Dynamic Technology Lab Private Ltd Sells 2,094 Shares of The Ensign Group, Inc. (NASDAQ:ENSG)

Dynamic Technology Lab Private Ltd lessened its stake in shares of The Ensign Group, Inc. (NASDAQ:ENSG) by 18.7% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 9,107 shares of the company’s stock after selling 2,094 shares during the period. Dynamic Technology Lab Private Ltd’s holdings in The Ensign Group were worth $1,210,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Retirement Wealth Solutions LLC bought a new stake in shares of The Ensign Group during the 4th quarter worth approximately $25,000. Avior Wealth Management LLC raised its position in The Ensign Group by 190.1% during the fourth quarter. Avior Wealth Management LLC now owns 206 shares of the company’s stock worth $27,000 after acquiring an additional 135 shares in the last quarter. Venturi Wealth Management LLC lifted its stake in The Ensign Group by 150.6% in the fourth quarter. Venturi Wealth Management LLC now owns 208 shares of the company’s stock valued at $28,000 after acquiring an additional 125 shares during the last quarter. CBIZ Investment Advisory Services LLC grew its position in shares of The Ensign Group by 38.8% in the 4th quarter. CBIZ Investment Advisory Services LLC now owns 354 shares of the company’s stock valued at $47,000 after acquiring an additional 99 shares during the period. Finally, Asset Planning Inc acquired a new position in shares of The Ensign Group during the 4th quarter worth about $80,000. 96.12% of the stock is owned by institutional investors and hedge funds.

The Ensign Group Stock Performance

ENSG opened at $129.33 on Friday. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.56 and a quick ratio of 1.56. The company has a market capitalization of $7.43 billion, a PE ratio of 25.31, a price-to-earnings-growth ratio of 1.52 and a beta of 0.91. The business has a fifty day simple moving average of $131.63 and a 200 day simple moving average of $139.33. The Ensign Group, Inc. has a 1 year low of $113.27 and a 1 year high of $158.45.

The Ensign Group (NASDAQ:ENSG) last released its quarterly earnings results on Wednesday, February 5th. The company reported $1.36 EPS for the quarter, missing the consensus estimate of $1.47 by ($0.11). The Ensign Group had a net margin of 6.99% and a return on equity of 17.07%. Research analysts expect that The Ensign Group, Inc. will post 5.59 EPS for the current year.

The Ensign Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Monday, March 31st will be issued a dividend of $0.0625 per share. The ex-dividend date is Monday, March 31st. This represents a $0.25 annualized dividend and a dividend yield of 0.19%. The Ensign Group’s dividend payout ratio is presently 4.89%.

Insider Activity

In related news, Director Daren Shaw sold 2,000 shares of the company’s stock in a transaction dated Friday, February 14th. The shares were sold at an average price of $129.66, for a total transaction of $259,320.00. Following the completion of the sale, the director now owns 26,325 shares of the company’s stock, valued at $3,413,299.50. This represents a 7.06 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Chairman Christopher R. Christensen sold 39,086 shares of the firm’s stock in a transaction dated Wednesday, February 5th. The shares were sold at an average price of $148.52, for a total transaction of $5,805,052.72. Following the completion of the transaction, the chairman now directly owns 12,539 shares in the company, valued at approximately $1,862,292.28. This represents a 75.71 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 42,486 shares of company stock worth $6,251,714. Corporate insiders own 3.90% of the company’s stock.

Analyst Upgrades and Downgrades

ENSG has been the subject of several recent analyst reports. Stephens reiterated an “overweight” rating and issued a $155.00 target price on shares of The Ensign Group in a research note on Thursday, February 6th. Truist Financial decreased their target price on The Ensign Group from $170.00 to $155.00 and set a “hold” rating on the stock in a report on Monday, January 6th. Finally, Macquarie raised their price target on The Ensign Group from $165.00 to $166.00 and gave the company an “outperform” rating in a report on Tuesday, February 4th. One analyst has rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat, The Ensign Group presently has an average rating of “Moderate Buy” and an average target price of $165.17.

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.