The Ensign Group, Inc. (NASDAQ:ENSG) Director John G. Nackel sold 5,000 shares of the stock in a transaction that occurred on Tuesday, February 20th. The stock was sold at an average price of $26.90, for a total value of $134,500.00. Following the sale, the director now directly owns 91,232 shares in the company, valued at approximately $2,454,140.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.
Shares of The Ensign Group, Inc. (ENSG) traded down $0.07 during mid-day trading on Friday, hitting $26.87. The company’s stock had a trading volume of 161,161 shares, compared to its average volume of 234,626. The firm has a market cap of $1,423.56, a P/E ratio of 35.45, a PEG ratio of 1.09 and a beta of 0.81. The Ensign Group, Inc. has a 52-week low of $16.50 and a 52-week high of $27.80. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.63 and a current ratio of 1.63.
The Ensign Group (NASDAQ:ENSG) last issued its earnings results on Thursday, February 8th. The company reported $0.40 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.40. The firm had revenue of $487.70 million for the quarter, compared to the consensus estimate of $457.91 million. The Ensign Group had a return on equity of 13.87% and a net margin of 2.19%. The company’s revenue was up 12.6% compared to the same quarter last year. During the same quarter last year, the business posted $0.30 EPS. analysts expect that The Ensign Group, Inc. will post 1.69 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 31st. Shareholders of record on Sunday, December 31st were issued a $0.045 dividend. This represents a $0.18 dividend on an annualized basis and a dividend yield of 0.67%. The ex-dividend date was Thursday, December 28th. This is an increase from The Ensign Group’s previous quarterly dividend of $0.04. The Ensign Group’s dividend payout ratio (DPR) is currently 23.68%.
ENSG has been the topic of a number of analyst reports. Royal Bank of Canada reissued a “buy” rating and set a $21.00 price target on shares of The Ensign Group in a research report on Tuesday, November 7th. BidaskClub downgraded The Ensign Group from a “buy” rating to a “hold” rating in a research report on Tuesday, December 5th. ValuEngine downgraded The Ensign Group from a “buy” rating to a “hold” rating in a research report on Tuesday, November 14th. Cantor Fitzgerald increased their price target on The Ensign Group from $23.00 to $27.00 and gave the stock an “overweight” rating in a research report on Thursday, November 9th. Finally, Stifel Nicolaus set a $22.00 price target on The Ensign Group and gave the stock a “hold” rating in a research report on Friday, February 9th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and four have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $26.80.
Hedge funds have recently modified their holdings of the business. Northern Trust Corp boosted its holdings in shares of The Ensign Group by 19.1% in the 2nd quarter. Northern Trust Corp now owns 747,571 shares of the company’s stock valued at $16,275,000 after purchasing an additional 120,113 shares in the last quarter. Cambridge Investment Research Advisors Inc. acquired a new stake in shares of The Ensign Group in the 3rd quarter valued at $640,000. Bridge City Capital LLC boosted its holdings in shares of The Ensign Group by 8.7% in the 3rd quarter. Bridge City Capital LLC now owns 131,977 shares of the company’s stock valued at $2,981,000 after purchasing an additional 10,547 shares in the last quarter. Ameriprise Financial Inc. boosted its holdings in shares of The Ensign Group by 2.8% in the 3rd quarter. Ameriprise Financial Inc. now owns 476,019 shares of the company’s stock valued at $10,753,000 after purchasing an additional 12,775 shares in the last quarter. Finally, State Street Corp boosted its holdings in shares of The Ensign Group by 5.5% in the 2nd quarter. State Street Corp now owns 1,289,881 shares of the company’s stock valued at $28,076,000 after purchasing an additional 67,741 shares in the last quarter. 84.78% of the stock is currently owned by hedge funds and other institutional investors.
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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.
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