Insider Selling: The Ensign Group, Inc. (ENSG) VP Sells 3,884 Shares of Stock

The Ensign Group, Inc. (NASDAQ:ENSG) VP Barry Port sold 3,884 shares of The Ensign Group stock in a transaction dated Thursday, March 16th. The shares were sold at an average price of $18.13, for a total transaction of $70,416.92. Following the completion of the sale, the vice president now owns 122,442 shares in the company, valued at approximately $2,219,873.46. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

The Ensign Group, Inc. (NASDAQ:ENSG) traded up 1.31% during trading on Monday, hitting $18.62. 241,587 shares of the stock traded hands. The company’s 50 day moving average price is $18.87 and its 200-day moving average price is $20.25. The stock has a market cap of $947.72 million, a P/E ratio of 19.40 and a beta of 0.95. The Ensign Group, Inc. has a 52-week low of $16.76 and a 52-week high of $23.86.

The Ensign Group (NASDAQ:ENSG) last issued its quarterly earnings results on Wednesday, February 8th. The company reported $0.30 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.37 by $0.07. The business had revenue of $433.05 million for the quarter, compared to analyst estimates of $436.14 million. The Ensign Group had a return on equity of 13.94% and a net margin of 3.02%. The firm’s revenue for the quarter was up 16.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.35 EPS. Equities research analysts forecast that The Ensign Group, Inc. will post $1.50 earnings per share for the current fiscal year.

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

The firm also recently declared a quarterly dividend, which will be paid on Sunday, April 30th. Investors of record on Friday, March 31st will be paid a dividend of $0.0425 per share. This represents a $0.17 dividend on an annualized basis and a yield of 0.91%. The ex-dividend date of this dividend is Wednesday, March 29th. The Ensign Group’s dividend payout ratio is currently 17.71%.

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Hedge funds have recently modified their holdings of the company. Arizona State Retirement System boosted its stake in shares of The Ensign Group by 0.8% in the third quarter. Arizona State Retirement System now owns 24,496 shares of the company’s stock worth $493,000 after buying an additional 200 shares in the last quarter. Louisiana State Employees Retirement System boosted its stake in shares of The Ensign Group by 1.4% in the third quarter. Louisiana State Employees Retirement System now owns 21,000 shares of the company’s stock worth $423,000 after buying an additional 300 shares in the last quarter. Teachers Retirement System of The State of Kentucky boosted its stake in The Ensign Group by 1.6% in the fourth quarter. Teachers Retirement System of The State of Kentucky now owns 18,500 shares of the company’s stock valued at $411,000 after buying an additional 300 shares during the period. Texas Permanent School Fund boosted its stake in The Ensign Group by 1.2% in the third quarter. Texas Permanent School Fund now owns 36,149 shares of the company’s stock valued at $728,000 after buying an additional 421 shares during the period. Finally, Bard Associates Inc. boosted its stake in The Ensign Group by 0.5% in the fourth quarter. Bard Associates Inc. now owns 134,620 shares of the company’s stock valued at $2,990,000 after buying an additional 730 shares during the period. Hedge funds and other institutional investors own 87.18% of the company’s stock.

Several analysts have recently issued reports on ENSG shares. TheStreet lowered shares of The Ensign Group from a “b” rating to a “c+” rating in a research report on Wednesday, January 25th. Cantor Fitzgerald reiterated a “buy” rating on shares of The Ensign Group in a research report on Thursday, December 15th. Zacks Investment Research upgraded shares of The Ensign Group from a “sell” rating to a “hold” rating in a research report on Wednesday, December 7th. Oppenheimer Holdings Inc. reiterated an “outperform” rating and issued a $26.00 target price (down previously from $29.00) on shares of The Ensign Group in a research report on Friday, February 10th. Finally, Royal Bank of Canada reiterated a “buy” rating on shares of The Ensign Group in a research report on Friday, February 10th. Two research analysts have rated the stock with a sell rating, one has issued a hold rating and four have assigned a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $23.33.

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.

5 Day Chart for NASDAQ:ENSG

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