Enstar Group Limited (NASDAQ:ESGR) Sees Large Growth in Short Interest

Enstar Group Limited (NASDAQ:ESGR) was the target of a significant growth in short interest during the month of February. As of February 15th, there was short interest totalling 143,300 shares, a growth of 27.4% from the January 31st total of 112,500 shares. Currently, 1.3% of the shares of the company are sold short. Based on an average daily trading volume, of 100,800 shares, the days-to-cover ratio is currently 1.4 days.

Insider Transactions at Enstar Group

In other news, Director Bernard F. Becker sold 100 shares of the business’s stock in a transaction on Thursday, December 19th. The shares were sold at an average price of $323.44, for a total value of $32,344.00. Following the completion of the sale, the director now directly owns 2,179 shares in the company, valued at approximately $704,775.76. The trade was a 4.39 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 8.00% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Enstar Group

Several institutional investors and hedge funds have recently bought and sold shares of the business. NewEdge Advisors LLC increased its holdings in Enstar Group by 17.1% in the 4th quarter. NewEdge Advisors LLC now owns 212 shares of the insurance provider’s stock valued at $68,000 after buying an additional 31 shares during the period. Summit Investment Advisors Inc. increased its holdings in Enstar Group by 3.3% in the 4th quarter. Summit Investment Advisors Inc. now owns 1,325 shares of the insurance provider’s stock valued at $427,000 after buying an additional 42 shares during the period. US Bancorp DE increased its holdings in Enstar Group by 40.7% in the 3rd quarter. US Bancorp DE now owns 211 shares of the insurance provider’s stock valued at $68,000 after buying an additional 61 shares during the period. Xponance Inc. increased its holdings in Enstar Group by 9.5% in the 4th quarter. Xponance Inc. now owns 910 shares of the insurance provider’s stock valued at $293,000 after buying an additional 79 shares during the period. Finally, Cerity Partners LLC increased its holdings in Enstar Group by 2.3% in the 3rd quarter. Cerity Partners LLC now owns 4,052 shares of the insurance provider’s stock valued at $1,303,000 after buying an additional 90 shares during the period. Institutional investors own 81.01% of the company’s stock.

Enstar Group Trading Up 0.1 %

Shares of ESGR stock opened at $331.20 on Friday. Enstar Group has a 1 year low of $275.02 and a 1 year high of $348.48. The firm’s fifty day simple moving average is $327.99 and its 200 day simple moving average is $324.82. The firm has a market capitalization of $5.04 billion, a P/E ratio of 5.01 and a beta of 0.64. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 0.33.

Enstar Group (NASDAQ:ESGR) last announced its earnings results on Thursday, February 27th. The insurance provider reported $17.01 earnings per share (EPS) for the quarter. The business had revenue of $240.00 million for the quarter. Enstar Group had a net margin of 73.26% and a return on equity of 17.33%.

Wall Street Analyst Weigh In

Separately, StockNews.com started coverage on shares of Enstar Group in a research report on Tuesday. They set a “hold” rating on the stock.

About Enstar Group

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.