Insider Selling: The Ensign Group, Inc. (ENSG) Director Sells 2,000 Shares of Stock

The Ensign Group, Inc. (NASDAQ:ENSG) Director John G. Nackel sold 2,000 shares of The Ensign Group stock in a transaction that occurred on Friday, February 9th. The stock was sold at an average price of $24.90, for a total value of $49,800.00. Following the completion of the transaction, the director now owns 99,232 shares of the company’s stock, valued at approximately $2,470,876.80. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

The Ensign Group, Inc. (NASDAQ ENSG) traded down $0.12 on Tuesday, reaching $25.68. The company had a trading volume of 315,516 shares, compared to its average volume of 234,914. The Ensign Group, Inc. has a one year low of $16.50 and a one year high of $26.07. The company has a current ratio of 1.63, a quick ratio of 1.63 and a debt-to-equity ratio of 0.61. The stock has a market cap of $1,308.23, a PE ratio of 33.95 and a beta of 0.81.

The Ensign Group (NASDAQ:ENSG) last posted its quarterly earnings data on Thursday, February 8th. The company reported $0.40 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.40. The Ensign Group had a return on equity of 13.87% and a net margin of 2.19%. The company had revenue of $487.70 million during the quarter, compared to analysts’ expectations of $457.91 million. During the same quarter in the previous year, the business earned $0.30 EPS. The Ensign Group’s revenue was up 12.6% compared to the same quarter last year. sell-side analysts anticipate that The Ensign Group, Inc. will post 1.48 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Wednesday, January 31st. Shareholders of record on Sunday, December 31st were given a dividend of $0.045 per share. The ex-dividend date was Thursday, December 28th. This is a positive change from The Ensign Group’s previous quarterly dividend of $0.04. This represents a $0.18 dividend on an annualized basis and a yield of 0.70%. The Ensign Group’s payout ratio is 23.68%.

ENSG has been the subject of a number of recent analyst reports. Stifel Nicolaus set a $22.00 price objective on The Ensign Group and gave the company a “hold” rating in a report on Friday. BidaskClub cut The Ensign Group from a “buy” rating to a “hold” rating in a report on Tuesday, December 5th. 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. SunTrust Banks set a $29.00 price objective on The Ensign Group and gave the company a “buy” rating in a report on Friday. Finally, Cantor Fitzgerald boosted their price objective 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, three have issued a hold rating and three have issued a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $26.25.

A number of hedge funds and other institutional investors have recently modified their holdings of ENSG. Eversept Partners LLC bought a new stake in The Ensign Group during the 4th quarter valued at $7,379,000. Russell Investments Group Ltd. raised its position in The Ensign Group by 59.1% during the 3rd quarter. Russell Investments Group Ltd. now owns 502,129 shares of the company’s stock valued at $11,342,000 after purchasing an additional 186,533 shares in the last quarter. Amundi Pioneer Asset Management Inc. bought a new stake in The Ensign Group during the 4th quarter valued at $3,951,000. LSV Asset Management raised its position in The Ensign Group by 20.7% during the 4th quarter. LSV Asset Management now owns 952,070 shares of the company’s stock valued at $21,135,000 after purchasing an additional 163,007 shares in the last quarter. Finally, BlackRock Inc. raised its position in The Ensign Group by 2.4% during the 4th quarter. BlackRock Inc. now owns 6,156,602 shares of the company’s stock valued at $136,676,000 after purchasing an additional 145,405 shares in the last quarter. 84.27% of the stock is owned by institutional investors and hedge funds.

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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.

Insider Buying and Selling by Quarter for The Ensign Group (NASDAQ:ENSG)

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