The Ensign Group (NASDAQ:ENSG) Director Sells $121,513.00 in Stock

by · The Cerbat Gem

The Ensign Group, Inc. (NASDAQ:ENSG – Get Free Report) Director Barry Smith sold 700 shares of the business’s stock in a transaction dated Friday, January 2nd. The shares were sold at an average price of $173.59, for a total value of $121,513.00. Following the completion of the sale, the director directly owned 23,652 shares of the company’s stock, valued at $4,105,750.68. The trade was a 2.87% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.

The Ensign Group Trading Down 1.2%

NASDAQ:ENSG opened at $176.21 on Friday. The company has a market capitalization of $10.21 billion, a PE ratio of 31.52, a P/E/G ratio of 1.85 and a beta of 0.86. The Ensign Group, Inc. has a 52-week low of $118.73 and a 52-week high of $193.99. The stock’s 50 day moving average price is $179.23 and its 200 day moving average price is $169.21. The company has a quick ratio of 1.46, a current ratio of 1.46 and a debt-to-equity ratio of 0.07.

The Ensign Group (NASDAQ:ENSG – Get Free Report) last issued its quarterly earnings data on Monday, November 3rd. The company reported $1.64 earnings per share for the quarter, beating analysts’ consensus estimates of $1.59 by $0.05. The company had revenue of $1.30 billion during the quarter, compared to analysts’ expectations of $1.28 billion. The Ensign Group had a return on equity of 16.77% and a net margin of 6.80%.The firm’s revenue for the quarter was up 19.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.39 earnings per share. The Ensign Group has set its FY 2025 guidance at 6.480-6.540 EPS. On average, research analysts anticipate that The Ensign Group, Inc. will post 5.59 EPS for the current year.

The Ensign Group Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Saturday, January 31st. Shareholders of record on Wednesday, December 31st will be paid a $0.065 dividend. This is a boost from The Ensign Group’s previous quarterly dividend of $0.06. This represents a $0.26 dividend on an annualized basis and a yield of 0.1%. The ex-dividend date is Wednesday, December 31st. The Ensign Group’s dividend payout ratio (DPR) is presently 4.65%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the company. Truist Financial raised their price target on The Ensign Group from $190.00 to $200.00 and gave the stock a “hold” rating in a report on Monday, November 10th. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $206.00 price objective (up from $177.00) on shares of The Ensign Group in a research report on Friday, November 14th. Weiss Ratings reissued a “buy (b)” rating on shares of The Ensign Group in a report on Wednesday, October 8th. Stephens upped their price target on The Ensign Group from $185.00 to $200.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 5th. Finally, UBS Group reiterated a “buy” rating and issued a $220.00 price objective (up from $205.00) on shares of The Ensign Group in a research report on Wednesday, November 5th. Five research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $196.40.

Read Our Latest Stock Analysis on ENSG

Institutional Trading of The Ensign Group

A number of institutional investors have recently modified their holdings of the business. Financial Management Professionals Inc. purchased a new position in The Ensign Group in the second quarter worth $28,000. Harbor Investment Advisory LLC grew its stake in shares of The Ensign Group by 125.6% during the 4th quarter. Harbor Investment Advisory LLC now owns 194 shares of the company’s stock worth $34,000 after purchasing an additional 108 shares during the period. Steward Partners Investment Advisory LLC increased its holdings in shares of The Ensign Group by 638.7% in the 2nd quarter. Steward Partners Investment Advisory LLC now owns 229 shares of the company’s stock valued at $35,000 after purchasing an additional 198 shares in the last quarter. Root Financial Partners LLC acquired a new stake in shares of The Ensign Group in the third quarter valued at about $35,000. Finally, Maseco LLP acquired a new stake in shares of The Ensign Group in the second quarter valued at about $36,000. 96.12% of the stock is currently owned by hedge funds and other institutional investors.

About The Ensign Group

(Get Free Report)

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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