Inspire Investing LLC Invests $2.21 Million in The Ensign Group, Inc. $ENSG

by · The Cerbat Gem

Inspire Investing LLC bought a new position in shares of The Ensign Group, Inc. (NASDAQ:ENSG – Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 17,040 shares of the company’s stock, valued at approximately $2,205,000.

Other large investors also recently made changes to their positions in the company. Rise Advisors LLC grew its holdings in shares of The Ensign Group by 114.0% during the first quarter. Rise Advisors LLC now owns 199 shares of the company’s stock worth $26,000 after purchasing an additional 106 shares during the last quarter. WPG Advisers LLC bought a new stake in shares of The Ensign Group during the first quarter worth $27,000. TCTC Holdings LLC grew its holdings in shares of The Ensign Group by 116.7% during the first quarter. TCTC Holdings LLC now owns 208 shares of the company’s stock worth $27,000 after purchasing an additional 112 shares during the last quarter. Opal Wealth Advisors LLC bought a new stake in shares of The Ensign Group during the first quarter worth $36,000. Finally, AdvisorNet Financial Inc bought a new stake in shares of The Ensign Group during the first quarter worth $38,000. Institutional investors own 96.12% of the company’s stock.

The Ensign Group Stock Performance

The Ensign Group stock opened at $168.95 on Friday. The company has a current ratio of 1.41, a quick ratio of 1.41 and a debt-to-equity ratio of 0.07. The Ensign Group, Inc. has a 1 year low of $118.73 and a 1 year high of $174.98. The company has a market cap of $9.75 billion, a PE ratio of 30.66, a PEG ratio of 1.91 and a beta of 0.93. The company’s 50-day moving average is $157.79 and its two-hundred day moving average is $144.55.

The Ensign Group (NASDAQ:ENSG – Get Free Report) last issued its earnings results on Thursday, July 24th. The company reported $1.59 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.54 by $0.05. The Ensign Group had a return on equity of 16.92% and a net margin of 6.99%.The firm had revenue of $1.23 billion for the quarter, compared to analysts’ expectations of $1.22 billion. During the same quarter last year, the business earned $1.32 earnings per share. The company’s revenue was up 18.5% compared to the same quarter last year. The Ensign Group has set its FY 2025 guidance at 6.340-6.460 EPS. Equities analysts anticipate that The Ensign Group, Inc. will post 5.59 earnings per share for the current year.

The Ensign Group Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, July 31st. Shareholders of record on Monday, June 30th were issued a dividend of $0.0625 per share. The ex-dividend date was Monday, June 30th. This represents a $0.25 dividend on an annualized basis and a yield of 0.1%. The Ensign Group’s dividend payout ratio (DPR) is 4.54%.

Insiders Place Their Bets

In other The Ensign Group news, VP Beverly B. Wittekind sold 4,719 shares of the firm’s stock in a transaction dated Wednesday, June 18th. The stock was sold at an average price of $155.00, for a total transaction of $731,445.00. Following the transaction, the vice president owned 38,679 shares in the company, valued at approximately $5,995,245. This trade represents a 10.87% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Suzanne D. Snapper sold 8,379 shares of the firm’s stock in a transaction dated Monday, July 7th. The stock was sold at an average price of $148.21, for a total value of $1,241,851.59. Following the transaction, the chief financial officer owned 269,692 shares in the company, valued at approximately $39,971,051.32. This trade represents a 3.01% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 14,498 shares of company stock worth $2,201,175. Insiders own 3.90% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on ENSG shares. Truist Financial raised their price target on The Ensign Group from $155.00 to $165.00 and gave the company a “hold” rating in a report on Monday, July 28th. Stephens upped their target price on shares of The Ensign Group from $165.00 to $170.00 and gave the company an “overweight” rating in a research report on Monday, July 28th. Finally, UBS Group upped their target price on shares of The Ensign Group from $195.00 to $205.00 and gave the company a “buy” rating in a research report on Tuesday, September 2nd. Five equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, The Ensign Group presently has an average rating of “Moderate Buy” and an average target price of $172.67.

Get Our Latest Analysis on The Ensign Group

About The Ensign Group

(Free Report)

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.

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