Enstar Group Limited (NASDAQ:ESGR) Sees Significant Decline in Short Interest

Enstar Group Limited (NASDAQ:ESGR) was the recipient of a large decrease in short interest during the month of July. As of July 31st, there was short interest totalling 86,700 shares, a decrease of 9.0% from the July 15th total of 95,300 shares. Currently, 0.7% of the company’s stock are sold short. Based on an average daily volume of 106,400 shares, the short-interest ratio is presently 0.8 days.

Enstar Group Stock Performance

ESGR stock traded up $0.21 during trading on Friday, hitting $320.71. 118,498 shares of the company traded hands, compared to its average volume of 74,254. Enstar Group has a 1 year low of $229.57 and a 1 year high of $348.48. The company has a market cap of $4.88 billion, a PE ratio of 6.23 and a beta of 0.66. The stock’s 50-day simple moving average is $319.70 and its 200 day simple moving average is $303.72. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.31 and a quick ratio of 0.33.

Enstar Group (NASDAQ:ESGR) last released its quarterly earnings results on Monday, July 29th. The insurance provider reported $10.78 EPS for the quarter. The company had revenue of $159.00 million for the quarter. Enstar Group had a net margin of 81.31% and a return on equity of 18.55%.

Institutional Trading of Enstar Group

Institutional investors and hedge funds have recently modified their holdings of the stock. Dimensional Fund Advisors LP boosted its stake in Enstar Group by 4.0% during the 2nd quarter. Dimensional Fund Advisors LP now owns 793,067 shares of the insurance provider’s stock worth $242,442,000 after purchasing an additional 30,831 shares during the last quarter. Allspring Global Investments Holdings LLC grew its stake in Enstar Group by 2.4% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 412,455 shares of the insurance provider’s stock valued at $126,087,000 after acquiring an additional 9,520 shares in the last quarter. Hotchkis & Wiley Capital Management LLC raised its holdings in Enstar Group by 2.7% in the 4th quarter. Hotchkis & Wiley Capital Management LLC now owns 341,150 shares of the insurance provider’s stock valued at $100,418,000 after acquiring an additional 8,820 shares during the last quarter. Harspring Capital Management LLC lifted its stake in Enstar Group by 3.6% in the 2nd quarter. Harspring Capital Management LLC now owns 195,000 shares of the insurance provider’s stock worth $59,612,000 after purchasing an additional 6,750 shares in the last quarter. Finally, American Century Companies Inc. boosted its holdings in shares of Enstar Group by 14.0% during the 2nd quarter. American Century Companies Inc. now owns 166,358 shares of the insurance provider’s stock worth $50,856,000 after purchasing an additional 20,416 shares during the last quarter. Hedge funds and other institutional investors own 81.01% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com started coverage on shares of Enstar Group in a research note on Friday. 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.