Keeley Gabelli Mid Cap Dividend Fund on The Ensign Group Inc.
Thesis
Ensign continues to execute well, with record occupancy, active acquisitions, and another beat-and-raise quarter. Two short-seller reports accelerated a share-price decline, but the fund's fundamental view remains positive. Strong operating execution, disciplined acquisitions, and favorable demographics from an aging U.S. population support the long-term thesis.
“we remain favorable on Ensign given its strong operating execution, disciplined acquisition strategy.”
Key risks
- Recent short-seller reports
- Recent share-price weakness