Affinity Investment Advisors LLC Sells 2,413 Shares of The Ensign Group, Inc. (ENSG)
Affinity Investment Advisors LLC reduced its stake in shares of The Ensign Group, Inc. (NASDAQ:ENSG) by 15.2% in the first quarter, according to its most recent filing with the SEC. The institutional investor owned 13,424 shares of the company’s stock after selling 2,413 shares during the period. Affinity Investment Advisors LLC’s holdings in The Ensign Group were worth $687,000 as of its most recent filing with the SEC.
Other institutional investors and hedge funds also recently modified their holdings of the company. USAdvisors Wealth Management LLC purchased a new position in The Ensign Group in the first quarter valued at approximately $292,000. Everence Capital Management Inc. purchased a new position in The Ensign Group in the first quarter valued at approximately $351,000. Wakefield Asset Management LLLP purchased a new position in The Ensign Group in the first quarter valued at approximately $603,000. Systematic Financial Management LP lifted its stake in The Ensign Group by 7.8% in the first quarter. Systematic Financial Management LP now owns 34,960 shares of the company’s stock valued at $1,790,000 after purchasing an additional 2,540 shares during the last quarter. Finally, Texas Permanent School Fund lifted its stake in The Ensign Group by 4.5% in the first quarter. Texas Permanent School Fund now owns 33,633 shares of the company’s stock valued at $1,722,000 after purchasing an additional 1,450 shares during the last quarter. 82.38% of the stock is owned by hedge funds and other institutional investors.
Shares of ENSG stock opened at $57.16 on Friday. The company has a current ratio of 1.15, a quick ratio of 1.15 and a debt-to-equity ratio of 1.87. The Ensign Group, Inc. has a 1 year low of $33.28 and a 1 year high of $57.28. The firm has a market cap of $3.03 billion, a price-to-earnings ratio of 31.93, a price-to-earnings-growth ratio of 1.78 and a beta of 0.95.
The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 30th. Shareholders of record on Sunday, March 31st were issued a dividend of $0.0475 per share. This is a boost from The Ensign Group’s previous quarterly dividend of $0.05. The ex-dividend date was Thursday, March 28th. This represents a $0.19 dividend on an annualized basis and a yield of 0.33%. The Ensign Group’s payout ratio is presently 10.61%.
ENSG has been the topic of several research analyst reports. BidaskClub upgraded The Ensign Group from a “hold” rating to a “buy” rating in a research note on Friday, January 25th. Zacks Investment Research downgraded The Ensign Group from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, April 9th. ValuEngine downgraded The Ensign Group from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, April 3rd. Finally, Oppenheimer upped their price objective on The Ensign Group from $52.00 to $58.00 and gave the company an “outperform” rating in a research note on Wednesday, May 8th. Two equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $43.43.
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The Ensign Group Company Profile
The Ensign Group, Inc provides health care services in the post-acute care continuum and other ancillary businesses. The company operates in three segments: Transitional and Skilled Services; Assisted and Independent Living Services; and Home Health and Hospice Services. The Transitional and Skilled Services segment offers a range of medical, nursing, rehabilitative, and pharmacy services, as well as routine services, such as daily dietary, social, and recreational services to Medicaid, private pay, managed care, and Medicare payors.
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