Forum Financial Management LP Purchases Shares of 1,440 The Ensign Group, Inc. (NASDAQ:ENSG)

Forum Financial Management LP acquired a new position in The Ensign Group, Inc. (NASDAQ:ENSG) in the third quarter, HoldingsChannel reports. The firm acquired 1,440 shares of the company’s stock, valued at approximately $207,000.

A number of other institutional investors also recently made changes to their positions in ENSG. Entropy Technologies LP bought a new stake in The Ensign Group in the first quarter worth $792,000. Harbor Capital Advisors Inc. boosted its holdings in The Ensign Group by 294.7% during the 2nd quarter. Harbor Capital Advisors Inc. now owns 9,726 shares of the company’s stock valued at $1,203,000 after acquiring an additional 7,262 shares during the period. CANADA LIFE ASSURANCE Co grew its position in The Ensign Group by 14.4% during the 1st quarter. CANADA LIFE ASSURANCE Co now owns 52,221 shares of the company’s stock worth $6,486,000 after acquiring an additional 6,583 shares during the last quarter. Renaissance Technologies LLC purchased a new position in The Ensign Group in the 2nd quarter worth approximately $3,500,000. Finally, Quantbot Technologies LP bought a new stake in The Ensign Group in the first quarter valued at approximately $1,599,000. Hedge funds and other institutional investors own 96.12% of the company’s stock.

Wall Street Analyst Weigh In

ENSG has been the topic of several recent analyst reports. Oppenheimer raised their target price on shares of The Ensign Group from $165.00 to $168.00 and gave the stock an “outperform” rating in a report on Friday, October 25th. Truist Financial raised their price target on shares of The Ensign Group from $160.00 to $170.00 and gave the stock a “hold” rating in a report on Monday, October 28th. Stephens upped their price objective on shares of The Ensign Group from $163.00 to $167.00 and gave the company an “overweight” rating in a research note on Monday, October 28th. Finally, Royal Bank of Canada raised their target price on The Ensign Group from $167.00 to $172.00 and gave the stock an “outperform” rating in a research note on Monday, October 28th. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, The Ensign Group has an average rating of “Moderate Buy” and a consensus price target of $162.20.

Insider Buying and Selling at The Ensign Group

In related news, CEO Barry Port sold 3,500 shares of the stock in a transaction dated Thursday, August 22nd. The shares were sold at an average price of $145.00, for a total value of $507,500.00. Following the completion of the transaction, the chief executive officer now directly owns 53,716 shares in the company, valued at $7,788,820. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, CEO Barry Port sold 3,500 shares of the business’s stock in a transaction that occurred on Thursday, August 22nd. The stock was sold at an average price of $145.00, for a total value of $507,500.00. Following the sale, the chief executive officer now directly owns 53,716 shares of the company’s stock, valued at $7,788,820. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Daren Shaw sold 2,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $141.71, for a total value of $283,420.00. Following the transaction, the director now directly owns 29,125 shares of the company’s stock, valued at approximately $4,127,303.75. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 13,118 shares of company stock valued at $1,943,620. 3.90% of the stock is currently owned by company insiders.

The Ensign Group Stock Down 0.0 %

Shares of The Ensign Group stock opened at $153.37 on Wednesday. The Ensign Group, Inc. has a 12-month low of $101.03 and a 12-month high of $158.22. The company has a current ratio of 1.56, a quick ratio of 1.56 and a debt-to-equity ratio of 0.08. The company’s fifty day simple moving average is $149.82 and its two-hundred day simple moving average is $135.49. The company has a market cap of $8.79 billion, a P/E ratio of 37.14, a PEG ratio of 2.06 and a beta of 0.95.

The Ensign Group (NASDAQ:ENSG) last posted its quarterly earnings data on Thursday, October 24th. The company reported $1.39 earnings per share for the quarter, beating the consensus estimate of $1.38 by $0.01. The Ensign Group had a return on equity of 17.21% and a net margin of 5.84%. The business had revenue of $1.08 billion for the quarter, compared to analysts’ expectations of $1.07 billion. During the same period in the previous year, the firm posted $1.10 EPS. The business’s revenue was up 15.0% on a year-over-year basis. Research analysts anticipate that The Ensign Group, Inc. will post 4.99 EPS for the current year.

The Ensign Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 31st. Shareholders of record on Monday, September 30th were issued a $0.06 dividend. The ex-dividend date of this dividend was Monday, September 30th. This represents a $0.24 dividend on an annualized basis and a yield of 0.16%. The Ensign Group’s dividend payout ratio (DPR) is 5.81%.

The Ensign Group 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.