Slotnik Capital LLC Acquires New Position in Enstar Group Limited (NASDAQ:ESGR)

Slotnik Capital LLC bought a new stake in Enstar Group Limited (NASDAQ:ESGR) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 32,000 shares of the insurance provider’s stock, valued at approximately $10,291,000. Enstar Group makes up about 3.4% of Slotnik Capital LLC’s investment portfolio, making the stock its 10th largest position.

Other large investors have also recently bought and sold shares of the company. Farmers & Merchants Investments Inc. bought a new stake in Enstar Group in the second quarter valued at approximately $31,000. GAMMA Investing LLC increased its stake in Enstar Group by 248.5% in 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. increased its stake in Enstar Group by 85.5% in 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 stake in shares of Enstar Group during the third quarter worth $48,000. Finally, Longfellow Investment Management Co. LLC bought a new stake in shares of Enstar Group during the third quarter worth $50,000. Institutional investors own 81.01% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Enstar Group Stock Performance

Shares of ESGR stock opened at $324.70 on Friday. The stock has a market cap of $4.95 billion, a P/E ratio of 4.92 and a beta of 0.65. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.33 and a quick ratio of 0.33. The company has a fifty day moving average price of $323.16 and a two-hundred day moving average price of $319.84. Enstar Group Limited has a one year low of $262.54 and a one year high of $348.48.

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

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.