The Ensign Group, Inc. (NASDAQ:ENSG) VP Beverly B. Wittekind sold 9,664 shares of the firm’s stock in a transaction on Monday, January 8th. The stock was sold at an average price of $23.60, for a total value of $228,070.40. Following the transaction, the vice president now owns 51,320 shares in the company, valued at $1,211,152. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.
The Ensign Group, Inc. (NASDAQ ENSG) opened at $23.92 on Friday. The Ensign Group, Inc. has a fifty-two week low of $16.50 and a fifty-two week high of $24.78. The stock has a market capitalization of $1,212.74, a price-to-earnings ratio of 20.08 and a beta of 0.83. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.53 and a quick ratio of 1.53.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 31st. Stockholders of record on Sunday, December 31st will be issued a $0.045 dividend. The ex-dividend date of this dividend is Thursday, December 28th. This is an increase from The Ensign Group’s previous quarterly dividend of $0.04. This represents a $0.18 dividend on an annualized basis and a dividend yield of 0.75%. The Ensign Group’s dividend payout ratio (DPR) is currently 20.00%.
Several large investors have recently made changes to their positions in the company. Public Employees Retirement System of Ohio increased its holdings in shares of The Ensign Group by 77.5% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 203,924 shares of the company’s stock valued at $4,607,000 after acquiring an additional 89,040 shares during the period. California Public Employees Retirement System purchased a new position in shares of The Ensign Group in the 3rd quarter valued at $463,000. Granahan Investment Management Inc. MA increased its holdings in shares of The Ensign Group by 28.4% in the 3rd quarter. Granahan Investment Management Inc. MA now owns 149,261 shares of the company’s stock valued at $3,372,000 after acquiring an additional 33,051 shares during the period. Oppenheimer Asset Management Inc. increased its holdings in shares of The Ensign Group by 30.2% in the 3rd quarter. Oppenheimer Asset Management Inc. now owns 9,754 shares of the company’s stock valued at $220,000 after acquiring an additional 2,260 shares during the period. Finally, Royce & Associates LP increased its holdings in shares of The Ensign Group by 5.0% in the 3rd quarter. Royce & Associates LP now owns 407,759 shares of the company’s stock valued at $9,211,000 after acquiring an additional 19,570 shares during the period. Institutional investors and hedge funds own 84.77% of the company’s stock.
ENSG has been the topic of several research reports. Royal Bank of Canada restated a “buy” rating and set a $21.00 price objective on shares of The Ensign Group in a report on Tuesday, November 7th. BidaskClub downgraded The Ensign Group from a “buy” rating to a “hold” rating in a report on Tuesday, December 5th. ValuEngine downgraded The Ensign Group from a “buy” rating to a “hold” rating in a report on Tuesday, November 14th. Finally, Cantor Fitzgerald lifted their price target on The Ensign Group from $23.00 to $27.00 and gave the company an “overweight” rating in a report on Thursday, November 9th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $26.67.
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The Ensign Group Company Profile
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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