Yakira Capital Management Inc. Buys 13,995 Shares of Enstar Group Limited (NASDAQ:ESGR)

Yakira Capital Management Inc. grew its stake in Enstar Group Limited (NASDAQ:ESGR) by 178.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 21,830 shares of the insurance provider’s stock after buying an additional 13,995 shares during the period. Enstar Group accounts for about 2.6% of Yakira Capital Management Inc.’s holdings, making the stock its 6th biggest holding. Yakira Capital Management Inc.’s holdings in Enstar Group were worth $7,030,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Grantham Mayo Van Otterloo & Co. LLC raised its stake in Enstar Group by 4.8% during the fourth quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 44,793 shares of the insurance provider’s stock worth $14,426,000 after buying an additional 2,042 shares during the last quarter. Wells Fargo & Company MN raised its position in shares of Enstar Group by 7.0% in the 4th quarter. Wells Fargo & Company MN now owns 12,331 shares of the insurance provider’s stock worth $3,971,000 after acquiring an additional 805 shares in the last quarter. ExodusPoint Capital Management LP lifted its stake in shares of Enstar Group by 205.3% in the 4th quarter. ExodusPoint Capital Management LP now owns 2,000 shares of the insurance provider’s stock valued at $644,000 after purchasing an additional 1,345 shares during the period. Franklin Resources Inc. boosted its position in shares of Enstar Group by 7.7% during the 4th quarter. Franklin Resources Inc. now owns 17,119 shares of the insurance provider’s stock valued at $5,513,000 after purchasing an additional 1,231 shares in the last quarter. Finally, Pictet Asset Management Holding SA grew its stake in Enstar Group by 20.0% during the fourth quarter. Pictet Asset Management Holding SA now owns 1,800 shares of the insurance provider’s stock worth $580,000 after purchasing an additional 300 shares during the period. 81.01% of the stock is currently owned by institutional investors.

Enstar Group Stock Up 0.0 %

Shares of NASDAQ ESGR opened at $332.41 on Friday. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 0.33. The firm has a market cap of $4.95 billion, a PE ratio of 5.03 and a beta of 0.61. The company’s fifty day simple moving average is $330.90 and its 200 day simple moving average is $326.32. Enstar Group Limited has a 12-month low of $275.02 and a 12-month high of $348.48.

Enstar Group (NASDAQ:ESGR) last released its quarterly earnings data on Thursday, February 27th. The insurance provider reported $17.01 earnings per share (EPS) for the quarter. Enstar Group had a net margin of 73.26% and a return on equity of 17.33%. The company had revenue of $240.00 million for the quarter.

Analyst Upgrades and Downgrades

Separately, StockNews.com began coverage on Enstar Group in a research note on Saturday. They issued a “hold” rating on the stock.

Insider Buying and Selling at Enstar Group

In other Enstar Group news, Director Hiteshkumar R. Patel sold 484 shares of the company’s stock in a transaction on Tuesday, March 18th. The shares were sold at an average price of $332.17, for a total transaction of $160,770.28. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 8.00% of the company’s 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.