South Dakota Investment Council maintained its stake in shares of The Ensign Group, Inc. (NASDAQ:ENSG) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 64,800 shares of the company’s stock at the end of the 2nd quarter. South Dakota Investment Council owned approximately 0.13% of The Ensign Group worth $1,411,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors also recently modified their holdings of the business. Wells Fargo & Company MN increased its position in The Ensign Group by 10.8% in the second quarter. Wells Fargo & Company MN now owns 215,795 shares of the company’s stock worth $4,698,000 after buying an additional 21,066 shares during the period. LSV Asset Management increased its position in The Ensign Group by 34.6% in the second quarter. LSV Asset Management now owns 328,357 shares of the company’s stock worth $7,148,000 after buying an additional 84,457 shares during the period. Kestrel Investment Management Corp increased its position in The Ensign Group by 89.2% in the second quarter. Kestrel Investment Management Corp now owns 352,700 shares of the company’s stock worth $7,678,000 after buying an additional 166,316 shares during the period. Oppenheimer Asset Management Inc. increased its position in The Ensign Group by 7.5% in 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 period. Finally, Principal Financial Group Inc. increased its position in The Ensign Group by 0.7% in the second quarter. Principal Financial Group Inc. now owns 377,139 shares of the company’s stock worth $8,210,000 after buying an additional 2,479 shares during the period. 84.20% of the stock is currently owned by hedge funds and other institutional investors.
The Ensign Group, Inc. (ENSG) opened at 20.83 on Wednesday. The stock has a 50 day moving average price of $20.69 and a 200 day moving average price of $19.82. The Ensign Group, Inc. has a 1-year low of $16.51 and a 1-year high of $23.35. The company has a market cap of $1.06 billion, a PE ratio of 24.25 and a beta of 0.86.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 31st. Shareholders of record on Saturday, September 30th will be given a $0.043 dividend. The ex-dividend date is Thursday, September 28th. This represents a $0.17 annualized dividend and a yield of 0.83%. The Ensign Group’s payout ratio is 20.24%.
In other The Ensign Group news, VP Barry Port sold 10,000 shares of The Ensign Group stock in a transaction on Monday, July 24th. The stock was sold at an average price of $23.00, for a total value of $230,000.00. Following the completion of the transaction, the vice president now owns 135,642 shares in the company, valued at approximately $3,119,766. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In the last quarter, insiders sold 12,076 shares of company stock valued at $274,998. Corporate insiders own 6.20% of the company’s stock.
Several equities research analysts have weighed in on ENSG shares. BidaskClub raised The Ensign Group from a “buy” rating to a “strong-buy” rating in a research report on Saturday, June 17th. Zacks Investment Research raised The Ensign Group from a “sell” rating to a “hold” rating in a research report on Tuesday, June 6th. Finally, TheStreet raised The Ensign Group from a “c+” rating to a “b” rating in a research report on Monday, August 7th. Three equities research analysts have rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the stock. The Ensign Group currently has a consensus rating of “Hold” and a consensus price target of $22.00.
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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