Entropy Technologies LP Sells 200 Shares of Enstar Group Limited (NASDAQ:ESGR)

Entropy Technologies LP lowered its stake in Enstar Group Limited (NASDAQ:ESGR) by 15.8% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 1,066 shares of the insurance provider’s stock after selling 200 shares during the quarter. Entropy Technologies LP’s holdings in Enstar Group were worth $343,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Glazer Capital LLC bought a new position in shares of Enstar Group during the third quarter valued at approximately $59,941,000. Alpine Associates Management Inc. bought a new position in shares of Enstar Group during the third quarter valued at approximately $24,465,000. Slotnik Capital LLC bought a new position in shares of Enstar Group during the third quarter valued at approximately $10,291,000. Sequoia Financial Advisors LLC raised its holdings in shares of Enstar Group by 640.8% during the third quarter. Sequoia Financial Advisors LLC now owns 26,313 shares of the insurance provider’s stock valued at $8,462,000 after acquiring an additional 22,761 shares in the last quarter. Finally, Tokio Marine Asset Management Co. Ltd. bought a new position in shares of Enstar Group during the fourth quarter valued at approximately $5,346,000. Institutional investors own 81.01% of the company’s stock.

Insider Buying and Selling

In related news, Director Bernard F. Becker sold 100 shares of the company’s stock in a transaction on Thursday, December 19th. The stock was sold at an average price of $323.44, for a total value of $32,344.00. Following the sale, the director now directly owns 2,179 shares of the company’s stock, valued at $704,775.76. This represents a 4.39 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 8.00% of the stock is owned by insiders.

Analysts Set New Price Targets

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

Enstar Group Price Performance

Shares of ESGR stock opened at $330.47 on Friday. The stock has a market cap of $5.03 billion, a price-to-earnings ratio of 5.00 and a beta of 0.64. The business’s fifty day moving average is $325.62 and its 200 day moving average is $323.83. Enstar Group Limited has a twelve month low of $271.85 and a twelve month high of $348.48. 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 issued its quarterly earnings results on Tuesday, November 12th. The insurance provider reported $8.51 earnings per share for the quarter. The company had revenue of $177.00 million for the quarter. Enstar Group had a return on equity of 17.33% and a net margin of 73.26%.

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.