Insider Selling: The Ensign Group, Inc. (ENSG) Director Sells 5,000 Shares of Stock

The Ensign Group, Inc. (NASDAQ:ENSG) Director John G. Nackel sold 5,000 shares of the stock in a transaction on Monday, February 12th. The stock was sold at an average price of $25.50, for a total value of $127,500.00. Following the completion of the transaction, the director now owns 99,232 shares in the company, valued at $2,530,416. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.

Shares of The Ensign Group, Inc. (NASDAQ:ENSG) traded down $0.12 during trading hours on Tuesday, reaching $25.68. The company’s stock had a trading volume of 315,516 shares, compared to its average volume of 234,914. The company has a market cap of $1,308.23, a PE ratio of 33.95 and a beta of 0.81. The Ensign Group, Inc. has a fifty-two week low of $16.50 and a fifty-two week 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 Ensign Group (NASDAQ:ENSG) last released its earnings results on Thursday, February 8th. The company reported $0.40 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.40. The company had revenue of $487.70 million for the quarter, compared to analysts’ expectations of $457.91 million. The Ensign Group had a return on equity of 13.87% and a net margin of 2.19%. The business’s revenue for the quarter was up 12.6% compared to the same quarter last year. During the same period in the previous year, the business posted $0.30 EPS. equities research analysts forecast that The Ensign Group, Inc. will post 1.48 earnings per share for the current year.

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

ENSG has been the topic of several recent analyst reports. Royal Bank of Canada raised their price objective on The Ensign Group to $27.00 and gave the company an “outperform” rating in a research note on Monday, November 20th. ValuEngine cut The Ensign Group from a “buy” rating to a “hold” rating in a research note on Tuesday, November 14th. BidaskClub cut The Ensign Group from a “buy” rating to a “hold” rating in a research note on Tuesday, December 5th. Cantor Fitzgerald raised their price objective on The Ensign Group from $23.00 to $27.00 and gave the company an “overweight” rating in a research note on Thursday, November 9th. Finally, SunTrust Banks set a $29.00 price objective on The Ensign Group and gave the company a “buy” rating in a research note on Friday. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $26.25.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in ENSG. SG Americas Securities LLC bought a new stake in shares of The Ensign Group during the 3rd quarter worth $104,000. Strs Ohio bought a new stake in shares of The Ensign Group during the 4th quarter worth $142,000. Crossmark Global Holdings Inc. bought a new stake in shares of The Ensign Group during the 3rd quarter worth $220,000. Oppenheimer Asset Management Inc. raised its stake in shares of The Ensign Group by 30.2% during the 3rd quarter. Oppenheimer Asset Management Inc. now owns 9,754 shares of the company’s stock worth $220,000 after purchasing an additional 2,260 shares during the period. Finally, Piedmont Investment Advisors LLC bought a new stake in shares of The Ensign Group during the 2nd quarter worth $224,000. Institutional investors own 84.27% of the company’s stock.

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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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