Ann Scott Blouin Sells 350 Shares of The Ensign Group, Inc. (NASDAQ:ENSG) Stock

The Ensign Group, Inc. (NASDAQ:ENSG) Director Ann Scott Blouin sold 350 shares of The Ensign Group stock in a transaction that occurred on Tuesday, May 7th. The shares were sold at an average price of $116.47, for a total transaction of $40,764.50. Following the transaction, the director now owns 20,002 shares of the company’s stock, valued at $2,329,632.94. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

The Ensign Group Stock Up 0.7 %

ENSG stock traded up $0.88 during trading on Friday, hitting $118.58. 30,643 shares of the company’s stock traded hands, compared to its average volume of 271,429. The firm has a market capitalization of $6.75 billion, a P/E ratio of 30.97, a PEG ratio of 1.57 and a beta of 0.95. The Ensign Group, Inc. has a 1 year low of $87.14 and a 1 year high of $127.57. The company has a quick ratio of 1.53, a current ratio of 1.53 and a debt-to-equity ratio of 0.09. The business has a fifty day simple moving average of $120.77 and a two-hundred day simple moving average of $114.83.

The Ensign Group Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 30th. Investors of record on Sunday, March 31st were issued a $0.06 dividend. The ex-dividend date was Wednesday, March 27th. This represents a $0.24 annualized dividend and a yield of 0.20%. The Ensign Group’s dividend payout ratio (DPR) is presently 6.32%.

Wall Street Analyst Weigh In

A number of research firms have recently commented on ENSG. Stephens reiterated an “overweight” rating and set a $135.00 price target on shares of The Ensign Group in a report on Tuesday, April 23rd. Royal Bank of Canada upped their target price on shares of The Ensign Group from $112.00 to $133.00 and gave the stock an “outperform” rating in a report on Tuesday, February 6th. Finally, Oppenheimer upped their target price on shares of The Ensign Group from $130.00 to $135.00 and gave the stock an “outperform” rating in a research report on Monday. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, The Ensign Group currently has a consensus rating of “Moderate Buy” and an average target price of $124.60.

Institutional Trading of The Ensign Group

Hedge funds have recently modified their holdings of the stock. Carmel Capital Partners LLC acquired 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 during the 4th quarter worth about $35,000. YHB Investment Advisors Inc. purchased a new position in The Ensign Group in the 1st quarter valued at about $50,000. Global Retirement Partners LLC boosted its holdings in The Ensign Group by 43.3% in the 4th quarter. Global Retirement Partners LLC now owns 470 shares of the company’s stock worth $55,000 after buying an additional 142 shares during the last quarter. Finally, Assetmark Inc. boosted its holdings in The Ensign Group by 1,126.8% in the 4th quarter. Assetmark Inc. now owns 503 shares of the company’s stock worth $56,000 after buying an additional 462 shares during the last quarter. Hedge funds and other institutional investors own 96.12% of the company’s stock.

The Ensign Group Company Profile

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.