Keeley Gabelli Small Cap Dividend Fund on The Ensign Group Inc.
Thesis
Ensign continues to produce strong operating results, including record occupancy and robust acquisition activity. Two short-seller reports accelerated the selloff, but the fund remains positive on the business. Disciplined acquisitions and favorable demographics from an aging U.S. population support the long-term opportunity.
“we remain favorable on Ensign given its strong operating execution, disciplined acquisition strategy.”
Key risks
- Two short-seller reports
- Recent share-price weakness