Financial Management Professionals Inc. Makes New $28,000 Investment in The Ensign Group, Inc. $ENSG

Financial Management Professionals Inc. purchased a new stake in The Ensign Group, Inc. (NASDAQ:ENSG) during the second quarter, HoldingsChannel.com reports. The firm purchased 183 shares of the company’s stock, valued at approximately $28,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Northern Trust Corp increased its holdings in The Ensign Group by 0.4% in the first quarter. Northern Trust Corp now owns 941,274 shares of the company’s stock valued at $121,801,000 after purchasing an additional 3,344 shares during the last quarter. Van Berkom & Associates Inc. grew its position in shares of The Ensign Group by 14.1% during the 1st quarter. Van Berkom & Associates Inc. now owns 800,108 shares of the company’s stock worth $103,534,000 after buying an additional 99,147 shares during the period. Wellington Management Group LLP increased its stake in shares of The Ensign Group by 17.6% in the 1st quarter. Wellington Management Group LLP now owns 683,650 shares of the company’s stock valued at $88,464,000 after acquiring an additional 102,089 shares during the last quarter. American Century Companies Inc. raised its position in shares of The Ensign Group by 1,235.5% in the 1st quarter. American Century Companies Inc. now owns 468,575 shares of the company’s stock valued at $60,634,000 after acquiring an additional 433,489 shares during the period. Finally, Crow s Nest Holdings LP bought a new position in The Ensign Group during the 1st quarter worth approximately $56,936,000. 96.12% of the stock is currently owned by institutional investors.

Insider Activity

In related news, Director Barry M. Smith sold 700 shares of the stock in a transaction dated Tuesday, September 2nd. The stock was sold at an average price of $172.06, for a total transaction of $120,442.00. Following the completion of the transaction, the director directly owned 27,052 shares in the company, valued at approximately $4,654,567.12. This trade represents a 2.52% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Suzanne D. Snapper sold 8,379 shares of The Ensign Group stock in a transaction that occurred on Monday, July 7th. The shares were sold at an average price of $148.21, for a total value of $1,241,851.59. Following the completion of the sale, the chief financial officer directly owned 269,692 shares in the company, valued at approximately $39,971,051.32. This represents a 3.01% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 9,779 shares of company stock valued at $1,469,730 over the last ninety days. 3.90% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several equities research analysts have commented on ENSG shares. UBS Group upped their target price on shares of The Ensign Group from $195.00 to $205.00 and gave the company a “buy” rating in a research note on Tuesday, September 2nd. Stephens upped their price objective on shares of The Ensign Group from $165.00 to $170.00 and gave the company an “overweight” rating in a research report on Monday, July 28th. Finally, Truist Financial raised their price objective on The Ensign Group from $155.00 to $165.00 and gave the stock a “hold” rating in a research note on Monday, July 28th. Five investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $172.67.

The Ensign Group Stock Down 0.2%

The Ensign Group stock opened at $169.97 on Friday. The company has a 50 day moving average of $162.27 and a 200-day moving average of $147.03. The company has a quick ratio of 1.41, a current ratio of 1.41 and a debt-to-equity ratio of 0.07. The Ensign Group, Inc. has a twelve month low of $118.73 and a twelve month high of $174.98. The stock has a market capitalization of $9.81 billion, a PE ratio of 30.85, a price-to-earnings-growth ratio of 1.95 and a beta of 0.93.

The Ensign Group (NASDAQ:ENSG) last issued its quarterly earnings data on Thursday, July 24th. The company reported $1.59 EPS for the quarter, topping analysts’ consensus estimates of $1.54 by $0.05. The business had revenue of $1.23 billion for the quarter, compared to analyst estimates of $1.22 billion. The Ensign Group had a net margin of 6.99% and a return on equity of 16.92%. The firm’s quarterly revenue was up 18.5% on a year-over-year basis. During the same period last year, the business posted $1.32 earnings per share. The Ensign Group has set its FY 2025 guidance at 6.340-6.460 EPS. On average, equities research analysts anticipate that The Ensign Group, Inc. will post 5.59 EPS for the current fiscal year.

The Ensign Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 31st. Stockholders of record on Tuesday, September 30th will be given a dividend of $0.0625 per share. This represents a $0.25 annualized dividend and a dividend yield of 0.1%. The ex-dividend date of this dividend is Tuesday, September 30th. The Ensign Group’s dividend payout ratio is currently 4.54%.

About The Ensign Group

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.