Ameriprise Financial Inc. lifted its position in The Ensign Group, Inc. (NASDAQ:ENSG) by 68.3% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 463,244 shares of the company’s stock after purchasing an additional 187,941 shares during the period. Ameriprise Financial Inc. owned about 0.91% of The Ensign Group worth $10,085,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Riverhead Capital Management LLC raised its position in The Ensign Group by 86.6% during the second quarter. Riverhead Capital Management LLC now owns 4,664 shares of the company’s stock worth $102,000 after acquiring an additional 2,164 shares during the period. Victory Capital Management Inc. raised its position in The Ensign Group by 36.8% during the first quarter. Victory Capital Management Inc. now owns 6,084 shares of the company’s stock worth $114,000 after acquiring an additional 1,638 shares during the period. UBS Group AG raised its position in The Ensign Group by 93.9% during the first quarter. UBS Group AG now owns 6,986 shares of the company’s stock worth $131,000 after acquiring an additional 3,383 shares during the period. Oppenheimer Asset Management Inc. acquired a new position in The Ensign Group during the first quarter worth $131,000. Finally, State of Alaska Department of Revenue raised its position in The Ensign Group by 77.6% during the second quarter. State of Alaska Department of Revenue now owns 9,377 shares of the company’s stock worth $204,000 after acquiring an additional 4,097 shares during the period. Hedge funds and other institutional investors own 84.20% of the company’s stock.
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In other The Ensign Group news, VP Barry Port sold 10,000 shares of the firm’s stock in a transaction on Monday, July 24th. The stock was sold at an average price of $23.00, for a total value of $230,000.00. Following the completion of the sale, the vice president now owns 135,642 shares of the company’s stock, valued at $3,119,766. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Antoinette T. Hubenette sold 2,500 shares of the firm’s stock in a transaction on Tuesday, September 12th. The shares were sold at an average price of $20.95, for a total value of $52,375.00. Following the completion of the sale, the director now directly owns 24,626 shares of the company’s stock, valued at approximately $515,914.70. The disclosure for this sale can be found here. In the last three months, insiders sold 14,576 shares of company stock valued at $327,373. 6.20% of the stock is owned by corporate insiders.
A number of equities analysts have weighed in on ENSG shares. Zacks Investment Research cut shares of The Ensign Group from a “hold” rating to a “sell” rating in a research report on Tuesday, July 4th. TheStreet upgraded shares of The Ensign Group from a “c+” rating to a “b” rating in a research report on Monday, August 7th. Finally, BidaskClub cut shares of The Ensign Group from a “buy” rating to a “hold” rating in a research report on Sunday, August 6th. Three analysts have rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $22.00.
The Ensign Group, Inc. (NASDAQ ENSG) opened at 21.54 on Friday. The firm has a market capitalization of $1.10 billion, a PE ratio of 25.08 and a beta of 0.87. The firm’s 50-day moving average is $21.21 and its 200-day moving average is $20.31. The Ensign Group, Inc. has a 52-week low of $16.50 and a 52-week high of $23.69.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 31st. Shareholders of record on Saturday, September 30th will be issued a $0.043 dividend. This represents a $0.17 dividend on an annualized basis and a yield of 0.80%. The ex-dividend date of this dividend is Thursday, September 28th. The Ensign Group’s dividend payout ratio (DPR) is currently 20.24%.
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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