Davidson Capital Management Inc. Has $3.27 Million Stake in The Ensign Group, Inc. (NASDAQ:ENSG)

Davidson Capital Management Inc. increased its position in The Ensign Group, Inc. (NASDAQ:ENSG) by 22.7% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 26,445 shares of the company’s stock after purchasing an additional 4,900 shares during the quarter. The Ensign Group makes up 1.0% of Davidson Capital Management Inc.’s portfolio, making the stock its 21st largest holding. Davidson Capital Management Inc.’s holdings in The Ensign Group were worth $3,271,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Vanguard Personalized Indexing Management LLC boosted its position in shares of The Ensign Group by 8.5% during the 4th quarter. Vanguard Personalized Indexing Management LLC now owns 4,526 shares of the company’s stock valued at $508,000 after acquiring an additional 353 shares in the last quarter. Janney Montgomery Scott LLC boosted its holdings in The Ensign Group by 1.0% during the fourth quarter. Janney Montgomery Scott LLC now owns 10,945 shares of the company’s stock valued at $1,228,000 after purchasing an additional 110 shares in the last quarter. Beacon Pointe Advisors LLC bought a new stake in shares of The Ensign Group in the 4th quarter valued at approximately $238,000. Norges Bank acquired a new position in shares of The Ensign Group in the 4th quarter worth approximately $65,050,000. Finally, Dynamic Technology Lab Private Ltd lifted its position in shares of The Ensign Group by 88.7% during the 4th quarter. Dynamic Technology Lab Private Ltd now owns 7,020 shares of the company’s stock worth $788,000 after buying an additional 3,300 shares during the period. Institutional investors own 96.12% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have weighed in on ENSG shares. Oppenheimer upped their price target on The Ensign Group from $155.00 to $165.00 and gave the company an “outperform” rating in a research report on Monday. Macquarie assumed coverage on shares of The Ensign Group in a research report on Friday, June 28th. They set an “outperform” rating and a $134.00 target price for the company. Finally, Truist Financial boosted their price target on shares of The Ensign Group from $150.00 to $160.00 and gave the company a “hold” rating in a research report on Wednesday, July 31st. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $139.50.

Insider Transactions at The Ensign Group

In related news, CEO Barry Port sold 5,618 shares of the firm’s stock in a transaction dated Thursday, August 29th. The stock was sold at an average price of $150.00, for a total value of $842,700.00. Following the transaction, the chief executive officer now owns 53,716 shares in the company, valued at $8,057,400. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In related news, CEO Barry Port sold 5,618 shares of the stock in a transaction that occurred on Thursday, August 29th. The shares were sold at an average price of $150.00, for a total value of $842,700.00. Following the transaction, the chief executive officer now directly owns 53,716 shares in the company, valued at $8,057,400. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, COO Spencer Burton sold 7,519 shares of The Ensign Group stock in a transaction on Friday, July 12th. The stock was sold at an average price of $135.04, for a total transaction of $1,015,365.76. Following the sale, the chief operating officer now directly owns 42,629 shares of the company’s stock, valued at approximately $5,756,620.16. The disclosure for this sale can be found here. Insiders sold a total of 24,736 shares of company stock worth $3,491,039 over the last 90 days. 3.90% of the stock is owned by insiders.

The Ensign Group Stock Performance

The Ensign Group stock opened at $152.24 on Friday. The stock has a 50-day simple moving average of $144.19 and a 200 day simple moving average of $129.07. The stock has a market capitalization of $8.67 billion, a price-to-earnings ratio of 40.06, a P/E/G ratio of 2.01 and a beta of 0.96. The company has a quick ratio of 1.53, a current ratio of 1.53 and a debt-to-equity ratio of 0.09. The Ensign Group, Inc. has a 12-month low of $90.00 and a 12-month high of $154.93.

The Ensign Group (NASDAQ:ENSG) last announced its earnings results on Thursday, July 25th. The company reported $1.32 earnings per share for the quarter, topping analysts’ consensus estimates of $1.30 by $0.02. The Ensign Group had a net margin of 5.68% and a return on equity of 17.32%. The company had revenue of $1.04 billion during the quarter, compared to the consensus estimate of $1.02 billion. During the same period in the previous year, the firm posted $1.08 earnings per share. The company’s revenue was up 12.5% on a year-over-year basis. On average, research analysts anticipate that The Ensign Group, Inc. will post 4.99 earnings per share for the current fiscal year.

The Ensign Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Monday, September 30th will be paid a $0.06 dividend. The ex-dividend date is Monday, September 30th. This represents a $0.24 annualized dividend and a dividend yield of 0.16%. The Ensign Group’s dividend payout ratio (DPR) is currently 6.32%.

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.