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Ensign Group said on March 17, 2023 that its board of directors declared a regular
quarterly dividend of $0.06 per share ($0.23 annualized).
Previously, the company paid $0.06 per share.
Shares must be purchased before the ex-div date of March 30, 2023 to qualify for the dividend.
Shareholders of record as of March 31, 2023
will receive the payment on April 30, 2023.
At the current share price of $90.28 / share,
the stock’s dividend yield is 0.25%.
Looking back five years and taking a sample every week, the average dividend yield has been
0.37%,
the lowest has been 0.22%,
and the highest has been 0.80%.
The standard deviation of yields is 0.12 (n=235).
The current dividend yield is
0.95 standard deviations
below
the historical average.
Additionally, the company’s dividend payout ratio is 0.06.
The payout ratio tells us how much of a company’s income is paid out in dividends. A payout ratio of one (1.0)
means 100% of the company’s income is paid in a dividend.
A payout ratio greater than one means the company is dipping into savings in order to maintain its dividend – not a
healthy situation.
Companies with few growth prospects are expected to pay out most of their income in dividends, which typically
means a payout ratio between 0.5 and 1.0.
Companies with good growth prospects are expected to retain some earnings in order to invest
in those growth prospects, which translates to a payout ratio of zero to 0.5.
The company’s 3-Year dividend growth rate is 0.15%,
demonstrating that it has increased its dividend over time.
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Analyst Price Forecast Suggests 22.70% Upside
As of March 19, 2023,
the average one-year price target for Ensign Group is $110.77.
The forecasts range from a low of $103.02 to a high of $120.75.
The average price target represents an increase of 22.70% from its latest reported closing price of $90.28.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Ensign Group
is $3,427MM, an increase of 13.27%.
The projected annual non-GAAP EPS
is $4.69.
What is the Fund Sentiment?
There are 707 funds or institutions reporting positions in Ensign Group.
This is an increase
of
45
owner(s) or 6.80% in the last quarter.
Average portfolio weight of all funds dedicated to ENSG is 0.38%,
an increase
of 6.13%.
Total shares owned by institutions increased
in the last three months by 2.84% to 57,659K shares.
The put/call ratio of ENSG is 0.70, indicating a
bullish
outlook.
What are Large Shareholders Doing?
Wasatch Advisors
holds 5,056K shares
representing 9.15% ownership of the company.
In it’s prior filing, the firm reported owning 5,423K shares, representing
a decrease
of 7.26%.
The firm
increased
its portfolio allocation in ENSG by 7.48% over the last quarter.
IJR – iShares Core S&P Small-Cap ETF
holds 4,111K shares
representing 7.44% ownership of the company.
In it’s prior filing, the firm reported owning 4,041K shares, representing
an increase
of 1.71%.
The firm
increased
its portfolio allocation in ENSG by 10.15% over the last quarter.
Fuller & Thaler Asset Management
holds 2,596K shares
representing 4.70% ownership of the company.
In it’s prior filing, the firm reported owning 2,416K shares, representing
an increase
of 6.91%.
The firm
increased
its portfolio allocation in ENSG by 12.75% over the last quarter.
UBVLX – Undiscovered Managers Behavioral Value Fund Class L
holds 2,112K shares
representing 3.82% ownership of the company.
In it’s prior filing, the firm reported owning 1,960K shares, representing
an increase
of 7.19%.
The firm
increased
its portfolio allocation in ENSG by 14.65% over the last quarter.
Riverbridge Partners
holds 1,639K shares
representing 2.97% ownership of the company.
In it’s prior filing, the firm reported owning 1,678K shares, representing
a decrease
of 2.39%.
The firm
increased
its portfolio allocation in ENSG by 17.52% over the last quarter.
Ensign Group Background Information
(This description is provided by the company.)
The Ensign Group independent operating subsidiaries provide a broad spectrum of skilled nursing and assisted living services, physical, occupational and speech therapies and other rehabilitative and healthcare services at 231 healthcare facilities, in Arizona, California, Colorado, Idaho, Iowa, Kansas, Nebraska, Nevada, South Carolina, Texas, Utah, Washington and Wisconsin.
This story originally appeared on Fintel.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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