Enstar Group Limited (NASDAQ:ESGR) Short Interest Down 5.1% in August

Enstar Group Limited (NASDAQ:ESGR) was the recipient of a large drop in short interest in the month of August. As of August 31st, there was short interest totalling 59,800 shares, a drop of 5.1% from the August 15th total of 63,000 shares. Currently, 0.5% of the shares of the company are sold short. Based on an average trading volume of 121,100 shares, the days-to-cover ratio is currently 0.5 days.

Enstar Group Stock Performance

ESGR opened at $318.86 on Thursday. Enstar Group has a 12-month low of $229.57 and a 12-month high of $348.48. The firm has a market capitalization of $4.86 billion, a P/E ratio of 6.19 and a beta of 0.66. The stock’s 50 day moving average price is $324.59 and its two-hundred day moving average price is $309.85. The company has a quick ratio of 0.31, a current ratio of 0.31 and a debt-to-equity ratio of 0.34.

Enstar Group (NASDAQ:ESGR) last announced its quarterly earnings data on Monday, July 29th. The insurance provider reported $10.78 earnings per share (EPS) for the quarter. Enstar Group had a net margin of 81.31% and a return on equity of 18.55%. The business had revenue of $159.00 million for the quarter.

Institutional Trading of Enstar Group

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Dimensional Fund Advisors LP lifted its stake in shares of Enstar Group by 4.0% in the second quarter. Dimensional Fund Advisors LP now owns 793,067 shares of the insurance provider’s stock valued at $242,442,000 after buying an additional 30,831 shares during the period. Allspring Global Investments Holdings LLC raised its holdings in 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 acquiring an additional 9,520 shares in the last quarter. Hotchkis & Wiley Capital Management LLC lifted its position in shares of Enstar Group by 2.7% in the 4th quarter. Hotchkis & Wiley Capital Management LLC now owns 341,150 shares of the insurance provider’s stock worth $100,418,000 after acquiring an additional 8,820 shares during the period. Harspring Capital Management LLC grew its holdings in shares of 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 purchasing an additional 6,750 shares in the last quarter. Finally, American Century Companies Inc. increased its position in shares of Enstar Group by 14.0% during the second quarter. American Century Companies Inc. now owns 166,358 shares of the insurance provider’s stock valued at $50,856,000 after purchasing an additional 20,416 shares during the period. 81.01% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, StockNews.com started coverage on shares of Enstar Group in a report on Tuesday. They set a “hold” rating for the company.

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.