The Ensign Group, Inc. (NASDAQ:ENSG) VP Chad Keetch sold 462 shares of The Ensign Group stock in a transaction dated Friday, July 28th. The stock was sold at an average price of $22.35, for a total value of $10,325.70. Following the completion of the sale, the vice president now directly owns 43,993 shares of the company’s stock, valued at approximately $983,243.55. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.
The Ensign Group, Inc. (NASDAQ ENSG) traded up 0.56% during mid-day trading on Friday, reaching $19.76. The company had a trading volume of 129,975 shares. The Ensign Group, Inc. has a 1-year low of $16.51 and a 1-year high of $23.35. The firm has a 50-day moving average of $21.60 and a 200 day moving average of $19.68. The company has a market capitalization of $1.01 billion, a PE ratio of 23.00 and a beta of 0.84.
The business also recently disclosed a quarterly dividend, which was paid on Monday, July 31st. Stockholders of record on Friday, June 30th were given a dividend of $0.0425 per share. This represents a $0.17 dividend on an annualized basis and a dividend yield of 0.86%. The ex-dividend date was Wednesday, June 28th. The Ensign Group’s dividend payout ratio is currently 20.24%.
Hedge funds have recently bought and sold shares of the company. BlackRock Inc. raised its stake in The Ensign Group by 132,060.3% in the first quarter. BlackRock Inc. now owns 5,931,353 shares of the company’s stock worth $111,509,000 after buying an additional 5,926,865 shares in the last quarter. Denver Investment Advisors LLC bought a new stake in The Ensign Group during the second quarter worth $24,027,000. Wellington Management Group LLP raised its stake in The Ensign Group by 102.3% in the first quarter. Wellington Management Group LLP now owns 2,103,251 shares of the company’s stock worth $39,542,000 after buying an additional 1,063,828 shares in the last quarter. Jupiter Asset Management Ltd. bought a new stake in The Ensign Group during the first quarter worth $5,160,000. Finally, Vanguard Group Inc. raised its stake in The Ensign Group by 5.9% in the first quarter. Vanguard Group Inc. now owns 4,373,518 shares of the company’s stock worth $82,222,000 after buying an additional 245,244 shares in the last quarter. 84.65% of the stock is currently owned by institutional investors and hedge funds.
Several research analysts have commented on ENSG shares. Wells Fargo & Company downgraded The Ensign Group from a “market perform” rating to an “underperform” rating in a research note on Friday, April 28th. BidaskClub upgraded The Ensign Group from a “buy” rating to a “strong-buy” rating in a research note on Saturday, June 17th. Zacks Investment Research upgraded The Ensign Group from a “sell” rating to a “hold” rating in a research report on Tuesday, June 6th. Finally, TheStreet upgraded The Ensign Group from a “c+” rating to a “b” rating in a research report on Monday. Three analysts have rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $22.00.
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.
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