First Hawaiian Bank Buys 1,022 Shares of The Ensign Group, Inc. (NASDAQ:ENSG)

First Hawaiian Bank increased its stake in shares of The Ensign Group, Inc. (NASDAQ:ENSG) by 37.5% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,745 shares of the company’s stock after buying an additional 1,022 shares during the quarter. First Hawaiian Bank’s holdings in The Ensign Group were worth $463,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of the stock. EntryPoint Capital LLC acquired a new position in The Ensign Group in the 1st quarter worth about $34,000. Scarborough Advisors LLC purchased a new position in The Ensign Group during the fourth quarter worth about $35,000. LRI Investments LLC purchased a new stake in shares of The Ensign Group during the 1st quarter valued at $45,000. YHB Investment Advisors Inc. purchased a new position in The Ensign Group in the first quarter valued at about $50,000. Finally, Natixis grew its holdings in The Ensign Group by 39.6% during the first quarter. Natixis now owns 398 shares of the company’s stock valued at $50,000 after purchasing an additional 113 shares during the period. Institutional investors own 96.12% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have weighed in on ENSG shares. Stephens restated an “overweight” rating and issued a $135.00 target price on shares of The Ensign Group in a research note on Tuesday, April 23rd. Truist Financial boosted their price objective on shares of The Ensign Group from $150.00 to $160.00 and gave the company a “hold” rating in a research report on Wednesday, July 31st. Macquarie began coverage on shares of The Ensign Group in a research report on Friday, June 28th. They issued an “outperform” rating and a $134.00 target price for the company. Finally, Oppenheimer upped their target price 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 analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, The Ensign Group presently has a consensus rating of “Moderate Buy” and a consensus price target of $134.50.

The Ensign Group Trading Up 3.2 %

Shares of ENSG traded up $4.42 during midday trading on Tuesday, hitting $141.62. The stock had a trading volume of 241,650 shares, compared to its average volume of 303,296. The firm has a market cap of $8.06 billion, a PE ratio of 37.23, a price-to-earnings-growth ratio of 1.88 and a beta of 0.99. The Ensign Group, Inc. has a 1 year low of $90.00 and a 1 year high of $147.93. The stock’s 50 day moving average is $127.38 and its 200 day moving average is $122.61. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.53 and a quick ratio of 1.53.

The Ensign Group (NASDAQ:ENSG) last issued its quarterly earnings results on Thursday, July 25th. The company reported $1.32 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.30 by $0.02. The firm had revenue of $1.04 billion during the quarter, compared to analyst estimates of $1.02 billion. The Ensign Group had a return on equity of 17.32% and a net margin of 5.68%. The Ensign Group’s quarterly revenue was up 12.5% compared to the same quarter last year. During the same period last year, the company earned $1.08 EPS. As a group, analysts forecast that The Ensign Group, Inc. will post 4.95 EPS for the current fiscal year.

The Ensign Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 31st. Shareholders of record on Sunday, June 30th were given a $0.06 dividend. The ex-dividend date of this dividend was Friday, June 28th. This represents a $0.24 annualized dividend and a yield of 0.17%. The Ensign Group’s dividend payout ratio (DPR) is 6.32%.

Insider Transactions at The Ensign Group

In related news, Director Daren Shaw sold 2,000 shares of the stock in a transaction that occurred on Wednesday, May 15th. The stock was sold at an average price of $118.26, for a total value of $236,520.00. Following the transaction, the director now owns 30,250 shares of the company’s stock, valued at $3,577,365. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other news, Director Daren Shaw sold 2,000 shares of the business’s stock in a transaction dated Wednesday, May 15th. The shares were sold at an average price of $118.26, for a total value of $236,520.00. Following the completion of the sale, the director now owns 30,250 shares in the company, valued at approximately $3,577,365. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, COO Spencer Burton sold 7,519 shares of the stock in a transaction that occurred on 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 in the company, valued at $5,756,620.16. The disclosure for this sale can be found here. Over the last three months, insiders have sold 12,618 shares of company stock valued at $1,673,939. 3.90% of the stock is currently owned by company insiders.

The Ensign Group Company 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.