Short Interest in Enstar Group Limited (NASDAQ:ESGR) Declines By 20.1%

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

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of ESGR. Cetera Advisors LLC acquired a new position in Enstar Group in the first quarter valued at approximately $322,000. CWM LLC grew its holdings in shares of Enstar Group by 57.6% in the second quarter. CWM LLC now owns 186 shares of the insurance provider’s stock valued at $57,000 after purchasing an additional 68 shares in the last quarter. Wealth Enhancement Advisory Services LLC increased its stake in Enstar Group by 3.9% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 1,721 shares of the insurance provider’s stock worth $526,000 after buying an additional 65 shares during the period. Catalyst Financial Partners LLC acquired a new stake in Enstar Group during the 2nd quarter worth approximately $205,000. Finally, Bank of New York Mellon Corp boosted its position in Enstar Group by 12.9% in the 2nd quarter. Bank of New York Mellon Corp now owns 50,956 shares of the insurance provider’s stock valued at $15,577,000 after buying an additional 5,827 shares during the period. Hedge funds and other institutional investors own 81.01% of the company’s stock.

Enstar Group Price Performance

Shares of Enstar Group stock traded down $0.71 on Friday, reaching $324.45. The company’s stock had a trading volume of 177,927 shares, compared to its average volume of 75,452. The stock has a 50-day moving average price of $324.10 and a 200-day moving average price of $321.01. Enstar Group has a 52-week low of $262.54 and a 52-week high of $348.48. The company has a market capitalization of $4.94 billion, a P/E ratio of 4.91 and a beta of 0.65. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 0.33.

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

Analysts Set New Price Targets

Separately, StockNews.com assumed coverage on shares of Enstar Group in a report on Saturday. 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.