LRI Investments LLC bought a new stake in shares of The Ensign Group, Inc. (NASDAQ:ENSG – Free Report) in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 386 shares of the company’s stock, valued at approximately $45,000.
A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. EntryPoint Capital LLC purchased a new position in shares of The Ensign Group in the 1st quarter worth $34,000. MQS Management LLC purchased a new position in The Ensign Group in the first quarter worth about $270,000. Natixis increased its stake in The Ensign Group by 39.6% during the first quarter. Natixis now owns 398 shares of the company’s stock worth $50,000 after acquiring an additional 113 shares during the last quarter. Pitcairn Co. raised its position in The Ensign Group by 1.6% during the first quarter. Pitcairn Co. now owns 5,684 shares of the company’s stock valued at $707,000 after purchasing an additional 87 shares during the period. Finally, CANADA LIFE ASSURANCE Co lifted its stake in shares of The Ensign Group by 14.4% in the 1st quarter. CANADA LIFE ASSURANCE Co now owns 52,221 shares of the company’s stock valued at $6,486,000 after purchasing an additional 6,583 shares during the last quarter. 96.12% of the stock is currently owned by institutional investors.
The Ensign Group Trading Up 4.9 %
The Ensign Group stock traded up $6.63 during trading hours on Friday, hitting $142.80. The company had a trading volume of 531,656 shares, compared to its average volume of 475,578. The firm has a market cap of $8.13 billion, a P/E ratio of 37.58, a P/E/G ratio of 1.92 and a beta of 0.99. The company has a 50-day moving average price of $125.09 and a two-hundred day moving average price of $121.60. The Ensign Group, Inc. has a 1 year low of $89.79 and a 1 year high of $143.86. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.53 and a current ratio of 1.53.
The Ensign Group Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 31st. Stockholders of record on Sunday, June 30th will be paid a dividend of $0.06 per share. The ex-dividend date is Friday, June 28th. This represents a $0.24 annualized dividend and a dividend yield of 0.17%. The Ensign Group’s dividend payout ratio is currently 6.32%.
Insider Activity at The Ensign Group
In other The Ensign Group news, COO Spencer Burton sold 7,519 shares of the firm’s stock in a transaction dated Friday, July 12th. The shares were sold at an average price of $135.04, for a total transaction of $1,015,365.76. Following the transaction, the chief operating officer now owns 42,629 shares of the company’s stock, valued at approximately $5,756,620.16. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other The Ensign Group news, Director Ann Scott Blouin sold 350 shares of The Ensign Group stock in a transaction dated Tuesday, May 7th. The stock was sold at an average price of $116.47, for a total value of $40,764.50. Following the transaction, the director now owns 20,002 shares in the company, valued at $2,329,632.94. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Spencer Burton sold 7,519 shares of the stock in a transaction dated Friday, July 12th. The shares were sold at an average price of $135.04, for a total transaction of $1,015,365.76. Following the sale, the chief operating officer now directly owns 42,629 shares of the company’s stock, valued at $5,756,620.16. The disclosure for this sale can be found here. Insiders sold 12,968 shares of company stock worth $1,714,703 over the last three months. 3.90% of the stock is owned by corporate insiders.
Wall Street Analysts Forecast Growth
ENSG has been the topic of several analyst reports. Stephens reissued an “overweight” rating and set a $135.00 target price on shares of The Ensign Group in a research report on Tuesday, April 23rd. Macquarie assumed coverage on shares of The Ensign Group in a research note on Friday, June 28th. They issued an “outperform” rating and a $134.00 target price on the stock. Truist Financial lifted their price target on shares of The Ensign Group from $135.00 to $150.00 and gave the stock a “hold” rating in a research note on Monday, July 15th. Finally, Oppenheimer increased their price objective on shares of The Ensign Group from $130.00 to $135.00 and gave the stock an “outperform” rating in a research report on Monday, May 6th. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat, The Ensign Group currently has an average rating of “Moderate Buy” and an average target price of $132.83.
View Our Latest Analysis on The Ensign Group
The Ensign Group Profile
The Ensign Group, Inc provides skilled nursing, senior living, and rehabilitative services. It operates through two segments: Skilled Services and Standard Bearer. The company's Skilled Services segment engages in the operation of skilled nursing facilities and rehabilitation therapy services for patients with chronic conditions, prolonged illness, and the elderly; and offers nursing facilities including specialty care, such as on-site dialysis, ventilator care, cardiac, and pulmonary management, as well as standard services comprising room and board, special nutritional programs, social services, recreational activities, entertainment, and other services.
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