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

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

Institutional Trading of Enstar Group

Several institutional investors have recently bought and sold shares of ESGR. Dimensional Fund Advisors LP lifted its holdings 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 buying an additional 30,831 shares in the last quarter. Allspring Global Investments Holdings LLC grew its position in shares of Enstar Group by 2.4% in 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 purchasing an additional 9,520 shares during the period. State Street Corp raised its holdings in shares of Enstar Group by 0.3% during the third quarter. State Street Corp now owns 357,912 shares of the insurance provider’s stock worth $115,101,000 after acquiring an additional 1,130 shares during the period. Harspring Capital Management LLC boosted its position in Enstar Group by 3.6% during the 2nd quarter. Harspring Capital Management LLC now owns 195,000 shares of the insurance provider’s stock worth $59,612,000 after acquiring an additional 6,750 shares during the last quarter. Finally, Glazer Capital LLC bought a new stake in Enstar Group during the third quarter worth about $59,941,000. Institutional investors and hedge funds own 81.01% of the company’s stock.

Enstar Group Stock Performance

Shares of ESGR stock opened at $323.72 on Tuesday. The firm has a market cap of $4.93 billion, a P/E ratio of 4.90 and a beta of 0.65. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.33 and a quick ratio of 0.33. Enstar Group has a fifty-two week low of $261.76 and a fifty-two week high of $348.48. The stock’s 50-day moving average is $322.27 and its two-hundred day moving average is $318.49.

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

Analysts Set New Price Targets

Separately, StockNews.com assumed coverage on Enstar Group in a report on Tuesday, November 12th. They issued 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.