The Ensign Group, Inc. (NASDAQ:ENSG) Director Sells $40,764.50 in Stock

The Ensign Group, Inc. (NASDAQ:ENSG) Director Ann Scott Blouin sold 350 shares of the stock in a transaction dated Tuesday, May 7th. The stock was sold at an average price of $116.47, for a total value of $40,764.50. Following the sale, the director now directly owns 20,002 shares in the company, valued at $2,329,632.94. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.

The Ensign Group Price Performance

Shares of The Ensign Group stock traded up $1.61 on Thursday, reaching $117.70. The company’s stock had a trading volume of 218,825 shares, compared to its average volume of 274,187. The Ensign Group, Inc. has a 52-week low of $87.14 and a 52-week high of $127.57. The company has a market capitalization of $6.70 billion, a P/E ratio of 30.97, a PEG ratio of 1.57 and a beta of 0.95. The company has a quick ratio of 1.53, a current ratio of 1.53 and a debt-to-equity ratio of 0.09. The stock has a 50-day moving average price of $120.77 and a 200-day moving average price of $114.83.

The Ensign Group Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 30th. Shareholders of record on Sunday, March 31st were given a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a yield of 0.20%. The ex-dividend date of this dividend was Wednesday, March 27th. The Ensign Group’s dividend payout ratio is presently 6.32%.

Institutional Trading of The Ensign Group

Several institutional investors have recently modified their holdings of ENSG. Baron Wealth Management LLC lifted its stake in The Ensign Group by 4.5% in the 4th quarter. Baron Wealth Management LLC now owns 2,314 shares of the company’s stock valued at $260,000 after buying an additional 100 shares in the last quarter. Prime Capital Investment Advisors LLC boosted its stake in shares of The Ensign Group by 1.8% in the fourth quarter. Prime Capital Investment Advisors LLC now owns 5,838 shares of the company’s stock worth $655,000 after acquiring an additional 102 shares during the last quarter. Knights of Columbus Asset Advisors LLC increased its position in shares of The Ensign Group by 8.5% during the fourth quarter. Knights of Columbus Asset Advisors LLC now owns 1,353 shares of the company’s stock worth $152,000 after purchasing an additional 106 shares in the last quarter. Davidson Capital Management Inc. raised its stake in The Ensign Group by 0.5% in the 1st quarter. Davidson Capital Management Inc. now owns 21,545 shares of the company’s stock valued at $2,681,000 after purchasing an additional 109 shares during the last quarter. Finally, Janney Montgomery Scott LLC lifted its holdings in The Ensign Group by 1.0% in the 4th quarter. Janney Montgomery Scott LLC now owns 10,945 shares of the company’s stock valued at $1,228,000 after purchasing an additional 110 shares in the last quarter. Institutional investors and hedge funds own 96.12% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently commented on the company. Royal Bank of Canada raised their target price on The Ensign Group from $112.00 to $133.00 and gave the stock an “outperform” rating in a report on Tuesday, February 6th. Oppenheimer lifted their target price on shares of The Ensign Group from $130.00 to $135.00 and gave the company an “outperform” rating in a report on Monday. Finally, Stephens reissued an “overweight” rating and set a $135.00 price target on shares of The Ensign Group in a report on Tuesday, April 23rd. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, The Ensign Group presently has an average rating of “Moderate Buy” and an average price target of $124.60.

The Ensign Group Company Profile

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.