Enstar Group Limited (NASDAQ:ESGR) Short Interest Down 11.5% in October

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

Enstar Group Trading Up 0.0 %

Shares of ESGR stock opened at $323.72 on Tuesday. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.33 and a quick ratio of 0.33. The stock has a market capitalization of $4.93 billion, a price-to-earnings 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’s fifty day simple moving average is $322.27 and its two-hundred day simple moving average is $318.49.

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

Hedge Funds Weigh In On Enstar Group

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. SG Americas Securities LLC lifted its holdings in Enstar Group by 47.2% in the first quarter. SG Americas Securities LLC now owns 1,438 shares of the insurance provider’s stock valued at $447,000 after acquiring an additional 461 shares during the period. Swiss National Bank grew its stake in Enstar Group by 8.6% in the first quarter. Swiss National Bank now owns 24,000 shares of the insurance provider’s stock worth $7,458,000 after purchasing an additional 1,900 shares in the last quarter. Russell Investments Group Ltd. boosted its stake in shares of Enstar Group by 759.1% during the first quarter. Russell Investments Group Ltd. now owns 6,383 shares of the insurance provider’s stock valued at $1,984,000 after purchasing an additional 5,640 shares in the last quarter. ProShare Advisors LLC increased its holdings in shares of Enstar Group by 8.5% in the 1st quarter. ProShare Advisors LLC now owns 2,145 shares of the insurance provider’s stock valued at $667,000 after acquiring an additional 168 shares during the period. Finally, Atlanta Consulting Group Advisors LLC purchased a new position in Enstar Group in the first quarter valued at about $280,000. Hedge funds and other institutional investors own 81.01% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com began coverage on Enstar Group in a research report on Tuesday, November 12th. They set a “hold” rating on the stock.

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.