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

Enstar Group Limited (NASDAQ:ESGR - Get Free Report) was the target of a significant decline in short interest in 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. Approximately 0.4% of the shares of the company are short sold. Based on an average daily trading volume, of 79,300 shares, the short-interest ratio is currently 0.6 days.

Wall Street Analyst Weigh In

Separately, StockNews.com assumed coverage on Enstar Group in a research report on Tuesday, November 12th. They issued a "hold" rating on the stock.

Institutional Investors Weigh In On Enstar Group

A number of institutional investors have recently added to or reduced their stakes in ESGR. Glazer Capital LLC bought a new position in shares of Enstar Group during the 3rd quarter valued at about $59,941,000. Alpine Associates Management Inc. acquired a new stake in Enstar Group during the third quarter valued at approximately $24,465,000. Slotnik Capital LLC bought a new stake in Enstar Group during the third quarter worth approximately $10,291,000. Dimensional Fund Advisors LP grew its position in Enstar Group by 4.0% in the second quarter. Dimensional Fund Advisors LP now owns 793,067 shares of the insurance provider's stock worth $242,442,000 after buying an additional 30,831 shares during the last quarter. Finally, Edgestream Partners L.P. bought a new position in shares of Enstar Group in the second quarter valued at $7,394,000. 81.01% of the stock is currently owned by institutional investors and hedge funds.

Enstar Group Stock Performance

Shares of NASDAQ ESGR traded up $0.21 during midday trading on Friday, reaching $323.71. 81,453 shares of the company traded hands, compared to its average volume of 58,829. The company has a market cap of $4.93 billion, a price-to-earnings ratio of 4.90 and a beta of 0.65. The stock has a 50-day moving average price of $322.27 and a 200 day moving average price of $318.31. Enstar Group has a 52 week low of $255.99 and a 52 week high of $348.48. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.33 and a quick ratio of 0.31.

Enstar Group (NASDAQ:ESGR - Get Free Report) last released its quarterly earnings results on Tuesday, November 12th. The insurance provider reported $8.51 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%.

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.