Enstar Group Limited (NASDAQ:ESGR) Short Interest Update

Enstar Group Limited (NASDAQ:ESGR) was the target of a significant decline in short interest during the month of October. As of October 31st, there was short interest totalling 47,000 shares, a decline of 11.5% from the October 15th total of 53,100 shares. Based on an average daily trading volume, of 79,300 shares, the short-interest ratio is presently 0.6 days. Approximately 0.4% of the company’s stock are short sold.

Institutional Trading of Enstar Group

A number of institutional investors and hedge funds have recently modified their holdings of the company. Farmers & Merchants Investments Inc. acquired a new position in shares of Enstar Group during the second quarter worth approximately $31,000. GAMMA Investing LLC increased its position in Enstar Group by 248.5% during the third quarter. GAMMA Investing LLC now owns 115 shares of the insurance provider’s stock worth $37,000 after acquiring an additional 82 shares during the period. Blue Trust Inc. grew its position in Enstar Group by 85.5% in the 3rd quarter. Blue Trust Inc. now owns 141 shares of the insurance provider’s stock worth $43,000 after purchasing an additional 65 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. bought a new position in shares of Enstar Group during the 3rd quarter worth about $48,000. Finally, Longfellow Investment Management Co. LLC acquired a new position in shares of Enstar Group during the third quarter valued at about $50,000. 81.01% of the stock is currently owned by institutional investors and hedge funds.

Enstar Group Price Performance

Enstar Group stock traded up $0.39 during trading hours on Monday, hitting $324.10. 34,893 shares of the company traded hands, compared to its average volume of 74,521. The firm’s 50-day simple moving average is $322.27 and its two-hundred day simple moving average is $318.49. The firm has a market cap of $4.94 billion, a P/E ratio of 4.90 and a beta of 0.65. Enstar Group has a 1-year low of $261.76 and a 1-year high of $348.48. The company has a quick ratio of 0.31, a current ratio of 0.33 and a debt-to-equity ratio of 0.33.

Enstar Group (NASDAQ:ESGR) last announced its quarterly earnings data on Tuesday, November 12th. The insurance provider reported $8.51 earnings per share (EPS) for the quarter. The company had revenue of $177.00 million for the quarter. Enstar Group had a net margin of 73.26% and a return on equity of 17.33%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com began coverage on shares of Enstar Group in a research note on Tuesday, November 12th. They set a “hold” rating for the company.

Enstar Group Company Profile

Enstar Group Limited acquires and manages insurance and reinsurance companies and portfolios in run-off in Bermuda and internationally. It engages in the run-off property and casualty; other reinsurance; life and catastrophe; and legacy underwriting businesses; as well as investment activities. The company also provides consulting services, including claims inspection, claims validation, reinsurance asset collection, syndicate management, and IT consulting services to the insurance and reinsurance industry.