The Ensign Group, Inc. (NASDAQ:ENSG) Shares Acquired by DeDora Capital Inc.

DeDora Capital Inc. boosted its stake in The Ensign Group, Inc. (NASDAQ:ENSG) by 22.9% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,679 shares of the company’s stock after acquiring an additional 1,244 shares during the period. DeDora Capital Inc.’s holdings in The Ensign Group were worth $831,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in ENSG. Carmel Capital Partners LLC bought a new position in The Ensign Group during the third quarter worth $30,000. Scarborough Advisors LLC acquired a new position in shares of The Ensign Group in the 4th quarter valued at about $35,000. Global Retirement Partners LLC grew its position in shares of The Ensign Group by 43.3% during the 4th quarter. Global Retirement Partners LLC now owns 470 shares of the company’s stock valued at $55,000 after buying an additional 142 shares during the last quarter. Assetmark Inc. grew its position in shares of The Ensign Group by 1,126.8% during the 4th quarter. Assetmark Inc. now owns 503 shares of the company’s stock valued at $56,000 after buying an additional 462 shares during the last quarter. Finally, SRS Capital Advisors Inc. lifted its holdings in The Ensign Group by 333.1% in the fourth quarter. SRS Capital Advisors Inc. now owns 576 shares of the company’s stock worth $65,000 after acquiring an additional 443 shares during the last quarter. 96.12% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

ENSG has been the topic of a number of research reports. Oppenheimer increased their price target on The Ensign Group from $127.00 to $130.00 and gave the stock an “outperform” rating in a research report on Friday, February 2nd. Royal Bank of Canada boosted their price target on shares of The Ensign Group from $112.00 to $133.00 and gave the company an “outperform” rating in a report on Tuesday, February 6th. Finally, Stephens reaffirmed an “overweight” rating and issued a $135.00 price objective on shares of The Ensign Group in a report on Tuesday, April 23rd. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $123.60.

The Ensign Group Stock Performance

Shares of ENSG traded up $0.34 during trading hours on Friday, reaching $116.89. 539,828 shares of the company’s stock traded hands, compared to its average volume of 294,248. The Ensign Group, Inc. has a twelve month low of $87.14 and a twelve month high of $127.57. The business’s fifty day simple moving average is $121.36 and its two-hundred day simple moving average is $114.39. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.53 and a quick ratio of 1.42. The firm has a market capitalization of $6.65 billion, a price-to-earnings ratio of 30.76, a P/E/G ratio of 1.56 and a beta of 0.95.

The Ensign Group (NASDAQ:ENSG) last released its earnings results on Thursday, February 1st. The company reported $1.17 EPS for the quarter, meeting the consensus estimate of $1.17. The firm had revenue of $980.38 million for the quarter, compared to analysts’ expectations of $975.13 million. The Ensign Group had a net margin of 5.67% and a return on equity of 17.60%. Analysts predict that The Ensign Group, Inc. will post 4.97 earnings per share for the current year.

The Ensign Group Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 30th. Investors of record on Sunday, March 31st were issued a dividend of $0.06 per share. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $0.24 annualized dividend and a yield of 0.21%. The Ensign Group’s payout ratio is 6.32%.

Insiders Place Their Bets

In related news, Director Daren Shaw sold 4,463 shares of The Ensign Group stock in a transaction dated Monday, April 15th. The stock was sold at an average price of $118.96, for a total transaction of $530,918.48. Following the transaction, the director now directly owns 32,250 shares of the company’s stock, valued at $3,836,460. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. In other The Ensign Group news, Director Daren Shaw sold 4,463 shares of The Ensign Group stock in a transaction that occurred on Monday, April 15th. The shares were sold at an average price of $118.96, for a total value of $530,918.48. Following the transaction, the director now owns 32,250 shares in the company, valued at $3,836,460. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, VP Beverly B. Wittekind sold 10,000 shares of the firm’s stock in a transaction on Thursday, March 14th. The stock was sold at an average price of $121.65, for a total value of $1,216,500.00. Following the sale, the vice president now directly owns 37,912 shares of the company’s stock, valued at $4,611,994.80. The disclosure for this sale can be found here. Insiders sold 89,245 shares of company stock worth $10,579,862 over the last ninety days. Company insiders own 3.90% of the company’s stock.

About The Ensign Group

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.