Harspring Capital Management LLC Has $49.53 Million Stake in Enstar Group Limited (NASDAQ:ESGR)

Harspring Capital Management LLC trimmed its holdings in Enstar Group Limited (NASDAQ:ESGR) by 21.0% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 154,000 shares of the insurance provider’s stock after selling 41,000 shares during the period. Enstar Group comprises 11.8% of Harspring Capital Management LLC’s holdings, making the stock its 2nd biggest position. Harspring Capital Management LLC’s holdings in Enstar Group were worth $49,525,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Price T Rowe Associates Inc. MD grew its position in shares of Enstar Group by 1.8% in the first quarter. Price T Rowe Associates Inc. MD now owns 8,008 shares of the insurance provider’s stock valued at $2,489,000 after purchasing an additional 139 shares during the last quarter. Janus Henderson Group PLC grew its holdings in Enstar Group by 87.4% in the 1st quarter. Janus Henderson Group PLC now owns 9,834 shares of the insurance provider’s stock valued at $3,054,000 after buying an additional 4,586 shares in the last quarter. California State Teachers Retirement System increased its position in Enstar Group by 1.4% during the 1st quarter. California State Teachers Retirement System now owns 12,134 shares of the insurance provider’s stock worth $3,771,000 after buying an additional 171 shares during the period. Tidal Investments LLC lifted its holdings in shares of Enstar Group by 55.0% during the first quarter. Tidal Investments LLC now owns 2,241 shares of the insurance provider’s stock worth $696,000 after buying an additional 795 shares in the last quarter. Finally, Cetera Advisors LLC acquired a new position in shares of Enstar Group in the first quarter valued at about $322,000. 81.01% of the stock is owned by institutional investors and hedge funds.

Enstar Group Stock Performance

NASDAQ:ESGR opened at $325.68 on Tuesday. The firm has a market capitalization of $4.96 billion, a PE ratio of 4.93 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 Limited has a twelve month low of $262.54 and a twelve month high of $348.48. The stock’s 50-day simple moving average is $323.26 and its 200 day simple moving average is $320.07.

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 net margin of 73.26% and a return on equity of 17.33%. The firm had revenue of $177.00 million for the quarter.

Wall Street Analyst Weigh In

Separately, StockNews.com started coverage on Enstar Group in a report on Thursday, November 28th. They set a “hold” rating on the stock.

Enstar Group 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.