Investor s Fiduciary Advisor Network LLC purchased a new stake in The Ensign Group, Inc. (NASDAQ:ENSG – Free Report) in the 2nd quarter, according to its most recent filing with the SEC. The institutional investor purchased 16,471 shares of the company’s stock, valued at approximately $2,640,000. The Ensign Group makes up about 0.9% of Investor s Fiduciary Advisor Network LLC’s investment portfolio, making the stock its 27th largest holding.
Other hedge funds also recently added to or reduced their stakes in the company. Parkside Financial Bank & Trust lifted its stake in shares of The Ensign Group by 2.9% during the fourth quarter. Parkside Financial Bank & Trust now owns 2,000 shares of the company’s stock worth $348,000 after purchasing an additional 57 shares in the last quarter. Csenge Advisory Group boosted its position in shares of The Ensign Group by 3.7% in the fourth quarter. Csenge Advisory Group now owns 1,642 shares of the company’s stock worth $286,000 after buying an additional 58 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its stake in shares of The Ensign Group by 0.4% in the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 14,451 shares of the company’s stock valued at $2,912,000 after buying an additional 58 shares in the last quarter. Northwestern Mutual Wealth Management Co. grew its stake in shares of The Ensign Group by 55.0% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 172 shares of the company’s stock valued at $30,000 after buying an additional 61 shares in the last quarter. Finally, Envestnet Portfolio Solutions Inc. raised its holdings in shares of The Ensign Group by 2.9% during the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 2,189 shares of the company’s stock valued at $381,000 after buying an additional 62 shares during the period. 96.12% of the stock is owned by hedge funds and other institutional investors.
The Ensign Group Price Performance
Shares of NASDAQ ENSG opened at $179.48 on Monday. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.21 and a current ratio of 1.21. The Ensign Group, Inc. has a 1 year low of $141.58 and a 1 year high of $218.00. The stock’s 50-day simple moving average is $171.11 and its 200-day simple moving average is $184.50. The firm has a market cap of $10.46 billion, a price-to-earnings ratio of 28.13, a PEG ratio of 1.73 and a beta of 0.68.
The Ensign Group Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Friday, July 31st. Stockholders of record on Tuesday, June 30th were paid a dividend of $0.065 per share. This represents a $0.26 annualized dividend and a dividend yield of 0.1%. The ex-dividend date was Tuesday, June 30th. The Ensign Group’s dividend payout ratio is 4.08%.
Analysts Set New Price Targets
Several equities analysts recently commented on ENSG shares. Weiss Ratings lowered The Ensign Group from a “buy (b)” rating to a “buy (b-)” rating in a research report on Tuesday, June 16th. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $228.00 price objective on shares of The Ensign Group in a research report on Tuesday, July 28th. Wall Street Zen lowered shares of The Ensign Group from a “buy” rating to a “hold” rating in a research note on Saturday, July 25th. Finally, Truist Financial boosted their target price on shares of The Ensign Group from $202.00 to $207.00 and gave the stock a “hold” rating in a research report on Thursday, July 30th. Four equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, The Ensign Group presently has a consensus rating of “Moderate Buy” and an average target price of $216.25.
Read Our Latest Research Report on ENSG
Insider Activity at The Ensign Group
In other The Ensign Group news, Director John O. Agwunobi sold 392 shares of the firm’s 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 transaction, the director directly owned 9,503 shares of the company’s stock, valued at $1,625,583.18. This trade represents a 3.96% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at 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 Ensign Group stock in a transaction that occurred on Tuesday, June 2nd. The stock was sold at an average price of $164.28, for a total value of $114,996.00. Following the completion of the transaction, the director owned 21,352 shares of the company’s stock, valued at approximately $3,507,706.56. The trade was a 3.17% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate 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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