Inspire Investing LLC Invests $2.21 Million in The Ensign Group, Inc. $ENSG

Key Points

• Inspire Investing LLC has invested approximately $2.21 million in The Ensign Group, acquiring 17,040 shares, showcasing growing interest from institutional investors.
• The Ensign Group recently reported better-than-expected earnings, with EPS of $1.59 for the quarter, surpassing the analyst consensus by $0.05 and achieving an 18.5% revenue increase year-over-year.
• The company announced a quarterly dividend of $0.0625 per share, reflecting a 0.1% yield, and has a dividend payout ratio of 4.54%.

Inspire Investing LLC acquired a new stake in The Ensign Group, Inc. (NASDAQ:ENSG - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 17,040 shares of the company's stock, valued at approximately $2,205,000.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Rise Advisors LLC increased its holdings in The Ensign Group by 114.0% in the 1st quarter. Rise Advisors LLC now owns 199 shares of the company's stock worth $26,000 after acquiring an additional 106 shares during the last quarter. TCTC Holdings LLC boosted its holdings in The Ensign Group by 116.7% in the 1st quarter. TCTC Holdings LLC now owns 208 shares of the company's stock worth $27,000 after buying an additional 112 shares during the period. WPG Advisers LLC purchased a new position in The Ensign Group in the 1st quarter valued at approximately $27,000. Opal Wealth Advisors LLC bought a new stake in The Ensign Group during the 1st quarter valued at $36,000. Finally, AdvisorNet Financial Inc purchased a new stake in shares of The Ensign Group during the first quarter worth $38,000. 96.12% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on ENSG shares. UBS Group lifted their price target on The Ensign Group from $195.00 to $205.00 and gave the company a "buy" rating in a research report on Tuesday, September 2nd. Truist Financial raised their target price on The Ensign Group from $155.00 to $165.00 and gave the stock a "hold" rating in a research note on Monday, July 28th. Finally, Stephens lifted their target price on The Ensign Group from $165.00 to $170.00 and gave the company an "overweight" rating in a report on Monday, July 28th. Five research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $172.67.

Insiders Place Their Bets

In other The Ensign Group news, CFO Suzanne D. Snapper sold 8,379 shares of The Ensign Group stock in a transaction dated Monday, July 7th. The stock was sold at an average price of $148.21, for a total transaction of $1,241,851.59. Following the completion of the sale, the chief financial officer owned 269,692 shares of the company's stock, valued at $39,971,051.32. The trade was a 3.01% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Barry M. Smith sold 700 shares of the company's stock in a transaction dated Tuesday, September 2nd. The stock was sold at an average price of $172.06, for a total value of $120,442.00. Following the completion of the transaction, the director owned 27,052 shares of the company's stock, valued at $4,654,567.12. The trade was a 2.52% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 9,779 shares of company stock valued at $1,469,730 over the last ninety days. 3.90% of the stock is currently owned by insiders.

The Ensign Group Price Performance

NASDAQ ENSG traded up $0.48 during trading on Wednesday, reaching $164.82. The company's stock had a trading volume of 222,389 shares, compared to its average volume of 420,061. The stock has a market capitalization of $9.51 billion, a PE ratio of 29.84, a P/E/G ratio of 1.91 and a beta of 0.93. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.41 and a quick ratio of 1.41. The firm has a fifty day moving average of $158.89 and a 200 day moving average of $145.34. The Ensign Group, Inc. has a one year low of $118.73 and a one year high of $174.98.

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

The Ensign Group Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, July 31st. Stockholders of record on Monday, June 30th were given a dividend of $0.0625 per share. The ex-dividend date was Monday, June 30th. This represents a $0.25 annualized dividend and a dividend yield of 0.2%. The Ensign Group's dividend payout ratio (DPR) is 4.54%.

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.