Dividend Worth Watching: $0.19 dividends are now a reality for Healthcare Services Group, Inc. (NASDAQ:HCSG) shareholders. Here’s why.

Dividend Worth Watching: $0.19 dividends are now a reality for Healthcare Services Group, Inc. (NASDAQ:HCSG) shareholders. Here's why.

Healthcare Services Group, Inc. (NASDAQ:HCSG) is expected to pay $0.19 on Dec 23, 2016. The indicated annual dividend is $0.74. Shareholders owning the stock before Nov 16, 2016 will be eligible to receive the payout. Based on Healthcare Services Group, Inc.’s current price of $36.38, the dividend is 0.51%. This dividend’s record date is Nov 18, 2016 and the announcement date is Oct 12, 2016. The stock increased 0.64% or $0.23 on November 14, hitting $36.38. Healthcare Services Group, Inc. (NASDAQ:HCSG) has declined 2.91% since April 13, 2016 and is downtrending. It has underperformed by 6.84% the S&P500.

Healthcare Services Group, Inc. provides management, administrative and operating services to the housekeeping, laundry, linen, facility maintenance and dietary service departments of the healthcare industry. The company has a market cap of $2.66 billion. The Firm caters to nursing homes, retirement complexes, rehabilitation centers and hospitals located in the United States. It has a 40.02 P/E ratio. The Company’s divisions include Housekeeping and Dietary.

Insitutional Activity: The institutional sentiment increased to 1.26 in 2016 Q2. Its up 0.22, from 1.04 in 2016Q1. The ratio increased, as 11 funds sold all Healthcare Services Group, Inc. shares owned while 74 reduced positions. 25 funds bought stakes while 82 increased positions. They now own 65.41 million shares or 0.99% less from 66.06 million shares in 2016Q1.
Cortina Asset Management Lc holds 396,863 shares or 0.75% of its portfolio. Moreover, Arbor Capital Mgmt Llc has 1.61% invested in Healthcare Services Group, Inc. (NASDAQ:HCSG) for 73,892 shares. Moreover, Thompson Davis And Com Incorporated has 0.03% invested in Healthcare Services Group, Inc. (NASDAQ:HCSG) for 484 shares. Eagle Asset Mgmt holds 0.03% or 108,698 shares in its portfolio. American Gp has invested 0% of its portfolio in Healthcare Services Group, Inc. (NASDAQ:HCSG). Gsa Capital Prns Llp holds 0.02% or 10,867 shares in its portfolio. Wells Fargo & Mn has invested 0.01% of its portfolio in Healthcare Services Group, Inc. (NASDAQ:HCSG). Moreover, Summit Creek Lc has 3.06% invested in Healthcare Services Group, Inc. (NASDAQ:HCSG) for 434,930 shares. Miles Capital has 0.19% invested in the company for 6,847 shares. Lpl Limited has 6,339 shares for 0% of their US portfolio. Assetmark Incorporated reported 988 shares or 0% of all its holdings. Lord Abbett And Ltd Company, a New Jersey-based fund reported 747,564 shares. Moreover, Blackrock Institutional Trust Na has 0.01% invested in Healthcare Services Group, Inc. (NASDAQ:HCSG) for 1.72 million shares. First Interstate Retail Bank last reported 378 shares in the company. First Manhattan, a New York-based fund reported 194 shares.

Insider Transactions: Since May 25, 2016, the stock had 0 buys, and 6 insider sales for $4.86 million net activity. Shares for $305,730 were sold by McBryan Michael E on Wednesday, November 9. $128,207 worth of shares were sold by FROME ROBERT L on Tuesday, July 19. Ottaviano Dino D sold $38,790 worth of stock. $145,225 worth of Healthcare Services Group, Inc. (NASDAQ:HCSG) shares were sold by BRIGGS JOHN. MCCARTNEY DANIEL P sold $3.94 million worth of stock or 100,000 shares. $299,400 worth of Healthcare Services Group, Inc. (NASDAQ:HCSG) shares were sold by MOSS ROBERT J.

Healthcare Services Group, Inc. (NASDAQ:HCSG) Ratings Coverage

Out of 2 analysts covering Healthcare Services (NASDAQ:HCSG), 2 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. Healthcare Services has been the topic of 3 analyst reports since July 29, 2015 according to StockzIntelligence Inc. The firm has “Buy” rating by Stifel Nicolaus given on Wednesday, October 14. Robert W. Baird initiated Healthcare Services Group, Inc. (NASDAQ:HCSG) rating on Friday, September 16. Robert W. Baird has “Outperform” rating and $46 price target.

More recent Healthcare Services Group, Inc. (NASDAQ:HCSG) news were published by: Nasdaq.com which released: “Ex-Dividend Reminder: Harris, Circor International and Healthcare Services Group” on November 14, 2016. Also Globenewswire.com published the news titled: “Healthcare Services Group, Inc. Reports Results for the Three and Six Months …” on July 12, 2016. Benzinga.com‘s news article titled: “22% Upside Seen In Healthcare Services Group, Baird Initiates At Outperform” with publication date: September 16, 2016 was also an interesting one.

HCSG Company Profile

Healthcare Services Group, Inc., incorporated on November 22, 1976, provides management, administrative and operating services to the housekeeping, laundry, linen, facility maintenance and dietary service departments of the healthcare industry. The Firm caters to nursing homes, retirement complexes, rehabilitation centers and hospitals located in the United States. The Company’s divisions include Housekeeping and Dietary. The Housekeeping segment consists of housekeeping, laundry and linen services. The Dietary segment includes dietary department services. The Firm provides its services to the long-term care industry in the United States, rendering such services to over 3,500 facilities in approximately 48 states. The Firm provides housekeeping services to various client facilities and dietary services to over 1,000 of such facilities.

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