Insider Selling: The Ensign Group, Inc. (ENSG) VP Sells 3,884 Shares of Stock

The Ensign Group, Inc. (NASDAQ:ENSG) VP Barry Port sold 3,884 shares of the company’s stock in a transaction dated Thursday, March 16th. The shares were sold at an average price of $18.13, for a total transaction of $70,416.92. Following the sale, the vice president now owns 122,442 shares in the company, valued at $2,219,873.46. The sale was disclosed in a filing with the SEC, which is available at this link.

Shares of The Ensign Group, Inc. (NASDAQ:ENSG) traded up 1.31% during trading on Monday, reaching $18.62. 241,587 shares of the company traded hands. The Ensign Group, Inc. has a 52 week low of $16.76 and a 52 week high of $23.86. The firm has a 50 day moving average of $18.87 and a 200 day moving average of $20.25. The stock has a market capitalization of $947.72 million, a PE ratio of 19.40 and a beta of 0.95.

The Ensign Group (NASDAQ:ENSG) last announced its earnings results on Wednesday, February 8th. The company reported $0.30 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.37 by $0.07. The Ensign Group had a net margin of 3.02% and a return on equity of 13.94%. The company earned $433.05 million during the quarter, compared to analyst estimates of $436.14 million. During the same quarter last year, the business earned $0.35 EPS. The firm’s revenue for the quarter was up 16.0% compared to the same quarter last year. On average, equities analysts predict that The Ensign Group, Inc. will post $1.50 EPS for the current year.

Insider Buying and Selling by Quarter for The Ensign Group (NASDAQ:ENSG)

The business also recently announced a quarterly dividend, which will be paid on Sunday, April 30th. Stockholders of record on Friday, March 31st will be given a $0.0425 dividend. The ex-dividend date is Wednesday, March 29th. This represents a $0.17 annualized dividend and a dividend yield of 0.91%. The Ensign Group’s dividend payout ratio (DPR) is 17.71%.

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Hedge funds have recently made changes to their positions in the stock. Wasatch Advisors Inc. raised its stake in shares of The Ensign Group by 8.6% in the third quarter. Wasatch Advisors Inc. now owns 6,446,185 shares of the company’s stock valued at $129,762,000 after buying an additional 510,628 shares during the period. BlackRock Fund Advisors raised its stake in shares of The Ensign Group by 7.7% in the third quarter. BlackRock Fund Advisors now owns 3,475,829 shares of the company’s stock valued at $69,968,000 after buying an additional 247,899 shares during the period. Dimensional Fund Advisors LP raised its stake in shares of The Ensign Group by 4.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,956,431 shares of the company’s stock valued at $43,453,000 after buying an additional 78,878 shares during the period. State Street Corp raised its stake in shares of The Ensign Group by 5.8% in the fourth quarter. State Street Corp now owns 1,114,745 shares of the company’s stock valued at $24,756,000 after buying an additional 61,472 shares during the period. Finally, Copeland Capital Management LLC raised its stake in shares of The Ensign Group by 18.8% in the third quarter. Copeland Capital Management LLC now owns 1,106,791 shares of the company’s stock valued at $22,280,000 after buying an additional 174,883 shares during the period. Institutional investors and hedge funds own 87.18% of the company’s stock.

Several analysts have recently issued reports on ENSG shares. TheStreet cut shares of The Ensign Group from a “b” rating to a “c+” rating in a research report on Wednesday, January 25th. Cantor Fitzgerald restated a “buy” rating on shares of The Ensign Group in a research report on Thursday, December 15th. Zacks Investment Research cut shares of The Ensign Group from a “hold” rating to a “sell” rating in a research report on Wednesday, February 15th. JMP Securities cut shares of The Ensign Group from a “market perform” rating to an “underperform” rating and set a $18.00 target price on the stock. in a research report on Wednesday, January 4th. Finally, Oppenheimer Holdings Inc. reiterated an “outperform” rating and set a $26.00 price target (down from $29.00) on shares of The Ensign Group in a report on Friday, February 10th. Two research analysts have rated the stock with a sell rating, one has given a hold rating and four have issued a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $23.33.

About The Ensign Group

The Ensign Group, Inc, through its operating subsidiaries, provides healthcare services across the post-acute care continuum, as well as other ancillary businesses located in Arizona, California, Colorado, Idaho, Iowa, Kansas, Nebraska, Nevada, Oregon, South Carolina, Texas, Utah, Washington and Wisconsin.

5 Day Chart for NASDAQ:ENSG

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