March 27, 2017 (Shareholders Foundation) - An investigation on behalf of current long-term investors in shares of Healthcare Services Group, Inc. (NASDAQ:HCSG) was announced over potential breaches of fiduciary duties by certain officers and directors at Healthcare Services Group.
The investigation by a law firm concerns whether certain Healthcare Services Group directors breached their fiduciary duties and caused damage to the company and its shareholders.
Healthcare Services Group, Inc. reported that its annual Total Revenue rose from over $1.43 billion in 2015 to over $1.56 billion in 2016 and that its Net Income increased from $58.02 million in 2015 to $77.40 million in 2016.
Shares of Healthcare Services Group, Inc. (NASDAQ:HCSG) grew from $30.21 per share in May 2015 to as high as $43.91 per share on March 17, 2017.
On March 27, 2017, NASDAQ:HCSG shares closed at $42.32 per share.