Paradigm Capital Management Inc. NY reduced its stake in The Ensign Group, Inc. (NASDAQ:ENSG) by 77.2% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 22,500 shares of the company’s stock after selling 76,100 shares during the period. Paradigm Capital Management Inc. NY’s holdings in The Ensign Group were worth $423,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also bought and sold shares of ENSG. Nisa Investment Advisors LLC raised its position in The Ensign Group by 52.2% in the first quarter. Nisa Investment Advisors LLC now owns 7,000 shares of the company’s stock valued at $132,000 after buying an additional 2,400 shares during the period. Tudor Investment Corp Et Al acquired a new position in The Ensign Group during the fourth quarter valued at about $222,000. Numeric Investors LLC acquired a new position in The Ensign Group during the fourth quarter valued at about $253,000. Karp Capital Management Corp acquired a new position in The Ensign Group during the first quarter valued at about $229,000. Finally, Silvercrest Asset Management Group LLC acquired a new position in The Ensign Group during the fourth quarter valued at about $277,000. 87.18% of the stock is owned by hedge funds and other institutional investors.
The Ensign Group, Inc. (NASDAQ:ENSG) traded down 0.05% during mid-day trading on Friday, hitting $18.63. 244,578 shares of the stock traded hands. The Ensign Group, Inc. has a 52 week low of $16.50 and a 52 week high of $23.18. The firm has a market cap of $944.58 million, a P/E ratio of 22.47 and a beta of 0.95. The firm’s 50-day moving average price is $18.91 and its 200-day moving average price is $19.86.
The Ensign Group (NASDAQ:ENSG) last posted its quarterly earnings data on Monday, May 1st. The company reported $0.34 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.33 by $0.01. The firm had revenue of $441.74 million during the quarter, compared to the consensus estimate of $435.72 million. The Ensign Group had a net margin of 3.02% and a return on equity of 13.94%. On average, equities analysts forecast that The Ensign Group, Inc. will post $1.48 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Sunday, April 30th. Stockholders of record on Friday, March 31st were issued a dividend of $0.0425 per share. This represents a $0.17 dividend on an annualized basis and a dividend yield of 0.91%. The ex-dividend date of this dividend was Wednesday, March 29th. The Ensign Group’s dividend payout ratio (DPR) is presently 17.71%.
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Several research firms recently issued reports on ENSG. Zacks Investment Research lowered shares of The Ensign Group from a “hold” rating to a “sell” rating in a research report on Thursday, April 20th. Royal Bank of Canada reissued a “buy” rating on shares of The Ensign Group in a research report on Friday, February 10th. Oppenheimer Holdings Inc. reissued an “outperform” rating and issued a $26.00 price target (down previously from $29.00) on shares of The Ensign Group in a research report on Friday, February 10th. TheStreet lowered shares of The Ensign Group from a “b” rating to a “c+” rating in a research report on Wednesday, January 25th. Finally, Wells Fargo & Co lowered shares of The Ensign Group from a “market perform” rating to an “underperform” rating in a research report on Friday, April 28th. Three research analysts have rated the stock with a sell rating and four have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $22.60.
In other news, Director John G. Nackel purchased 3,462 shares of the business’s stock in a transaction dated Friday, April 28th. The stock was bought at an average price of $17.55 per share, with a total value of $60,758.10. Following the acquisition, the director now owns 96,732 shares in the company, valued at approximately $1,697,646.60. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Barry Port sold 3,884 shares of the company’s stock in a transaction that occurred on Thursday, March 16th. The stock was sold at an average price of $18.13, for a total transaction of $70,416.92. Following the sale, the vice president now directly owns 122,442 shares of the company’s stock, valued at approximately $2,219,873.46. The disclosure for this sale can be found here. Corporate insiders own 6.50% of the company’s stock.
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.
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