The Ensign Group, Inc. (NASDAQ:ENSG) Shares Acquired by Ellsworth Advisors LLC

Ellsworth Advisors LLC increased its stake in The Ensign Group, Inc. (NASDAQ:ENSG) by 3.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,699 shares of the company’s stock after purchasing an additional 161 shares during the quarter. Ellsworth Advisors LLC’s holdings in The Ensign Group were worth $676,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in ENSG. Opal Wealth Advisors LLC bought a new stake in The Ensign Group during the second quarter worth approximately $31,000. EntryPoint Capital LLC bought a new stake in shares of The Ensign Group in the 1st quarter worth $34,000. LRI Investments LLC acquired a new stake in shares of The Ensign Group in the first quarter valued at $45,000. Canada Pension Plan Investment Board bought a new position in shares of The Ensign Group in the second quarter valued at $49,000. Finally, Natixis lifted its position in shares of The Ensign Group by 39.6% during the 1st quarter. Natixis now owns 398 shares of the company’s stock valued at $50,000 after acquiring an additional 113 shares during the last quarter. 96.12% of the stock is currently owned by institutional investors.

Insider Activity

In other The Ensign Group news, CEO Barry Port sold 5,618 shares of the company’s stock in a transaction dated Thursday, August 29th. The shares were sold at an average price of $150.00, for a total transaction of $842,700.00. Following the sale, the chief executive officer now directly owns 53,716 shares of the company’s stock, valued at approximately $8,057,400. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, Director Daren Shaw sold 2,000 shares of The Ensign Group stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $141.71, for a total value of $283,420.00. Following the completion of the sale, the director now directly owns 29,125 shares in the company, valued at $4,127,303.75. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Barry Port sold 5,618 shares of the business’s stock in a transaction dated Thursday, August 29th. The stock was sold at an average price of $150.00, for a total value of $842,700.00. Following the sale, the chief executive officer now directly owns 53,716 shares of the company’s stock, valued at $8,057,400. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 14,118 shares of company stock worth $2,053,620. Company insiders own 3.90% of the company’s stock.

The Ensign Group Stock Performance

Shares of NASDAQ ENSG opened at $149.04 on Friday. The Ensign Group, Inc. has a 12 month low of $92.69 and a 12 month high of $154.93. The business’s 50 day moving average is $147.43 and its two-hundred day moving average is $132.18. The company has a market cap of $8.48 billion, a P/E ratio of 39.22, a P/E/G ratio of 1.96 and a beta of 0.96. The company has a quick ratio of 1.53, a current ratio of 1.53 and a debt-to-equity ratio of 0.09.

The Ensign Group (NASDAQ:ENSG) last posted its quarterly earnings data on Thursday, July 25th. The company reported $1.32 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.30 by $0.02. The Ensign Group had a net margin of 5.68% and a return on equity of 17.32%. The company had revenue of $1.04 billion for the quarter, compared to the consensus estimate of $1.02 billion. During the same quarter in the previous year, the firm posted $1.08 EPS. The business’s revenue was up 12.5% compared to the same quarter last year. On average, equities analysts expect that The Ensign Group, Inc. will post 4.99 EPS for the current year.

The Ensign Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Monday, September 30th will be given a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.16%. The ex-dividend date is Monday, September 30th. The Ensign Group’s dividend payout ratio is presently 6.32%.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on ENSG shares. Oppenheimer boosted their target price on The Ensign Group from $155.00 to $165.00 and gave the stock an “outperform” rating in a research report on Monday, September 16th. Truist Financial lifted their target price on shares of The Ensign Group from $150.00 to $160.00 and gave the stock a “hold” rating in a research report on Wednesday, July 31st. Finally, Macquarie began coverage on The Ensign Group in a research note on Friday, June 28th. They issued an “outperform” rating and a $134.00 price target for the company. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $145.40.

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.