Bryce Point Capital LLC Invests $471,000 in The Ensign Group, Inc. (NASDAQ:ENSG)

Bryce Point Capital LLC acquired a new stake in The Ensign Group, Inc. (NASDAQ:ENSG) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 3,544 shares of the company’s stock, valued at approximately $471,000.

A number of other hedge funds and other institutional investors have also modified their holdings of ENSG. Retirement Wealth Solutions LLC acquired a new position in shares of The Ensign Group during the 4th quarter worth approximately $25,000. Avior Wealth Management LLC increased its holdings in The Ensign Group by 190.1% during the fourth quarter. Avior Wealth Management LLC now owns 206 shares of the company’s stock worth $27,000 after buying an additional 135 shares during the last quarter. Venturi Wealth Management LLC raised its position in The Ensign Group by 150.6% during the fourth quarter. Venturi Wealth Management LLC now owns 208 shares of the company’s stock worth $28,000 after acquiring an additional 125 shares in the last quarter. CBIZ Investment Advisory Services LLC raised its position in The Ensign Group by 38.8% during the fourth quarter. CBIZ Investment Advisory Services LLC now owns 354 shares of the company’s stock worth $47,000 after acquiring an additional 99 shares in the last quarter. Finally, Asset Planning Inc acquired a new stake in The Ensign Group in the fourth quarter valued at $80,000. Institutional investors and hedge funds own 96.12% of the company’s stock.

Insider Buying and Selling at The Ensign Group

In other news, Chairman Christopher R. Christensen sold 39,086 shares of the company’s stock in a transaction on Wednesday, February 5th. The stock was sold at an average price of $148.52, for a total transaction of $5,805,052.72. Following the completion of the sale, the chairman now directly owns 12,539 shares in the company, valued at approximately $1,862,292.28. This represents a 75.71 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Barry M. Smith sold 700 shares of the firm’s stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $129.15, for a total value of $90,405.00. Following the completion of the transaction, the director now owns 30,052 shares in the company, valued at $3,881,215.80. The trade was a 2.28 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 42,486 shares of company stock valued at $6,251,714 in the last quarter. Company insiders own 3.90% of the company’s stock.

The Ensign Group Price Performance

The Ensign Group stock opened at $129.33 on Friday. The company has a market capitalization of $7.43 billion, a price-to-earnings ratio of 25.31, a PEG ratio of 1.52 and a beta of 0.98. The company has a current ratio of 1.56, a quick ratio of 1.56 and a debt-to-equity ratio of 0.08. The Ensign Group, Inc. has a 12 month low of $113.27 and a 12 month high of $158.45. The stock’s 50 day moving average is $131.63 and its 200-day moving average is $139.42.

The Ensign Group (NASDAQ:ENSG) last issued its quarterly earnings data on Wednesday, February 5th. The company reported $1.36 EPS for the quarter, missing analysts’ consensus estimates of $1.47 by ($0.11). The Ensign Group had a net margin of 6.99% and a return on equity of 17.07%. Equities research analysts expect that The Ensign Group, Inc. will post 5.59 EPS for the current year.

The Ensign Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Monday, March 31st will be paid a $0.0625 dividend. This represents a $0.25 annualized dividend and a yield of 0.19%. The ex-dividend date of this dividend is Monday, March 31st. The Ensign Group’s dividend payout ratio (DPR) is 4.89%.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on ENSG. Macquarie upped their target price on shares of The Ensign Group from $165.00 to $166.00 and gave the company an “outperform” rating in a report on Tuesday, February 4th. Stephens reaffirmed an “overweight” rating and issued a $155.00 price objective on shares of The Ensign Group in a research report on Thursday, February 6th. Finally, Truist Financial decreased their target price on The Ensign Group from $170.00 to $155.00 and set a “hold” rating on the stock in a report on Monday, January 6th. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $165.17.

About The Ensign Group

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.