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

Yakira Capital Management Inc. raised its stake in Enstar Group Limited (NASDAQ:ESGR) by 178.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 21,830 shares of the insurance provider’s stock after acquiring an additional 13,995 shares during the period. Enstar Group makes up about 2.6% of Yakira Capital Management Inc.’s portfolio, making the stock its 6th biggest holding. Yakira Capital Management Inc. owned approximately 0.14% of Enstar Group worth $7,030,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently modified their holdings of the company. Xponance Inc. lifted its position in Enstar Group by 9.5% during the fourth quarter. Xponance Inc. now owns 910 shares of the insurance provider’s stock worth $293,000 after purchasing an additional 79 shares during the period. Janus Henderson Group PLC lifted its holdings in shares of Enstar Group by 0.8% during the 3rd quarter. Janus Henderson Group PLC now owns 13,026 shares of the insurance provider’s stock worth $4,188,000 after acquiring an additional 98 shares during the period. Swiss National Bank boosted its position in shares of Enstar Group by 0.4% during the 4th quarter. Swiss National Bank now owns 23,900 shares of the insurance provider’s stock worth $7,697,000 after acquiring an additional 100 shares in the last quarter. KBC Group NV increased its stake in Enstar Group by 39.7% in the fourth quarter. KBC Group NV now owns 482 shares of the insurance provider’s stock valued at $155,000 after acquiring an additional 137 shares during the last quarter. Finally, Oliver Luxxe Assets LLC raised its position in Enstar Group by 2.6% during the fourth quarter. Oliver Luxxe Assets LLC now owns 6,075 shares of the insurance provider’s stock valued at $1,956,000 after purchasing an additional 155 shares in the last quarter. 81.01% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

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

Insider Transactions at Enstar Group

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

Enstar Group Stock Performance

Enstar Group stock 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 stock has a market cap of $4.95 billion, a PE ratio of 5.03 and a beta of 0.61. Enstar Group Limited has a 12-month low of $275.02 and a 12-month high of $348.48. The business’s 50-day moving average price is $330.90 and its two-hundred day moving average price is $326.32.

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. The business had revenue of $240.00 million during the quarter. Enstar Group had a net margin of 73.26% and a return on equity of 17.33%.

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.