the fourth quarter worth approximately $1,891,000. 97.97% of the stock is owned by institutional investors.

Healthcare Services Group Trading Down 0.1 %

NASDAQ HCSG traded down $0.02 during trading on Friday, hitting $14.33. 799,951 shares of the company's stock were exchanged, compared to its average volume of 502,671. The stock's 50 day moving average price is $11.22 and its two-hundred day moving average price is $11.39. Healthcare Services Group, Inc. has a fifty-two week low of $9.13 and a fifty-two week high of $14.80. The company has a market cap of $1.04 billion, a PE ratio of 26.54 and a beta of 0.55.

Healthcare Services Group (NASDAQ:HCSG - Get Free Report) last issued its quarterly earnings data on Wednesday, April 23rd. The business services provider reported $0.23 EPS for the quarter, beating the consensus estimate of $0.18 by $0.05. The business had revenue of $447.66 million during the quarter, compared to the consensus estimate of $443.82 million. Healthcare Services Group had a net margin of 2.30% and a return on equity of 11.76%. The firm's revenue was up 5.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.22 EPS. Analysts forecast that Healthcare Services Group, Inc. will post 0.74 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts recently issued reports on HCSG shares. Macquarie boosted their price target on Healthcare Services Group from $13.00 to $15.00 and gave the company a "neutral" rating in a research note on Monday, April 28th. Robert W. Baird raised their target price on shares of Healthcare Services Group from $12.00 to $13.00 and gave the stock a "neutral" rating in a report on Thursday, April 24th. StockNews.com upgraded Healthcare Services Group from a "hold" rating to a "buy" rating in a research report on Friday, April 25th. Finally, UBS Group raised shares of Healthcare Services Group from a "neutral" rating to a "buy" rating and raised their target price for the company from $12.00 to $15.00 in a report on Thursday, April 24th. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat, Healthcare Services Group has an average rating of "Moderate Buy" and a consensus price target of $14.80.

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 of nursing homes, retirement complexes, rehabilitation centers, and hospitals in the United States. It operates through two segments, Housekeeping and Dietary.