Covenant Partners LLC Acquires New Position in The Ensign Group, Inc. $ENSG

Key Points

• Covenant Partners LLC acquired a new position in The Ensign Group, purchasing 1,426 shares valued at approximately $220,000.
• The Ensign Group reported a 12-month revenue increase of 18.5% and earnings per share (EPS) of $1.59 for the last quarter, beating estimates.
• The company announced a quarterly dividend of $0.0625 per share, with the payment scheduled for October 31st, indicating a modest annualized yield of 0.1%.

Covenant Partners LLC bought a new position in The Ensign Group, Inc. (NASDAQ:ENSG - Free Report) in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 1,426 shares of the company's stock, valued at approximately $220,000.

Other institutional investors have also recently made changes to their positions in the company. Rise Advisors LLC increased its position in shares of The Ensign Group by 114.0% during the first quarter. Rise Advisors LLC now owns 199 shares of the company's stock valued at $26,000 after acquiring an additional 106 shares in the last quarter. TCTC Holdings LLC lifted its position in The Ensign Group by 116.7% during the first quarter. TCTC Holdings LLC now owns 208 shares of the company's stock valued at $27,000 after purchasing an additional 112 shares during the period. WPG Advisers LLC purchased a new stake in The Ensign Group in the first quarter worth approximately $27,000. Financial Management Professionals Inc. bought a new stake in The Ensign Group in the 2nd quarter worth approximately $28,000. Finally, Maseco LLP bought a new stake in The Ensign Group in the 2nd quarter worth approximately $36,000. Hedge funds and other institutional investors own 96.12% of the company's stock.

Insider Transactions at The Ensign Group

In other The Ensign Group news, Director Barry M. Smith sold 700 shares of The Ensign Group stock in a transaction on Tuesday, September 2nd. The shares were sold at an average price of $172.06, for a total value of $120,442.00. Following the sale, the director directly owned 27,052 shares in the company, valued at approximately $4,654,567.12. The trade was a 2.52% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 3.90% of the company's stock.

The Ensign Group Stock Performance

NASDAQ ENSG opened at $183.15 on Wednesday. The company has a quick ratio of 1.41, a current ratio of 1.41 and a debt-to-equity ratio of 0.07. The Ensign Group, Inc. has a twelve month low of $118.73 and a twelve month high of $185.69. The business has a 50-day moving average price of $171.88 and a 200-day moving average price of $153.12. The firm has a market cap of $10.57 billion, a price-to-earnings ratio of 33.24, a price-to-earnings-growth ratio of 2.13 and a beta of 0.93.

The Ensign Group (NASDAQ:ENSG - Get Free Report) last issued its earnings results on Thursday, July 24th. The company reported $1.59 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.54 by $0.05. The Ensign Group had a return on equity of 16.92% and a net margin of 6.99%.The company had revenue of $1.23 billion for the quarter, compared to the consensus estimate of $1.22 billion. During the same quarter last year, the company earned $1.32 EPS. The firm's quarterly revenue was up 18.5% on a year-over-year basis. The Ensign Group has set its FY 2025 guidance at 6.340-6.460 EPS. As a group, equities research analysts predict that The Ensign Group, Inc. will post 5.59 EPS for the current fiscal year.

The Ensign Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, October 31st. Investors of record on Tuesday, September 30th will be paid a dividend of $0.0625 per share. This represents a $0.25 annualized dividend and a yield of 0.1%. The ex-dividend date of this dividend is Tuesday, September 30th. The Ensign Group's dividend payout ratio (DPR) is presently 4.54%.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the company. Stephens increased their price target on The Ensign Group from $165.00 to $170.00 and gave the company an "overweight" rating in a report on Monday, July 28th. UBS Group boosted their price target on The Ensign Group from $195.00 to $205.00 and gave the company a "buy" rating in a research note on Tuesday, September 2nd. Truist Financial set a $190.00 price objective on shares of The Ensign Group in a research note on Tuesday, October 14th. Finally, Weiss Ratings reissued a "buy (b)" rating on shares of The Ensign Group in a report on Wednesday, October 8th. Six equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $176.83.

The Ensign Group 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.

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