The Ensign Group, Inc. (NASDAQ:ENSG) Director John G. Nackel sold 6,000 shares of the company’s stock in a transaction on Friday, November 2nd. The stock was sold at an average price of $42.91, for a total value of $257,460.00. Following the sale, the director now owns 73,732 shares of the company’s stock, valued at $3,163,840.12. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.
Shares of NASDAQ ENSG traded down $0.83 during mid-day trading on Monday, reaching $45.12. 570,393 shares of the company were exchanged, compared to its average volume of 258,386. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.41 and a quick ratio of 1.41. The stock has a market capitalization of $2.40 billion, a P/E ratio of 37.60, a price-to-earnings-growth ratio of 1.79 and a beta of 0.65. The Ensign Group, Inc. has a 1 year low of $21.67 and a 1 year high of $47.30.
The Ensign Group (NASDAQ:ENSG) last issued its quarterly earnings data on Wednesday, October 31st. The company reported $0.46 earnings per share for the quarter, topping analysts’ consensus estimates of $0.45 by $0.01. The Ensign Group had a return on equity of 16.10% and a net margin of 3.86%. The firm had revenue of $522.21 million during the quarter, compared to analysts’ expectations of $506.14 million. During the same period in the prior year, the business posted $0.28 EPS. The firm’s quarterly revenue was up 10.7% on a year-over-year basis. As a group, equities research analysts anticipate that The Ensign Group, Inc. will post 1.71 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, October 31st. Shareholders of record on Sunday, September 30th were paid a $0.045 dividend. This represents a $0.18 dividend on an annualized basis and a yield of 0.40%. The ex-dividend date of this dividend was Thursday, September 27th. The Ensign Group’s dividend payout ratio (DPR) is presently 15.00%.
A number of institutional investors have recently added to or reduced their stakes in ENSG. BlackRock Inc. raised its stake in The Ensign Group by 14.1% in the second quarter. BlackRock Inc. now owns 7,187,953 shares of the company’s stock valued at $257,471,000 after buying an additional 890,137 shares during the last quarter. Segall Bryant & Hamill LLC purchased a new stake in The Ensign Group in the second quarter valued at about $30,968,000. WINTON GROUP Ltd purchased a new stake in The Ensign Group in the second quarter valued at about $16,497,000. Gagnon Securities LLC purchased a new stake in The Ensign Group in the second quarter valued at about $8,784,000. Finally, Advisors Asset Management Inc. raised its stake in The Ensign Group by 14,877.2% in the second quarter. Advisors Asset Management Inc. now owns 239,336 shares of the company’s stock valued at $103,000 after buying an additional 237,738 shares during the last quarter. Institutional investors own 84.70% of the company’s stock.
A number of brokerages recently weighed in on ENSG. Cantor Fitzgerald restated a “buy” rating and set a $42.00 price objective on shares of The Ensign Group in a research note on Monday, July 30th. ValuEngine cut The Ensign Group from a “strong-buy” rating to a “buy” rating in a research note on Friday, August 3rd. BidaskClub upgraded The Ensign Group from a “buy” rating to a “strong-buy” rating in a research note on Friday, August 17th. Stifel Nicolaus set a $34.00 price objective on The Ensign Group and gave the stock a “hold” rating in a research note on Thursday, August 16th. Finally, Zacks Investment Research cut The Ensign Group from a “buy” rating to a “hold” rating in a research note on Wednesday, August 22nd. Two analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. The Ensign Group currently has a consensus rating of “Buy” and an average target price of $39.00.
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The Ensign Group Company Profile
The Ensign Group, Inc provides health care services in the post-acute care continuum and other ancillary businesses in the United States. It operates through three segments: Transitional and Skilled Services; Assisted and Independent Living Services; and Home Health and Hospice Services. The Transitional and Skilled Services segment offers a range of medical, nursing, rehabilitative, and pharmacy services, as well as routine services, including daily dietary, social, and recreational services to Medicaid, private pay, managed care, and Medicare payors.
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