Forum Financial Management LP Has $202,000 Position in The Ensign Group, Inc. (NASDAQ:ENSG)

Forum Financial Management LP boosted its holdings in shares of The Ensign Group, Inc. (NASDAQ:ENSG) by 5.8% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 1,524 shares of the company’s stock after acquiring an additional 84 shares during the period. Forum Financial Management LP’s holdings in The Ensign Group were worth $202,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in ENSG. Norges Bank purchased a new stake in The Ensign Group in the 4th quarter valued at $90,747,000. Raymond James Financial Inc. purchased a new stake in shares of The Ensign Group in the fourth quarter valued at about $36,167,000. Wasatch Advisors LP lifted its position in shares of The Ensign Group by 4.8% during the fourth quarter. Wasatch Advisors LP now owns 3,497,137 shares of the company’s stock valued at $464,630,000 after purchasing an additional 159,691 shares in the last quarter. World Investment Advisors LLC bought a new position in shares of The Ensign Group during the third quarter valued at about $21,744,000. Finally, Franklin Resources Inc. boosted its holdings in The Ensign Group by 32.7% during the fourth quarter. Franklin Resources Inc. now owns 417,482 shares of the company’s stock worth $55,467,000 after purchasing an additional 102,782 shares during the last quarter. 96.12% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms have commented on ENSG. Truist Financial decreased their price objective on shares of 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. Macquarie lifted 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. Finally, Stephens restated an “overweight” rating and issued a $155.00 price objective on shares of The Ensign Group in a research note on Thursday, February 6th. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $165.17.

The Ensign Group Trading Up 1.7 %

Shares of ENSG opened at $124.14 on Thursday. The Ensign Group, Inc. has a fifty-two week low of $113.27 and a fifty-two week high of $158.45. The business has a 50-day moving average of $128.55 and a 200 day moving average of $137.21. The firm has a market cap of $7.13 billion, a P/E ratio of 24.29, a price-to-earnings-growth ratio of 1.52 and a beta of 0.91. 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 Ensign Group (NASDAQ:ENSG) last posted its earnings results on Wednesday, February 5th. The company reported $1.36 earnings per share for the quarter, missing the consensus estimate of $1.47 by ($0.11). The Ensign Group had a return on equity of 17.07% and a net margin of 6.99%. As a group, research analysts forecast that The Ensign Group, Inc. will post 5.59 EPS for the current year.

The Ensign Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Monday, March 31st will be issued a $0.0625 dividend. This represents a $0.25 dividend on an annualized basis and a dividend yield of 0.20%. The ex-dividend date of this dividend is Monday, March 31st. The Ensign Group’s payout ratio is currently 4.89%.

Insider Activity

In other The Ensign Group news, Director Barry M. Smith sold 700 shares of The Ensign Group stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $138.48, for a total transaction of $96,936.00. Following the completion of the transaction, the director now owns 30,752 shares of the company’s stock, valued at $4,258,536.96. The trade was a 2.23 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Daren Shaw sold 2,000 shares of the firm’s stock in a transaction that occurred on Friday, February 14th. The shares were sold at an average price of $129.66, for a total transaction of $259,320.00. Following the completion of the transaction, the director now owns 26,325 shares of the company’s stock, valued at $3,413,299.50. This trade represents a 7.06 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 42,486 shares of company stock worth $6,251,714. 3.90% of the stock is owned by corporate insiders.

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.