Insider Selling: The Ensign Group, Inc. (ENSG) Director Sells $52,375.00 in Stock

The Ensign Group, Inc. (NASDAQ:ENSG) Director Antoinette T. Hubenette sold 2,500 shares of The Ensign Group stock in a transaction that occurred on Tuesday, September 12th. The shares were sold at an average price of $20.95, for a total transaction of $52,375.00. Following the transaction, the director now directly owns 24,626 shares in the company, valued at $515,914.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

The Ensign Group, Inc. (ENSG) traded down 0.49% during mid-day trading on Friday, hitting $20.32. 433,741 shares of the stock were exchanged. The stock has a market cap of $1.03 billion, a price-to-earnings ratio of 23.66 and a beta of 0.86. The Ensign Group, Inc. has a 52 week low of $16.51 and a 52 week high of $23.35. The company has a 50 day moving average price of $20.43 and a 200 day moving average price of $19.85.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 31st. Shareholders of record on Saturday, September 30th will be given a dividend of $0.043 per share. The ex-dividend date is Thursday, September 28th. This represents a $0.17 dividend on an annualized basis and a yield of 0.85%. The Ensign Group’s payout ratio is currently 20.24%.

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Institutional investors have recently made changes to their positions in the business. Riverhead Capital Management LLC boosted its position in shares of The Ensign Group by 86.6% in the second quarter. Riverhead Capital Management LLC now owns 4,664 shares of the company’s stock valued at $102,000 after acquiring an additional 2,164 shares during the period. Victory Capital Management Inc. boosted its position in shares of The Ensign Group by 36.8% in the first quarter. Victory Capital Management Inc. now owns 6,084 shares of the company’s stock valued at $114,000 after acquiring an additional 1,638 shares during the period. UBS Group AG boosted its position in shares of The Ensign Group by 93.9% in the first quarter. UBS Group AG now owns 6,986 shares of the company’s stock valued at $131,000 after acquiring an additional 3,383 shares during the period. Oppenheimer Asset Management Inc. bought a new stake in shares of The Ensign Group in the first quarter valued at approximately $131,000. Finally, Nisa Investment Advisors LLC boosted its position in shares of 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 acquiring an additional 2,400 shares during the period. 84.20% of the stock is owned by hedge funds and other institutional investors.

A number of analysts have recently issued reports on the stock. TheStreet upgraded shares of The Ensign Group from a “c+” rating to a “b” rating in a research note on Monday, August 7th. Zacks Investment Research lowered shares of The Ensign Group from a “hold” rating to a “sell” rating in a research note on Tuesday, August 8th. Finally, BidaskClub lowered shares of The Ensign Group from a “strong-buy” rating to a “buy” rating in a research note on Monday, July 31st. Three investment analysts have rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $22.00.

About The Ensign Group

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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