Proficio Capital Partners LLC Makes New Investment in The Ensign Group, Inc. (NASDAQ:ENSG)

Proficio Capital Partners LLC acquired a new stake in The Ensign Group, Inc. (NASDAQ:ENSG - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 29,894 shares of the company's stock, valued at approximately $3,972,000. Proficio Capital Partners LLC owned 0.05% of The Ensign Group as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of ENSG. KBC Group NV raised its holdings in The Ensign Group by 11.8% in the 3rd quarter. KBC Group NV now owns 1,619 shares of the company's stock worth $233,000 after purchasing an additional 171 shares during the period. CIBC Asset Management Inc acquired a new position in The Ensign Group in the 3rd quarter worth about $236,000. Natixis Advisors LLC raised its holdings in The Ensign Group by 1.7% in the 3rd quarter. Natixis Advisors LLC now owns 16,169 shares of the company's stock worth $2,325,000 after purchasing an additional 272 shares during the period. Mutual of America Capital Management LLC raised its holdings in The Ensign Group by 229.3% in the 3rd quarter. Mutual of America Capital Management LLC now owns 30,564 shares of the company's stock worth $4,396,000 after purchasing an additional 21,283 shares during the period. Finally, J. W. Coons Advisors LLC raised its holdings in The Ensign Group by 4.9% in the 3rd quarter. J. W. Coons Advisors LLC now owns 3,868 shares of the company's stock worth $556,000 after purchasing an additional 182 shares during the period. Institutional investors and hedge funds own 96.12% of the company's stock.

Insider Activity at The Ensign Group

In related news, Chairman Christopher R. Christensen sold 39,086 shares of the firm's stock in a transaction dated Wednesday, February 5th. The stock was sold at an average price of $148.52, for a total transaction of $5,805,052.72. Following the transaction, the chairman now owns 12,539 shares of the company's stock, valued at $1,862,292.28. This trade represents a 75.71 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Barry M. Smith sold 700 shares of the firm's stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $129.15, for a total transaction of $90,405.00. Following the completion of the sale, the director now owns 30,052 shares of the company's stock, valued at approximately $3,881,215.80. The trade was a 2.28 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 43,186 shares of company stock valued at $6,345,115 over the last quarter. 3.90% of the stock is owned by insiders.

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Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on ENSG shares. Macquarie upped their price target on The Ensign Group from $165.00 to $166.00 and gave the stock an "outperform" rating in a report on Tuesday, February 4th. Truist Financial cut their price objective on The Ensign Group from $170.00 to $155.00 and set a "hold" rating for the company in a research note on Monday, January 6th. UBS Group started coverage on The Ensign Group in a research note on Thursday, November 21st. They set a "buy" rating and a $175.00 price objective for the company. Finally, Stephens reiterated an "overweight" rating and set a $155.00 price objective on shares of The Ensign Group in a research note on Thursday, February 6th. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to data from MarketBeat, The Ensign Group has an average rating of "Moderate Buy" and an average target price of $165.17.

The Ensign Group Price Performance

Shares of ENSG stock traded down $1.35 during trading hours on Friday, reaching $128.24. The company had a trading volume of 1,445,488 shares, compared to its average volume of 392,371. 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 stock has a fifty day moving average of $132.90 and a 200-day moving average of $141.03. The company has a market capitalization of $7.37 billion, a price-to-earnings ratio of 25.10, a PEG ratio of 1.52 and a beta of 0.98. The Ensign Group, Inc. has a 12-month low of $113.27 and a 12-month high of $158.45.

The Ensign Group (NASDAQ:ENSG - Get Free Report) last released 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 return on equity of 17.07% and a net margin of 6.99%. On average, equities analysts anticipate that The Ensign Group, Inc. will post 5.59 earnings per share for the current year.

The Ensign Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Monday, March 31st will be issued a $0.0625 dividend. This represents a $0.25 annualized dividend and a yield of 0.19%. The ex-dividend date is Monday, March 31st. The Ensign Group's dividend payout ratio (DPR) is presently 4.89%.

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.