Dynamic Technology Lab Private Ltd Has $840,000 Position in The Ensign Group, Inc. $ENSG

Key Points

• Dynamic Technology Lab Private Ltd reduced its stake in The Ensign Group by 28.7%, owning 6,492 shares after selling 2,615 shares in the first quarter.
• The Ensign Group reported a quarterly EPS of $1.59, beating analyst estimates, with revenues increasing by 18.5% year-over-year.
• The company announced a new quarterly dividend of $0.0625 per share, representing a 0.1% yield, with a payout ratio of 4.54%.

Dynamic Technology Lab Private Ltd lessened its position in shares of The Ensign Group, Inc. (NASDAQ:ENSG - Free Report) by 28.7% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,492 shares of the company's stock after selling 2,615 shares during the period. Dynamic Technology Lab Private Ltd's holdings in The Ensign Group were worth $840,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Cambridge Investment Research Advisors Inc. increased its holdings in The Ensign Group by 23.2% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 8,298 shares of the company's stock worth $1,074,000 after purchasing an additional 1,564 shares in the last quarter. QRG Capital Management Inc. increased its position in shares of The Ensign Group by 1.6% in the first quarter. QRG Capital Management Inc. now owns 5,825 shares of the company's stock valued at $754,000 after acquiring an additional 92 shares during the last quarter. KBC Group NV increased its position in shares of The Ensign Group by 10.7% in the first quarter. KBC Group NV now owns 2,506 shares of the company's stock valued at $324,000 after acquiring an additional 243 shares during the last quarter. New York State Teachers Retirement System increased its position in shares of The Ensign Group by 0.8% in the first quarter. New York State Teachers Retirement System now owns 36,529 shares of the company's stock valued at $4,727,000 after acquiring an additional 300 shares during the last quarter. Finally, SG Americas Securities LLC acquired a new stake in shares of The Ensign Group in the first quarter valued at about $343,000. Institutional investors own 96.12% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on ENSG shares. Stephens lifted their target price on The Ensign Group from $165.00 to $170.00 and gave the company an "overweight" rating in a research report on Monday, July 28th. UBS Group lifted their target price 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. Finally, Truist Financial lifted their target price on The Ensign Group from $155.00 to $165.00 and gave the company a "hold" rating in a research report on Monday, July 28th. Five investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $172.67.

The Ensign Group Stock Performance

The Ensign Group stock traded down $0.96 during midday trading on Friday, reaching $167.99. 214,153 shares of the company's stock were exchanged, compared to its average volume of 324,800. The Ensign Group, Inc. has a 52 week low of $118.73 and a 52 week high of $174.98. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.41 and a current ratio of 1.41. The firm has a market cap of $9.69 billion, a price-to-earnings ratio of 30.49, a P/E/G ratio of 1.93 and a beta of 0.93. The stock's 50-day simple moving average is $158.14 and its 200 day simple moving average is $144.94.

The Ensign Group (NASDAQ:ENSG - Get Free Report) last posted its quarterly earnings results on Thursday, July 24th. The company reported $1.59 EPS for the quarter, topping analysts' consensus estimates 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 business had revenue of $1.23 billion during the quarter, compared to analysts' expectations of $1.22 billion. During the same quarter last year, the company posted $1.32 earnings per share. The Ensign Group'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. On average, analysts expect that The Ensign Group, Inc. will post 5.59 earnings per share for the current fiscal year.

The Ensign Group Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, July 31st. Investors of record on Monday, June 30th were issued a dividend of $0.0625 per share. The ex-dividend date was Monday, June 30th. This represents a $0.25 dividend on an annualized basis and a yield of 0.1%. The Ensign Group's dividend payout ratio (DPR) is presently 4.54%.

Insider Transactions at The Ensign Group

In other news, Director Barry M. Smith sold 700 shares of the business's stock in a transaction that occurred on Tuesday, September 2nd. The stock was sold at an average price of $172.06, for a total transaction of $120,442.00. Following the completion of the sale, the director owned 27,052 shares in the company, valued at $4,654,567.12. The trade was a 2.52% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, VP Beverly B. Wittekind sold 4,719 shares of the stock in a transaction that occurred on Wednesday, June 18th. The stock was sold at an average price of $155.00, for a total value of $731,445.00. Following the transaction, the vice president owned 38,679 shares in the company, valued at approximately $5,995,245. This trade represents a 10.87% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 14,498 shares of company stock worth $2,201,175 over the last quarter. Company insiders own 3.90% of the company's stock.

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.