Palisade Capital Management LP Acquires Shares of 726,583 Healthcare Services Group, Inc. $HCSG

Posted by Francis Steltz on Aug 26th, 2026

Palisade Capital Management LP acquired a new stake in Healthcare Services Group, Inc. (NASDAQ:HCSG – Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 726,583 shares of the business services provider’s stock, valued at approximately $17,845,000. Healthcare Services Group makes up about 0.8% of Palisade Capital Management LP’s portfolio, making the stock its 26th largest position.

Several other hedge funds also recently made changes to their positions in the company. Empowered Funds LLC boosted its position in shares of Healthcare Services Group by 123.6% in the 1st quarter. Empowered Funds LLC now owns 215,824 shares of the business services provider’s stock valued at $4,004,000 after purchasing an additional 119,290 shares during the period. Dimensional Fund Advisors LP increased its position in Healthcare Services Group by 2.7% during the first quarter. Dimensional Fund Advisors LP now owns 2,400,681 shares of the business services provider’s stock worth $44,534,000 after buying an additional 62,689 shares during the period. Y Intercept Hong Kong Ltd increased its position in Healthcare Services Group by 616.2% during the first quarter. Y Intercept Hong Kong Ltd now owns 74,230 shares of the business services provider’s stock worth $1,377,000 after buying an additional 63,866 shares during the period. Arrowstreet Capital Limited Partnership increased its position in Healthcare Services Group by 454.0% during the first quarter. Arrowstreet Capital Limited Partnership now owns 1,405,952 shares of the business services provider’s stock worth $26,080,000 after buying an additional 1,152,176 shares during the period. Finally, Janus Henderson Group PLC lifted its stake in Healthcare Services Group by 5.5% in the first quarter. Janus Henderson Group PLC now owns 890,035 shares of the business services provider’s stock valued at $16,510,000 after buying an additional 46,427 shares during the last quarter. Hedge funds and other institutional investors own 97.97% of the company’s stock.

Healthcare Services Group Trading Up 0.6%

NASDAQ HCSG opened at $22.94 on Wednesday. The stock has a market capitalization of $1.57 billion, a price-to-earnings ratio of 13.34 and a beta of 0.81. The business’s 50 day moving average is $23.32 and its two-hundred day moving average is $21.49. Healthcare Services Group, Inc. has a 12-month low of $15.13 and a 12-month high of $25.75.

Healthcare Services Group (NASDAQ:HCSG – Get Free Report) last posted its quarterly earnings results on Wednesday, July 22nd. The business services provider reported $0.32 EPS for the quarter, beating the consensus estimate of $0.22 by $0.10. Healthcare Services Group had a return on equity of 18.97% and a net margin of 6.59%.The business had revenue of $470.81 million during the quarter, compared to analysts’ expectations of $471.22 million. During the same period last year, the firm earned ($0.44) EPS. Equities analysts forecast that Healthcare Services Group, Inc. will post 1.14 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on HCSG shares. Zacks Research raised Healthcare Services Group from a “hold” rating to a “strong-buy” rating in a report on Monday, August 3rd. Oppenheimer assumed coverage on shares of Healthcare Services Group in a report on Wednesday, August 19th. They issued an “outperform” rating and a $28.00 target price on the stock. Weiss Ratings upgraded shares of Healthcare Services Group from a “buy (b-)” rating to a “buy (b)” rating in a research report on Tuesday, July 28th. Wall Street Zen cut shares of Healthcare Services Group from a “buy” rating to a “hold” rating in a research note on Saturday, August 1st. Finally, UBS Group raised their price objective on shares of Healthcare Services Group from $27.00 to $30.00 and gave the stock a “buy” rating in a research report on Wednesday, July 8th. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $26.50.

Check Out Our Latest Report on Healthcare Services Group

Insider Transactions at Healthcare Services Group

In other Healthcare Services Group news, COO Andrew Kush sold 15,598 shares of the firm’s stock in a transaction on Tuesday, August 4th. The stock was sold at an average price of $23.24, for a total value of $362,497.52. Following the completion of the sale, the chief operating officer owned 22,741 shares of the company’s stock, valued at approximately $528,500.84. This trade represents a 40.68% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 2.90% of the company’s stock.

About Healthcare Services Group

(Free Report)

Healthcare Services Group, Inc (NASDAQ: HCSG) is a leading provider of support services to healthcare facilities across the United States. The company specializes in environmental services, including housekeeping and sanitation, as well as linen and laundry management. In addition, Healthcare Services Group offers dietary and nutrition services, catering to hospitals, skilled nursing facilities, assisted living communities and other long-term care providers.

Founded as a family-owned business in the late 1970s, the company completed its initial public offering in 1997.