Dynamic Technology Lab Private Ltd Acquires 8,841 Shares of The Ensign Group, Inc. (NASDAQ:ENSG)

Dynamic Technology Lab Private Ltd grew its holdings in The Ensign Group, Inc. (NASDAQ:ENSG) by 374.6% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 11,201 shares of the company’s stock after purchasing an additional 8,841 shares during the period. Dynamic Technology Lab Private Ltd’s holdings in The Ensign Group were worth $1,611,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in ENSG. Opal Wealth Advisors LLC purchased a new position in The Ensign Group in the 2nd quarter worth about $31,000. EntryPoint Capital LLC bought a new stake in shares of The Ensign Group during the first quarter valued at approximately $34,000. Signaturefd LLC raised its stake in shares of The Ensign Group by 115.2% during the third quarter. Signaturefd LLC now owns 284 shares of the company’s stock valued at $41,000 after acquiring an additional 152 shares in the last quarter. LRI Investments LLC purchased a new stake in shares of The Ensign Group in the first quarter valued at approximately $45,000. Finally, Canada Pension Plan Investment Board bought a new position in The Ensign Group in the second quarter worth approximately $49,000. 96.12% of the stock is currently owned by institutional investors.

The Ensign Group Stock Performance

Shares of The Ensign Group stock opened at $145.20 on Tuesday. The company has a market capitalization of $8.32 billion, a PE ratio of 35.16, a P/E/G ratio of 1.94 and a beta of 0.95. The company has a 50-day simple moving average of $148.76 and a two-hundred day simple moving average of $138.14. The Ensign Group, Inc. has a one year low of $104.18 and a one year high of $158.45. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.56 and a current ratio of 1.56.

The Ensign Group (NASDAQ:ENSG) last posted its quarterly earnings data on Thursday, October 24th. The company reported $1.39 EPS for the quarter, topping the consensus estimate of $1.38 by $0.01. The firm had revenue of $1.08 billion during the quarter, compared to analyst estimates of $1.07 billion. The Ensign Group had a net margin of 5.84% and a return on equity of 17.21%. The Ensign Group’s revenue was up 15.0% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.10 EPS. Research analysts expect that The Ensign Group, Inc. will post 5.02 EPS for the current fiscal year.

The Ensign Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 31st. Stockholders of record on Monday, September 30th were given a $0.06 dividend. The ex-dividend date was Monday, September 30th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.17%. The Ensign Group’s payout ratio is 5.81%.

Insider Transactions at The Ensign Group

In related news, CEO Barry Port sold 5,618 shares of the stock in a transaction that occurred on Thursday, August 29th. The shares were sold at an average price of $150.00, for a total value of $842,700.00. Following the completion of the transaction, the chief executive officer now directly owns 53,716 shares of the company’s stock, valued at $8,057,400. This trade represents a 9.47 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 3.90% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on ENSG shares. UBS Group assumed coverage on The Ensign Group in a research report on Thursday, November 21st. They set a “buy” rating and a $175.00 target price for the company. Stephens lifted their price objective on The Ensign Group from $163.00 to $167.00 and gave the company an “overweight” rating in a report on Monday, October 28th. Royal Bank of Canada increased their target price on shares of The Ensign Group from $167.00 to $172.00 and gave the stock an “outperform” rating in a report on Monday, October 28th. Truist Financial raised their target price on shares of The Ensign Group from $160.00 to $170.00 and gave the company a “hold” rating in a research report on Monday, October 28th. Finally, Oppenheimer upped their price target on shares of The Ensign Group from $165.00 to $168.00 and gave the stock an “outperform” rating in a research report on Friday, October 25th. One analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, The Ensign Group presently has an average rating of “Moderate Buy” and a consensus target price of $164.33.

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.