Healthcare Services Group Inc (HCSG) Files Form 4 Insider Selling : Daniel P Mccartney Sells 100,000 Shares

Healthcare Services Group Inc (HCSG): Daniel P Mccartney , director of Healthcare Services Group Inc sold 100,000 shares on May 6, 2016. The Insider selling transaction was reported by the company on May 10, 2016 to the Securities and Exchange Commission. The shares were sold at $37.40 per share for a total value of $3,740,000.00 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Mar 22, 2016, Dino D Ottaviano (director) sold 1,000 shares at $35.81 per share price.On Mar 9, 2016, Diane S Casey (director) sold 10,004 shares at $35.59 per share price.Also, On Feb 25, 2016, Daniel P Mccartney (director) sold 160,000 shares at $34.88 per share price.On Dec 4, 2015, John Briggs (director) sold 2,000 shares at $37.02 per share price.

Shares of Healthcare Services Group (HCSG) ended Friday, May 6, 2016 session in red amid volatile trading. The shares closed down -0.15 points or -0.40% at $37.57 with 3,95,998 shares getting traded. Post opening the session at $37.57, the shares hit an intraday low of $37.22 and an intraday high of $37.76 and the price vacillated in this range throughout the day. The company has a market cap of $2,719 M and the number of outstanding shares has been calculated to be 7,23,63,000 shares. The 52-week high of Healthcare Services Group is $38.486 and the 52-week low is $29.57.

Healthcare Services Group Money Flow Index Chart

Company has been under the radar of several Street Analysts.Healthcare Services Group is Reiterated by Stifel to Buy and the brokerage firm has raised the Price Target to $ 40 from a previous price target of $39 .The Rating was issued on Apr 13, 2016.

Healthcare Services Group Inc. provides management administrative and operating services to the housekeeping laundry linen facility maintenance and dietary service departments of the health care industry. The Company caters to nursing homes retirement complexes rehabilitation centers and hospitals located in the United States. The Company operates its business in two segments: Housekeeping and Dietary. The Housekeeping segment includes housekeeping laundry and linen. Housekeeping segment also includes laundering and processing the bed linens uniforms and other assorted linen items utilized by a client facility. The Dietary segment includes dietary department services. Dietary consists of managing the client’s dietary department which is principally responsible for food purchasing meal preparation and providing professional dietitian consulting services which includes the development of a menu that meets a patient’s dietary needs.

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