GAMMA Investing LLC Purchases 38,771 Shares of Enstar Group Limited (NASDAQ:ESGR)

GAMMA Investing LLC grew its holdings in Enstar Group Limited (NASDAQ:ESGR - Free Report) by 33,137.6% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 38,888 shares of the insurance provider's stock after acquiring 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.

Several other institutional investors have also added to or reduced their stakes in the business. Key Financial Inc purchased a new stake in shares of Enstar Group in the 4th quarter worth $52,000. NewEdge Advisors LLC grew its holdings in Enstar Group by 17.1% during the fourth quarter. NewEdge Advisors LLC now owns 212 shares of the insurance provider's stock valued at $68,000 after purchasing an additional 31 shares during the period. Vestcor Inc purchased a new stake in Enstar Group in the fourth quarter worth about $96,000. Sterling Capital Management LLC raised its stake in shares of Enstar Group by 825.0% in the fourth quarter. Sterling Capital Management LLC now owns 407 shares of the insurance provider's stock worth $131,000 after buying an additional 363 shares during the period. Finally, KBC Group NV lifted its position in shares of Enstar Group by 39.7% during the 4th quarter. KBC Group NV now owns 482 shares of the insurance provider's stock valued at $155,000 after buying an additional 137 shares in the last quarter. 81.01% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

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

Enstar Group Price Performance

Shares of ESGR traded down $0.70 during mid-day trading on Tuesday, reaching $335.54. The stock had a trading volume of 121,385 shares, compared to its average volume of 103,675. The business has a fifty day moving average of $334.13 and a 200 day moving average of $330.18. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.33 and a current ratio of 0.33. The firm has a market cap of $5.00 billion, a price-to-earnings ratio of 5.08 and a beta of 0.71. Enstar Group Limited has a 12 month low of $291.90 and a 12 month high of $348.48.

Insiders Place Their Bets

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 value of $160,770.28. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Hans-Peter Gerhardt sold 407 shares of the business's stock in a transaction dated Tuesday, May 6th. The stock was sold at an average price of $334.00, for a total value of $135,938.00. The disclosure for this sale can be found here. 8.00% of the stock is currently owned by corporate insiders.

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.