Enstar Group Limited (NASDAQ:ESGR) Short Interest Update

Enstar Group Limited (NASDAQ:ESGR) was the target of a large decrease in short interest in the month of November. As of November 30th, there was short interest totalling 50,800 shares, a decrease of 20.1% from the November 15th total of 63,600 shares. Approximately 0.4% of the shares of the stock are sold short. Based on an average daily volume of 72,800 shares, the days-to-cover ratio is presently 0.7 days.

Hedge Funds Weigh In On Enstar Group

Institutional investors and hedge funds have recently made changes to their positions in the business. Farmers & Merchants Investments Inc. bought a new position in shares of Enstar Group in the 2nd quarter valued at about $31,000. GAMMA Investing LLC boosted its holdings in shares of Enstar Group by 248.5% in the 3rd quarter. GAMMA Investing LLC now owns 115 shares of the insurance provider’s stock worth $37,000 after purchasing an additional 82 shares during the period. Blue Trust Inc. increased its position in shares of Enstar Group by 85.5% during the 3rd quarter. Blue Trust Inc. now owns 141 shares of the insurance provider’s stock valued at $43,000 after purchasing an additional 65 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. purchased a new stake in Enstar Group during the 3rd quarter valued at $48,000. Finally, Longfellow Investment Management Co. LLC purchased a new stake in Enstar Group during the 3rd quarter valued at $50,000. 81.01% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, StockNews.com began coverage on shares of Enstar Group in a research report on Saturday. They set a “hold” rating on the stock.

Enstar Group Stock Performance

Shares of NASDAQ ESGR opened at $324.45 on Monday. The firm’s fifty day moving average is $324.10 and its two-hundred day moving average is $321.15. Enstar Group has a 52-week low of $262.54 and a 52-week high of $348.48. The company has a market cap of $4.94 billion, a P/E ratio of 4.91 and a beta of 0.65. 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 (NASDAQ:ESGR) last issued its earnings results on Tuesday, November 12th. The insurance provider reported $8.51 earnings per share (EPS) for the quarter. The firm had revenue of $177.00 million for the quarter. Enstar Group had a return on equity of 17.33% and a net margin of 73.26%.

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.