Healthcare Services Group, Inc. $HCSG Shares Sold by Dean Capital Management

Key Points

• Dean Capital Management reduced its stake in Healthcare Services Group by 56.6%, now owning 65,608 shares valued at $661,000 after selling 85,658 shares.
• Healthcare Services Group reported a Q2 earnings per share of $0.21, beating estimates and showing a 7.6% increase in revenue year-over-year.
• Currently, 97.97% of Healthcare Services Group's stock is held by institutional investors and hedge funds, indicating strong institutional interest.

Dean Capital Management reduced its position in shares of Healthcare Services Group, Inc. (NASDAQ:HCSG - Free Report) by 56.6% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 65,608 shares of the business services provider's stock after selling 85,658 shares during the period. Dean Capital Management owned approximately 0.09% of Healthcare Services Group worth $661,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the company. Hsbc Holdings PLC grew its holdings in Healthcare Services Group by 1.7% during the first quarter. Hsbc Holdings PLC now owns 53,175 shares of the business services provider's stock worth $539,000 after acquiring an additional 868 shares during the period. Trail Ridge Investment Advisors LLC grew its holdings in Healthcare Services Group by 4.7% during the first quarter. Trail Ridge Investment Advisors LLC now owns 23,233 shares of the business services provider's stock worth $234,000 after acquiring an additional 1,048 shares during the period. SummerHaven Investment Management LLC grew its holdings in Healthcare Services Group by 1.8% during the first quarter. SummerHaven Investment Management LLC now owns 73,841 shares of the business services provider's stock worth $744,000 after acquiring an additional 1,297 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in Healthcare Services Group by 3.6% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 41,880 shares of the business services provider's stock worth $486,000 after acquiring an additional 1,461 shares during the period. Finally, North Star Investment Management Corp. grew its holdings in Healthcare Services Group by 1.8% during the first quarter. North Star Investment Management Corp. now owns 102,950 shares of the business services provider's stock worth $1,038,000 after acquiring an additional 1,850 shares during the period. 97.97% of the stock is owned by institutional investors and hedge funds.

Healthcare Services Group Trading Up 1.3%

Shares of HCSG opened at $16.11 on Wednesday. The business's 50-day moving average price is $14.52 and its 200 day moving average price is $13.17. The stock has a market capitalization of $1.17 billion, a P/E ratio of 115.07 and a beta of 0.66. Healthcare Services Group, Inc. has a 1-year low of $9.13 and a 1-year high of $16.18.

Healthcare Services Group (NASDAQ:HCSG - Get Free Report) last released its earnings results on Wednesday, July 23rd. The business services provider reported $0.21 earnings per share for the quarter, beating the consensus estimate of $0.20 by $0.01. Healthcare Services Group had a return on equity of 11.74% and a net margin of 0.61%.The company had revenue of $458.50 million for the quarter, compared to analysts' expectations of $450.78 million. During the same quarter in the previous year, the business posted $0.20 EPS. The business's revenue for the quarter was up 7.6% on a year-over-year basis. Healthcare Services Group has set its Q3 2025 guidance at EPS. On average, research analysts predict that Healthcare Services Group, Inc. will post 0.74 earnings per share for the current year.

Insiders Place Their Bets

In other Healthcare Services Group news, EVP John Christopher Shea sold 21,368 shares of Healthcare Services Group stock in a transaction dated Monday, July 28th. The stock was sold at an average price of $13.25, for a total transaction of $283,126.00. Following the transaction, the executive vice president owned 32,976 shares of the company's stock, valued at $436,932. The trade was a 39.32% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 2.10% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on HCSG shares. Wall Street Zen lowered Healthcare Services Group from a "strong-buy" rating to a "buy" rating in a report on Saturday, July 26th. Macquarie raised Healthcare Services Group from a "neutral" rating to an "outperform" rating and lifted their price target for the stock from $15.00 to $16.00 in a research note on Tuesday, July 29th. Zacks Research raised Healthcare Services Group to a "strong-buy" rating in a research note on Tuesday, August 12th. Benchmark lifted their price target on Healthcare Services Group from $17.00 to $19.00 and gave the stock a "buy" rating in a research note on Thursday, July 24th. Finally, Robert W. Baird lifted their price target on Healthcare Services Group from $13.00 to $15.00 and gave the stock a "neutral" rating in a research note on Thursday, July 24th. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has given a Hold rating to the company's stock. According to data from MarketBeat.com, Healthcare Services Group presently has a consensus rating of "Buy" and a consensus price target of $16.25.

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.

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