Global Retirement Partners LLC bought a new position in The Ensign Group, Inc. (NASDAQ:ENSG – Free Report) in the second quarter, Holdings Channel.com reports. The institutional investor bought 4,124 shares of the company’s stock, valued at approximately $661,000.
A number of other large investors have also added to or reduced their stakes in the company. Private Trust Co. NA lifted its position in shares of The Ensign Group by 156.5% during the fourth quarter. Private Trust Co. NA now owns 159 shares of the company’s stock valued at $28,000 after buying an additional 97 shares during the last quarter. Cedar Mountain Advisors LLC bought a new position in shares of The Ensign Group during the 1st quarter worth approximately $32,000. Monetary Solutions Ltd bought a new position in shares of The Ensign Group during the 4th quarter worth approximately $30,000. Northwestern Mutual Wealth Management Co. raised its stake in shares of The Ensign Group by 55.0% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 172 shares of the company’s stock worth $30,000 after acquiring an additional 61 shares in the last quarter. Finally, Bayban purchased a new stake in The Ensign Group during the fourth quarter valued at approximately $31,000. 96.12% of the stock is currently owned by institutional investors.
The Ensign Group Stock Performance
ENSG opened at $182.49 on Wednesday. The Ensign Group, Inc. has a 52-week low of $141.58 and a 52-week high of $218.00. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 0.06. The company has a market cap of $10.64 billion, a P/E ratio of 28.60, a price-to-earnings-growth ratio of 1.75 and a beta of 0.68. The firm’s 50-day moving average price is $169.24 and its 200-day moving average price is $184.31.
The Ensign Group Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Friday, July 31st. Shareholders of record on Tuesday, June 30th were issued a $0.065 dividend. The ex-dividend date of this dividend was Tuesday, June 30th. This represents a $0.26 dividend on an annualized basis and a dividend yield of 0.1%. The Ensign Group’s dividend payout ratio (DPR) is currently 4.08%.
Wall Street Analysts Forecast Growth
Several equities research analysts have weighed in on ENSG shares. Wall Street Zen downgraded shares of The Ensign Group from a “buy” rating to a “hold” rating in a research note on Saturday, July 25th. Weiss Ratings downgraded The Ensign Group from a “buy (b)” rating to a “buy (b-)” rating in a research report on Tuesday, June 16th. Truist Financial increased their price objective on The Ensign Group from $202.00 to $207.00 and gave the company a “hold” rating in a report on Thursday, July 30th. Finally, Royal Bank Of Canada reissued an “outperform” rating and issued a $228.00 price objective on shares of The Ensign Group in a research report on Tuesday, July 28th. Four analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, The Ensign Group currently has an average rating of “Moderate Buy” and an average target price of $216.25.
Check Out Our Latest Stock Analysis on ENSG
Insider Buying and Selling at The Ensign Group
In other news, Director John O. Agwunobi sold 392 shares of The Ensign Group stock in a transaction on Monday, July 20th. The shares were sold at an average price of $171.06, for a total transaction of $67,055.52. Following the completion of the sale, the director directly owned 9,503 shares in the company, valued at approximately $1,625,583.18. The trade was a 3.96% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Barry M. Smith sold 700 shares of the business’s stock in a transaction on Tuesday, June 2nd. The shares were sold at an average price of $164.28, for a total transaction of $114,996.00. Following the sale, the director directly owned 21,352 shares in the company, valued at $3,507,706.56. This trade represents a 3.17% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 4.00% of the company’s stock.
The Ensign Group Profile
The Ensign Group, Inc is a diversified provider of post-acute healthcare services in the United States, operating a network of skilled nursing, assisted living, independent living, home health and hospice care centers. The company’s model emphasizes integrated care by employing multidisciplinary teams—including nursing staff, therapists and physicians—to deliver personalized rehabilitation and long-term care services for seniors and other patients recovering from injury, illness or surgery.
Through its owned and managed centers, The Ensign Group offers a broad spectrum of rehabilitation services such as physical, occupational and speech therapy.
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