SCHEDULE: Royce & Associates LP Discloses 4.16% Stake in Healthcare Services Group

Royce & Associates LP, an investment adviser, has filed an amended Schedule 13G disclosing a 4.16% beneficial ownership stake in Healthcare Services Group, Inc., totaling 3,034,988 shares of common stock.

Summary

• Royce & Associates LP reported beneficial ownership of 3,034,988 shares of Healthcare Services Group, Inc. common stock.
• This ownership represents 4.16% of the class of securities.
• The filing is an Amendment No. 3 to a Schedule 13G.
• Royce & Associates LP, identified as an investment adviser, holds sole voting and sole dispositive power over all reported shares.
• The securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing the control of the issuer.

Sentiment

Score: 5

Explanation: The document is a routine beneficial ownership disclosure, providing factual information without indicating positive or negative sentiment regarding the issuer's performance or outlook.

Future Outlook

NA

Industry Context

This filing is a standard disclosure of institutional ownership and does not provide specific insights into broader industry trends or competitive dynamics within the healthcare services sector. It primarily reflects an investment adviser's portfolio allocation.

Related Party Transactions

• Royce & Associates, LP (RALP) is an indirect majority-owned subsidiary of Franklin Resources, Inc. (FRI).
• RALP exercises voting and investment powers independently from FRI and all other investment management subsidiaries of FRI (FRI affiliates).
• Internal policies and procedures establish informational barriers preventing the flow of information related to voting and investment powers between RALP and FRI affiliates.
• Beneficial ownership reported by RALP is not attributed to Charles B. Johnson and Rupert H. Johnson, Jr., who are principal stockholders of FRI.
• RALP disclaims any pecuniary interest in the reported securities and disclaims being a 'group' with FRI affiliates or the Principal Shareholders.

Stakeholder Impact

• Shareholders: Provides transparency regarding institutional ownership, which can influence market perception and liquidity.

Key Dates

Keywords

Healthcare Services Group Inc., Royce & Associates LP, Schedule 13G, Beneficial Ownership, Common Stock, Investment Adviser, SEC Filing, Institutional Ownership