Entropy Technologies LP Cuts Stake in Enstar Group Limited (NASDAQ:ESGR)

Entropy Technologies LP reduced its stake in Enstar Group Limited (NASDAQ:ESGR) by 15.8% during the fourth quarter, HoldingsChannel reports. The fund owned 1,066 shares of the insurance provider’s stock after selling 200 shares during the period. Entropy Technologies LP’s holdings in Enstar Group were worth $343,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. GAMMA Investing LLC lifted its holdings in shares of Enstar Group by 248.5% during the third quarter. GAMMA Investing LLC now owns 115 shares of the insurance provider’s stock valued at $37,000 after purchasing an additional 82 shares in the last quarter. Blue Trust Inc. lifted its holdings in shares of Enstar Group by 85.5% during the third quarter. Blue Trust Inc. now owns 141 shares of the insurance provider’s stock valued at $43,000 after purchasing an additional 65 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. bought a new position in shares of Enstar Group during the third quarter valued at $48,000. Longfellow Investment Management Co. LLC bought a new position in shares of Enstar Group during the third quarter valued at $50,000. Finally, US Bancorp DE lifted its holdings in shares of Enstar Group by 40.7% during the third quarter. US Bancorp DE now owns 211 shares of the insurance provider’s stock valued at $68,000 after purchasing an additional 61 shares in the last quarter. 81.01% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Enstar Group

In other Enstar Group news, Director Bernard F. Becker sold 100 shares of the stock in a transaction dated Thursday, December 19th. The stock was sold at an average price of $323.44, for a total value of $32,344.00. Following the transaction, the director now owns 2,179 shares of the company’s stock, valued at approximately $704,775.76. This represents a 4.39 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 8.00% of the stock is owned by corporate insiders.

Enstar Group Trading Up 0.4 %

Shares of NASDAQ:ESGR opened at $330.47 on Friday. The company has a market cap of $5.03 billion, a P/E ratio of 5.00 and a beta of 0.64. 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 Limited has a 1 year low of $271.85 and a 1 year high of $348.48. The stock’s fifty day moving average price is $325.62 and its 200-day moving average price is $323.83.

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

Wall Street Analyst Weigh In

Separately, StockNews.com initiated coverage on Enstar Group in a report on Saturday, February 8th. They set a “hold” rating on the stock.

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.