Olympiad Research LP Makes New $1.50 Million Investment in Enstar Group Limited (NASDAQ:ESGR)

Olympiad Research LP purchased a new position in shares of Enstar Group Limited (NASDAQ:ESGR) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 4,644 shares of the insurance provider’s stock, valued at approximately $1,496,000. Enstar Group accounts for about 1.6% of Olympiad Research LP’s investment portfolio, making the stock its 12th largest holding.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in ESGR. Blue Trust Inc. grew its position in Enstar Group by 85.5% during the 3rd quarter. Blue Trust Inc. now owns 141 shares of the insurance provider’s stock worth $43,000 after purchasing an additional 65 shares during the period. Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of Enstar Group during the 3rd quarter valued at about $48,000. Longfellow Investment Management Co. LLC acquired a new stake in shares of Enstar Group during the 3rd quarter valued at about $50,000. Key Financial Inc acquired a new stake in shares of Enstar Group during the 4th quarter valued at about $52,000. Finally, US Bancorp DE grew its position in shares of Enstar Group by 40.7% during the 3rd quarter. US Bancorp DE now owns 211 shares of the insurance provider’s stock valued at $68,000 after acquiring an additional 61 shares during the period. 81.01% of the stock is owned by institutional investors and hedge funds.

Enstar Group Price Performance

NASDAQ:ESGR opened at $332.53 on Friday. Enstar Group Limited has a 52 week low of $275.02 and a 52 week high of $348.48. 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 capitalization of $5.07 billion, a PE ratio of 5.03 and a beta of 0.64. The stock’s 50-day moving average price is $326.46 and its 200-day moving average price is $324.16.

Insider Activity

In related news, Director Bernard F. Becker sold 100 shares of Enstar Group stock in a transaction dated Thursday, December 19th. The stock was sold at an average price of $323.44, for a total value of $32,344.00. Following the sale, the director now directly owns 2,179 shares in the company, valued at approximately $704,775.76. The trade was a 4.39 % decrease in their position. 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.

Analysts Set New Price Targets

Separately, StockNews.com assumed coverage on Enstar Group in a research report on Sunday, February 16th. They set a “hold” rating on the stock.

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.