Enstar Group Limited (NASDAQ:ESGR) Shares Purchased by Yakira Capital Management Inc.

Yakira Capital Management Inc. raised its holdings in shares of Enstar Group Limited (NASDAQ:ESGR - Free Report) by 178.6% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 21,830 shares of the insurance provider's stock after buying an additional 13,995 shares during the period. Enstar Group comprises approximately 2.6% of Yakira Capital Management Inc.'s investment portfolio, making the stock its 6th biggest position. Yakira Capital Management Inc. owned approximately 0.14% of Enstar Group worth $7,030,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of ESGR. Key Financial Inc purchased a new position in Enstar Group during the 4th quarter valued at about $52,000. Vestcor Inc bought a new position in Enstar Group during the fourth quarter valued at approximately $96,000. KBC Group NV lifted its stake in Enstar Group by 39.7% in the fourth quarter. KBC Group NV now owns 482 shares of the insurance provider's stock valued at $155,000 after acquiring an additional 137 shares during the last quarter. Quantbot Technologies LP bought a new stake in Enstar Group in the fourth quarter worth approximately $171,000. Finally, R Squared Ltd acquired a new position in shares of Enstar Group during the 4th quarter worth $174,000. Institutional investors own 81.01% of the company's stock.

Enstar Group Stock Performance

Shares of Enstar Group stock traded down $0.73 during trading on Friday, reaching $331.50. The company's stock had a trading volume of 43,946 shares, compared to its average volume of 95,383. The firm has a market cap of $4.93 billion, a price-to-earnings ratio of 5.02 and a beta of 0.56. The business's fifty day moving average price is $331.46 and its 200-day moving average price is $326.76. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.33 and a current ratio of 0.33. Enstar Group Limited has a one year low of $275.02 and a one year high of $348.48.

Enstar Group (NASDAQ:ESGR - Get Free Report) last posted its quarterly earnings results on Thursday, February 27th. The insurance provider reported $17.01 earnings per share (EPS) for the quarter. The company 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%.

Analyst Upgrades and Downgrades

Separately, StockNews.com initiated coverage on Enstar Group in a report on Saturday, April 5th. They set a "hold" rating on the stock.

Insider Activity

In other Enstar Group news, Director Hiteshkumar R. Patel sold 484 shares of the firm's stock in a transaction dated Tuesday, March 18th. The shares were sold at an average price of $332.17, for a total transaction of $160,770.28. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 8.00% of the stock is currently owned by company insiders.

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.