Entropy Technologies LP raised its stake in The Ensign Group, Inc. (NASDAQ:ENSG – Free Report) by 30.0% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 13,372 shares of the company’s stock after purchasing an additional 3,085 shares during the period. Entropy Technologies LP’s holdings in The Ensign Group were worth $2,694,000 at the end of the most recent quarter.
Several other large investors also recently modified their holdings of ENSG. Parkside Financial Bank & Trust lifted its stake in shares of The Ensign Group by 2.9% during the 4th quarter. Parkside Financial Bank & Trust now owns 2,000 shares of the company’s stock worth $348,000 after buying an additional 57 shares during the last quarter. Csenge Advisory Group grew its stake in The Ensign Group by 3.7% in the 4th quarter. Csenge Advisory Group now owns 1,642 shares of the company’s stock valued at $286,000 after buying an additional 58 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its holdings in The Ensign Group by 0.4% in the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 14,451 shares of the company’s stock valued at $2,912,000 after acquiring an additional 58 shares during the period. Northwestern Mutual Wealth Management Co. lifted its position in The Ensign Group by 55.0% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 172 shares of the company’s stock worth $30,000 after acquiring an additional 61 shares during the last quarter. Finally, Envestnet Portfolio Solutions Inc. lifted its position in The Ensign Group by 2.9% during the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 2,189 shares of the company’s stock worth $381,000 after acquiring an additional 62 shares during the last quarter. 96.12% of the stock is owned by institutional investors.
The Ensign Group Stock Performance
NASDAQ ENSG opened at $172.99 on Monday. The company has a quick ratio of 1.56, a current ratio of 1.56 and a debt-to-equity ratio of 0.06. The company has a market capitalization of $10.11 billion, a P/E ratio of 28.17, a P/E/G ratio of 1.69 and a beta of 0.69. The Ensign Group, Inc. has a 12-month low of $141.58 and a 12-month high of $218.00. The firm has a 50-day moving average price of $165.30 and a two-hundred day moving average price of $183.91.
The Ensign Group Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 31st. Investors of record on Tuesday, June 30th will be paid a $0.065 dividend. The ex-dividend date of this dividend is Tuesday, June 30th. This represents a $0.26 annualized dividend and a yield of 0.2%. The Ensign Group’s dividend payout ratio is presently 4.23%.
Insiders Place Their Bets
In other The Ensign Group news, Director Barry M. Smith sold 700 shares of the firm’s stock in a transaction that occurred on Tuesday, June 2nd. The shares were sold at an average price of $164.28, for a total value of $114,996.00. Following the sale, the director owned 21,352 shares in the company, valued at $3,507,706.56. This trade represents a 3.17% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 4.00% of the stock is owned by corporate insiders.
Wall Street Analyst Weigh In
A number of equities research analysts have recently issued reports on the company. Truist Financial reduced their price objective on The Ensign Group from $215.00 to $202.00 and set a “hold” rating for the company in a report on Tuesday, July 14th. Zacks Research cut The Ensign Group from a “strong-buy” rating to a “hold” rating in a report on Monday, April 6th. Weiss Ratings downgraded The Ensign Group from a “buy (b)” rating to a “buy (b-)” rating in a research note on Tuesday, June 16th. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of The Ensign Group in a report on Tuesday, June 9th. Finally, Wall Street Zen cut The Ensign Group from a “buy” rating to a “hold” rating in a research report on Saturday. Four research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $213.50.
Read Our Latest Stock Report on The Ensign Group
The Ensign Group Profile
The Ensign Group, Inc is a diversified provider of post-acute healthcare services in the United States, operating a network of skilled nursing, assisted living, independent living, home health and hospice care centers. The company’s model emphasizes integrated care by employing multidisciplinary teams—including nursing staff, therapists and physicians—to deliver personalized rehabilitation and long-term care services for seniors and other patients recovering from injury, illness or surgery.
Through its owned and managed centers, The Ensign Group offers a broad spectrum of rehabilitation services such as physical, occupational and speech therapy.
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