Ibex Wealth Advisors Invests $217,000 in The Ensign Group, Inc. (NASDAQ:ENSG)

Ibex Wealth Advisors acquired a new stake in The Ensign Group, Inc. (NASDAQ:ENSG) during the fourth quarter, Holdings Channel.com reports. The fund acquired 1,636 shares of the company’s stock, valued at approximately $217,000.

Other institutional investors have also added to or reduced their stakes in the company. FMR LLC increased its stake in shares of The Ensign Group by 42.3% in the 3rd quarter. FMR LLC now owns 1,995,971 shares of the company’s stock valued at $287,061,000 after purchasing an additional 593,779 shares during the last quarter. Geode Capital Management LLC boosted its stake in The Ensign Group by 5.1% in the third quarter. Geode Capital Management LLC now owns 1,363,822 shares of the company’s stock valued at $196,181,000 after buying an additional 66,314 shares in the last quarter. Crewe Advisors LLC grew its position in The Ensign Group by 0.9% in the third quarter. Crewe Advisors LLC now owns 1,110,692 shares of the company’s stock valued at $159,740,000 after acquiring an additional 10,221 shares during the last quarter. Baillie Gifford & Co. acquired a new position in The Ensign Group during the third quarter worth about $151,827,000. Finally, Charles Schwab Investment Management Inc. boosted its stake in shares of The Ensign Group by 3.0% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 800,606 shares of the company’s stock valued at $115,143,000 after purchasing an additional 23,381 shares in the last quarter. 96.12% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at The Ensign Group

In other The Ensign Group news, Director Barry M. Smith sold 700 shares of the company’s stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $133.43, for a total transaction of $93,401.00. Following the sale, the director now owns 30,852 shares of the company’s stock, valued at approximately $4,116,582.36. This represents a 2.22 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 3.90% of the company’s stock.

The Ensign Group Stock Up 0.1 %

Shares of NASDAQ:ENSG opened at $140.58 on Thursday. The business has a fifty day simple moving average of $138.52 and a 200 day simple moving average of $143.61. The Ensign Group, Inc. has a 12-month low of $110.71 and a 12-month high of $158.45. The firm has a market cap of $8.06 billion, a P/E ratio of 34.04, a P/E/G ratio of 1.63 and a beta of 0.93. The company has a quick ratio of 1.56, a current ratio of 1.56 and a debt-to-equity ratio of 0.08.

The Ensign Group Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Tuesday, December 31st will be issued a $0.0625 dividend. The ex-dividend date of this dividend is Tuesday, December 31st. This is a boost from The Ensign Group’s previous quarterly dividend of $0.06. This represents a $0.25 annualized dividend and a yield of 0.18%. The Ensign Group’s dividend payout ratio is presently 6.05%.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the stock. Royal Bank of Canada upped their price objective on shares of The Ensign Group from $167.00 to $172.00 and gave the stock an “outperform” rating in a research report on Monday, October 28th. Stephens boosted their target price on shares of The Ensign Group from $163.00 to $167.00 and gave the stock an “overweight” rating in a research note on Monday, October 28th. Truist Financial dropped their price target on 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. Oppenheimer upped their target price on The Ensign Group from $165.00 to $168.00 and gave the stock an “outperform” rating in a report on Friday, October 25th. Finally, UBS Group assumed coverage on The Ensign Group in a research note on Thursday, November 21st. They set a “buy” rating and a $175.00 price target on the stock. One analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $161.83.

The Ensign Group Company 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.