Global Indemnity Group, LLC (NASDAQ:GBLI – Get Rating) saw a large decline in short interest in the month of June. As of June 15th, there was short interest totaling 3,000 shares, a decline of 18.9% from the May 31st total of 3,700 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average daily volume of 10,600 shares, the short-interest ratio is presently 0.3 days.
A number of equities research analysts recently issued reports on the company. StockNews.com started coverage on Global Indemnity Group in a research note on Thursday, June 30th. They issued a “hold” rating on the stock. TheStreet raised Global Indemnity Group from a “c” rating to a “b-” rating in a report on Friday, March 11th.
In other Global Indemnity Group news, Director Seth Gersch bought 3,000 shares of the stock in a transaction dated Thursday, May 19th. The shares were bought at an average cost of $26.66 per share, for a total transaction of $79,980.00. Following the purchase, the director now directly owns 174,471 shares of the company’s stock, valued at approximately $4,651,396.86. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link. Insiders own 43.70% of the company’s stock.
Hedge funds have recently made changes to their positions in the business. Cullen Frost Bankers Inc. its raised holdings in shares of Global Indemnity Group by 28.6% during the fourth quarter. Cullen Frost Bankers Inc. now owns 9,000 shares of the insurance provider’s stock valued at $226,000 after acquiring an additional 2,000 shares in the last quarter. RBF Capital LLC bought a new position in Global Indemnity Group in the first quarter worth $533,000. Renaissance Technologies LLC raised its holdings in Global Indemnity Group by 7.1% in the first quarter. Renaissance Technologies LLC now owns 84,134 shares of the insurance provider’s stock worth $2,195,000 after purchasing an additional 5,600 shares in the last quarter. Finally, Berkley WR Corp bought a new position in Global Indemnity Group in the first quarter worth $15,427,000. Hedge funds and other institutional investors own 88.18% of the company’s stock.
GBLI traded down $0.18 during midday trading on Tuesday, hitting $25.80. The stock had a trading volume of 110 shares, compared to its average volume of 11,026. The company has a market cap of $374.87 million, a P/E ratio of 31.68 and a beta of 0.23. The business has a fifty day moving average of $26.27 and a 200 day moving average of $26.12. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.40 and a current ratio of 0.40. Global Indemnity Group has a 1 year low of $23.97 and a 1 year high of $27.99.
Global Indemnity Group (NASDAQ:GBLI – Get Rating) last announced its quarterly earnings data on Monday, May 9th. The insurance provider reported $0.36 earnings per share for the quarter. Global Indemnity Group had a return on equity of 1.80% and a net margin of 1.39%. The firm had revenue of $130.46 million during the quarter.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 30th. Shareholders of record on Monday, June 20th were given a $0.25 dividend. The ex-dividend date was Thursday, June 16th. This represents a $1.00 annualized dividend and a yield of 3.88%. Global Indemnity Group’s payout ratio is currently 175.44%.
Global Indemnity Group Company Profile (Get Rating)
Global Indemnity Group, LLC, through its subsidiaries, provides specialty property and casualty insurance and reinsurance products worldwide. It operates through Commercial Specialty; Farm, Ranch, & Stable; and Reinsurance Operations segments. The Commercial Specialty segment distributes property, general liability, casualty, and professional lines products.
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