Lenox Wealth Management Inc. Invests $601,000 in The Ensign Group, Inc. (ENSG)
Lenox Wealth Management Inc. acquired a new stake in shares of The Ensign Group, Inc. (NASDAQ:ENSG) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 27,534 shares of the company’s stock, valued at approximately $601,000. Lenox Wealth Management Inc. owned about 0.05% of The Ensign Group as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds and other institutional investors also recently modified their holdings of ENSG. Riverhead Capital Management LLC boosted its stake in The Ensign Group by 86.6% during the 2nd quarter. Riverhead Capital Management LLC now owns 4,664 shares of the company’s stock valued at $102,000 after purchasing an additional 2,164 shares during the period. Victory Capital Management Inc. boosted its stake in The Ensign Group by 36.8% during the 1st quarter. Victory Capital Management Inc. now owns 6,084 shares of the company’s stock valued at $114,000 after purchasing an additional 1,638 shares during the period. UBS Group AG boosted its stake in The Ensign Group by 93.9% during the 1st quarter. UBS Group AG now owns 6,986 shares of the company’s stock valued at $131,000 after purchasing an additional 3,383 shares during the period. Oppenheimer Asset Management Inc. bought a new stake in The Ensign Group during the 1st quarter valued at approximately $131,000. Finally, Pinebridge Investments L.P. boosted its stake in The Ensign Group by 0.6% during the 2nd quarter. Pinebridge Investments L.P. now owns 6,280 shares of the company’s stock valued at $137,000 after purchasing an additional 38 shares during the period. 84.20% of the stock is currently owned by institutional investors and hedge funds.
Several analysts recently weighed in on the company. TheStreet upgraded The Ensign Group from a “c+” rating to a “b” rating in a research note on Monday, August 7th. Zacks Investment Research downgraded The Ensign Group from a “hold” rating to a “sell” rating in a research note on Tuesday, August 8th. Finally, BidaskClub downgraded The Ensign Group from a “buy” rating to a “hold” rating in a research note on Sunday, August 6th. Three research analysts have rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the stock. The Ensign Group has a consensus rating of “Hold” and a consensus target price of $22.00.
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Shares of The Ensign Group, Inc. (NASDAQ:ENSG) traded up 1.09% during mid-day trading on Thursday, reaching $23.27. The company had a trading volume of 19,247 shares. The Ensign Group, Inc. has a 12 month low of $16.51 and a 12 month high of $23.69. The company has a market capitalization of $1.18 billion, a price-to-earnings ratio of 27.09 and a beta of 0.87. The firm’s 50-day moving average is $20.81 and its 200 day moving average is $20.16.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 31st. Shareholders of record on Saturday, September 30th will be given a dividend of $0.043 per share. This represents a $0.17 dividend on an annualized basis and a yield of 0.75%. The ex-dividend date of this dividend is Thursday, September 28th. The Ensign Group’s dividend payout ratio (DPR) is presently 20.24%.
In other news, Director Antoinette T. Hubenette sold 2,500 shares of the business’s stock in a transaction that occurred on Tuesday, September 12th. The stock was sold at an average price of $20.95, for a total transaction of $52,375.00. Following the completion of the sale, the director now owns 24,626 shares in the company, valued at $515,914.70. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, VP Barry Port sold 10,000 shares of the business’s stock in a transaction that occurred on Monday, July 24th. The stock was sold at an average price of $23.00, for a total value of $230,000.00. Following the sale, the vice president now owns 135,642 shares of the company’s stock, valued at approximately $3,119,766. The disclosure for this sale can be found here. In the last three months, insiders have sold 14,576 shares of company stock worth $327,373. Company insiders own 6.20% of the company’s stock.
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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