EntryPoint Capital LLC Purchases Shares of 474 Enstar Group Limited (NASDAQ:ESGR)

EntryPoint Capital LLC acquired a new position in Enstar Group Limited (NASDAQ:ESGR) in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 474 shares of the insurance provider’s stock, valued at approximately $147,000.

Several other institutional investors have also recently made changes to their positions in ESGR. Dimensional Fund Advisors LP increased its position in Enstar Group by 5.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 725,999 shares of the insurance provider’s stock worth $213,698,000 after purchasing an additional 39,137 shares during the last quarter. Allspring Global Investments Holdings LLC raised its position in shares of Enstar Group by 1.3% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 402,935 shares of the insurance provider’s stock valued at $125,216,000 after buying an additional 5,121 shares in the last quarter. Hotchkis & Wiley Capital Management LLC raised its position in shares of Enstar Group by 2.7% during the 4th quarter. Hotchkis & Wiley Capital Management LLC now owns 341,150 shares of the insurance provider’s stock valued at $100,418,000 after buying an additional 8,820 shares in the last quarter. Harspring Capital Management LLC lifted its holdings in shares of Enstar Group by 0.6% in the 4th quarter. Harspring Capital Management LLC now owns 173,500 shares of the insurance provider’s stock valued at $51,070,000 after acquiring an additional 1,054 shares during the last quarter. Finally, Norges Bank purchased a new position in Enstar Group in the fourth quarter worth about $40,397,000. Hedge funds and other institutional investors own 81.01% of the company’s stock.

Enstar Group Trading Up 2.1 %

ESGR stock traded up $6.98 during midday trading on Friday, reaching $341.99. 15,888 shares of the company traded hands, compared to its average volume of 58,474. The firm has a market capitalization of $5.21 billion, a price-to-earnings ratio of 6.62 and a beta of 0.66. Enstar Group Limited has a 52-week low of $229.57 and a 52-week high of $342.80. The business has a 50 day moving average of $314.51 and a 200-day moving average of $297.95. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.33 and a current ratio of 0.33.

Enstar Group (NASDAQ:ESGR) last released its quarterly earnings results on Thursday, May 2nd. The insurance provider reported $9.50 earnings per share for the quarter. The company had revenue of $171.00 million for the quarter. Enstar Group had a return on equity of 18.33% and a net margin of 77.65%.

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.