The Ensign Group, Inc. (ENSG) VP Beverly B. Wittekind Sells 9,664 Shares

The Ensign Group, Inc. (NASDAQ:ENSG) VP Beverly B. Wittekind sold 9,664 shares of the business’s stock in a transaction on Monday, January 8th. The shares were sold at an average price of $23.60, for a total transaction of $228,070.40. Following the transaction, the vice president now owns 51,320 shares in the company, valued at approximately $1,211,152. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

The Ensign Group, Inc. (NASDAQ ENSG) traded down $0.42 on Wednesday, reaching $22.76. 258,926 shares of the company’s stock traded hands, compared to its average volume of 304,586. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.53 and a current ratio of 1.53. The Ensign Group, Inc. has a 1 year low of $16.50 and a 1 year high of $24.78. The firm has a market capitalization of $1,219.40, a P/E ratio of 25.29 and a beta of 0.83.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 31st. Shareholders of record on Sunday, December 31st will be issued a dividend of $0.045 per share. This is an increase from The Ensign Group’s previous quarterly dividend of $0.04. The ex-dividend date of this dividend is Thursday, December 28th. This represents a $0.18 annualized dividend and a yield of 0.79%. The Ensign Group’s dividend payout ratio is presently 20.00%.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Pinebridge Investments L.P. raised its holdings in The Ensign Group by 0.6% during the second quarter. Pinebridge Investments L.P. now owns 6,280 shares of the company’s stock worth $137,000 after buying an additional 38 shares during the last quarter. UBS Asset Management Americas Inc. raised its holdings in The Ensign Group by 0.4% during the second quarter. UBS Asset Management Americas Inc. now owns 16,262 shares of the company’s stock worth $354,000 after buying an additional 62 shares during the last quarter. Alliancebernstein L.P. raised its holdings in The Ensign Group by 0.6% during the second quarter. Alliancebernstein L.P. now owns 66,938 shares of the company’s stock worth $1,457,000 after buying an additional 400 shares during the last quarter. Oppenheimer Asset Management Inc. raised its holdings in The Ensign Group by 7.5% during the second quarter. Oppenheimer Asset Management Inc. now owns 7,494 shares of the company’s stock worth $163,000 after buying an additional 526 shares during the last quarter. Finally, Victory Capital Management Inc. raised its holdings in The Ensign Group by 17.6% during the second quarter. Victory Capital Management Inc. now owns 7,156 shares of the company’s stock worth $156,000 after buying an additional 1,072 shares during the last quarter. Hedge funds and other institutional investors own 84.77% of the company’s stock.

Several research firms have weighed in on ENSG. Royal Bank of Canada upped their price objective on shares of The Ensign Group to $27.00 and gave the stock an “outperform” rating in a report on Monday, November 20th. ValuEngine downgraded shares of The Ensign Group from a “buy” rating to a “hold” rating in a report on Tuesday, November 14th. Cantor Fitzgerald upped their price objective on shares of The Ensign Group from $23.00 to $27.00 and gave the stock an “overweight” rating in a report on Thursday, November 9th. Finally, BidaskClub downgraded shares of The Ensign Group from a “buy” rating to a “hold” rating in a report on Tuesday, December 5th. Two analysts have rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $26.67.

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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.

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

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