Dean Investment Associates LLC Invests $2.61 Million in Healthcare Services Group, Inc. (NASDAQ:HCSG)

Dean Investment Associates LLC bought a new stake in shares of Healthcare Services Group, Inc. (NASDAQ:HCSG - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund bought 224,444 shares of the business services provider's stock, valued at approximately $2,607,000. Dean Investment Associates LLC owned about 0.31% of Healthcare Services Group at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. GAMMA Investing LLC boosted its stake in shares of Healthcare Services Group by 100.8% during the 4th quarter. GAMMA Investing LLC now owns 2,137 shares of the business services provider's stock worth $25,000 after acquiring an additional 1,073 shares in the last quarter. SBI Securities Co. Ltd. bought a new stake in shares of Healthcare Services Group in the 4th quarter worth about $25,000. Sterling Capital Management LLC boosted its holdings in Healthcare Services Group by 803.4% in the fourth quarter. Sterling Capital Management LLC now owns 2,358 shares of the business services provider's stock valued at $27,000 after acquiring an additional 2,097 shares during the last quarter. Bank of Montreal Can acquired a new position in shares of Healthcare Services Group during the 4th quarter worth about $118,000. Finally, Ieq Capital LLC bought a new position in Healthcare Services Group during the fourth quarter worth about $118,000. Institutional investors and hedge funds own 97.97% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com downgraded Healthcare Services Group from a "buy" rating to a "hold" rating in a research report on Wednesday, February 19th. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $14.00.

Healthcare Services Group Trading Up 21.4 %

NASDAQ HCSG traded up $2.01 during trading hours on Wednesday, hitting $11.42. 1,289,014 shares of the company's stock were exchanged, compared to its average volume of 474,865. The stock has a 50-day simple moving average of $10.31 and a 200 day simple moving average of $11.06. Healthcare Services Group, Inc. has a 1-year low of $9.13 and a 1-year high of $12.99. The firm has a market cap of $832.70 million, a price-to-earnings ratio of 21.15 and a beta of 0.62.

Healthcare Services Group (NASDAQ:HCSG - Get Free Report) last issued its earnings results on Wednesday, April 23rd. The business services provider reported $0.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.18 by $0.05. Healthcare Services Group had a return on equity of 11.76% and a net margin of 2.30%. On average, sell-side analysts anticipate that Healthcare Services Group, Inc. will post 0.74 earnings per share for the current fiscal year.

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.