Short Interest in Enstar Group Ltd. (NASDAQ:ESGR) Increases By 11.0%

Enstar Group Ltd. (NASDAQ:ESGR) saw a significant growth in short interest in June. As of June 30th, there was short interest totalling 221,300 shares, a growth of 11.0% from the May 30th total of 199,300 shares. Approximately 1.5% of the shares of the stock are sold short. Based on an average daily volume of 55,700 shares, the short-interest ratio is presently 4.0 days.

Several analysts have issued reports on ESGR shares. BidaskClub downgraded shares of Weyco Group from a “sell” rating to a “strong sell” rating in a report on Saturday. ValuEngine lowered shares of Zosano Pharma from a “buy” rating to a “hold” rating in a research report on Wednesday, May 1st. Finally, TheStreet raised shares of ZTO Express (Cayman) from a “c+” rating to a “b” rating in a research report on Thursday, May 16th.

NASDAQ:ESGR opened at $172.61 on Tuesday. The firm has a 50 day moving average price of $171.42. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.29. Enstar Group has a 1-year low of $150.32 and a 1-year high of $223.45.

Enstar Group (NASDAQ:ESGR) last posted its quarterly earnings data on Wednesday, May 8th. The insurance provider reported $9.22 earnings per share for the quarter. The business had revenue of $426.48 million during the quarter. Enstar Group had a net margin of 16.11% and a return on equity of 4.08%.

In other Enstar Group news, Director Hans-Peter Gerhardt purchased 6,000 shares of Enstar Group stock in a transaction on Tuesday, May 28th. The shares were bought at an average price of $166.90 per share, with a total value of $1,001,400.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 9.40% of the stock is owned by corporate insiders.

Several large investors have recently bought and sold shares of the company. Advisor Group Inc. raised its position in shares of Enstar Group by 41.4% in the fourth quarter. Advisor Group Inc. now owns 280 shares of the insurance provider’s stock valued at $47,000 after buying an additional 82 shares during the last quarter. Prudential Financial Inc. increased its position in Enstar Group by 6.5% during the fourth quarter. Prudential Financial Inc. now owns 1,402 shares of the insurance provider’s stock worth $235,000 after purchasing an additional 86 shares during the last quarter. United Services Automobile Association increased its position in Enstar Group by 8.4% during the fourth quarter. United Services Automobile Association now owns 2,408 shares of the insurance provider’s stock worth $404,000 after purchasing an additional 186 shares during the last quarter. Comerica Bank increased its position in Enstar Group by 0.5% during the first quarter. Comerica Bank now owns 49,147 shares of the insurance provider’s stock worth $8,710,000 after purchasing an additional 230 shares during the last quarter. Finally, Manchester Capital Management LLC acquired a new position in Enstar Group during the first quarter worth approximately $40,000. 71.03% of the stock is owned by institutional investors and hedge funds.

About Enstar Group

Enstar Group Limited acquires and manages insurance and reinsurance companies, and portfolios of insurance and reinsurance business in run-off. It operates in three segments: Non-Life Run-Off, Atrium, and StarStone. The Non-Life Run-Off segment engages in the running off property and casualty, and other non-life lines of businesses.

See Also: Liquidity

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