GAMMA Investing LLC Grows Position in Enstar Group Limited (NASDAQ:ESGR)

GAMMA Investing LLC lifted its stake in shares of Enstar Group Limited (NASDAQ:ESGR - Free Report) by 33,137.6% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 38,888 shares of the insurance provider's stock after purchasing an additional 38,771 shares during the period. GAMMA Investing LLC owned 0.26% of Enstar Group worth $12,926,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Quantbot Technologies LP purchased a new stake in shares of Enstar Group during the fourth quarter worth $171,000. Wolverine Asset Management LLC increased its holdings in Enstar Group by 175.3% in the fourth quarter. Wolverine Asset Management LLC now owns 4,254 shares of the insurance provider's stock valued at $1,370,000 after buying an additional 2,709 shares during the last quarter. Sequoia Financial Advisors LLC increased its holdings in Enstar Group by 6.6% in the fourth quarter. Sequoia Financial Advisors LLC now owns 28,057 shares of the insurance provider's stock valued at $9,036,000 after buying an additional 1,744 shares during the last quarter. Wells Fargo & Company MN increased its holdings in Enstar Group by 7.0% in the fourth quarter. Wells Fargo & Company MN now owns 12,331 shares of the insurance provider's stock valued at $3,971,000 after buying an additional 805 shares during the last quarter. Finally, Nexpoint Asset Management L.P. boosted its stake in Enstar Group by 21.3% in the fourth quarter. Nexpoint Asset Management L.P. now owns 107,434 shares of the insurance provider's stock valued at $34,599,000 after acquiring an additional 18,864 shares in the last quarter. 81.01% of the stock is currently owned by institutional investors and hedge funds.

Enstar Group Price Performance

Shares of ESGR stock traded down $0.11 during midday trading on Friday, reaching $335.00. 95,725 shares of the company traded hands, compared to its average volume of 102,569. The firm's 50 day simple moving average is $333.99 and its two-hundred day simple moving average is $329.98. Enstar Group Limited has a 1-year low of $291.90 and a 1-year high of $348.48. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.33 and a quick ratio of 0.33. The firm has a market cap of $4.99 billion, a PE ratio of 5.07 and a beta of 0.71.

Insider Activity

In other news, Director Hans-Peter Gerhardt sold 407 shares of the firm's stock in a transaction on Tuesday, May 6th. The shares were sold at an average price of $334.00, for a total transaction of $135,938.00. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Hiteshkumar R. Patel sold 484 shares of Enstar Group stock in a transaction on Tuesday, March 18th. The stock was sold at an average price of $332.17, for a total transaction of $160,770.28. The disclosure for this sale can be found here. Company insiders own 8.00% of the company's stock.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen initiated coverage on shares of Enstar Group in a research note on Saturday, April 5th. They set a "hold" rating for the company.

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.