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

Dynamic Technology Lab Private Ltd reduced its stake in The Ensign Group, Inc. (NASDAQ:ENSG - Free Report) by 18.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund 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 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of ENSG. Cerity Partners LLC raised its holdings in The Ensign Group by 164.9% in the 3rd quarter. Cerity Partners LLC now owns 4,442 shares of the company's stock valued at $639,000 after acquiring an additional 2,765 shares during the period. Walleye Capital LLC bought a new position in shares of The Ensign Group during the third quarter worth approximately $586,000. Paloma Partners Management Co acquired a new stake in The Ensign Group during the 3rd quarter worth approximately $222,000. Benjamin Edwards Inc. lifted its holdings in shares of The Ensign Group by 275.1% during the third quarter. Benjamin Edwards Inc. now owns 2,532 shares of the company's stock worth $364,000 after buying an additional 1,857 shares in the last quarter. Finally, Centiva Capital LP acquired a new position in shares of The Ensign Group during the 3rd quarter worth approximately $244,000. 96.12% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

ENSG has been the topic of a number of recent analyst reports. Truist Financial decreased their price target on The Ensign Group from $170.00 to $155.00 and set a "hold" rating on the stock in a research report on Monday, January 6th. Macquarie increased their price target on The Ensign Group from $165.00 to $166.00 and gave the company an "outperform" rating in a research note on Tuesday, February 4th. Finally, Stephens restated an "overweight" rating and set a $155.00 price objective on shares of The Ensign Group in a research report on Thursday, February 6th. One research analyst has rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $165.17.

Insiders Place Their Bets

In other news, Director Daren Shaw sold 2,000 shares of the stock in a transaction that occurred on 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 transaction, the director now directly owns 26,325 shares of the company's stock, valued at $3,413,299.50. This represents a 7.06 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Barry M. Smith sold 700 shares of the business's stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $138.48, for a total value of $96,936.00. Following the completion of the sale, the director now owns 30,752 shares in the company, valued at approximately $4,258,536.96. The trade was a 2.23 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 42,486 shares of company stock valued at $6,251,714. Corporate insiders own 3.90% of the company's stock.

The Ensign Group Stock Down 0.6 %

Shares of NASDAQ ENSG traded down $0.82 during trading on Friday, hitting $126.87. 66,745 shares of the company traded hands, compared to its average volume of 423,559. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.56 and a current ratio of 1.56. The business's fifty day moving average is $129.87 and its 200 day moving average is $138.37. The firm has a market capitalization of $7.29 billion, a price-to-earnings ratio of 24.82, a P/E/G ratio of 1.52 and a beta of 0.91. The Ensign Group, Inc. has a fifty-two week low of $113.27 and a fifty-two week high of $158.45.

The Ensign Group (NASDAQ:ENSG - Get Free Report) last announced its quarterly earnings results on Wednesday, February 5th. The company reported $1.36 EPS for the quarter, missing analysts' consensus estimates of $1.47 by ($0.11). The Ensign Group had a net margin of 6.99% and a return on equity of 17.07%. Equities research analysts predict that The Ensign Group, Inc. will post 5.59 earnings per share for the current fiscal year.

The Ensign Group Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Monday, March 31st will be given a dividend of $0.0625 per share. This represents a $0.25 dividend on an annualized basis and a dividend yield of 0.20%. The ex-dividend date is Monday, March 31st. The Ensign Group's payout ratio is currently 4.89%.

The Ensign Group Company 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.