Donegal Group Inc. (NASDAQ:DGICB) Short Interest Update

Donegal Group Inc. (NASDAQ:DGICB) was the recipient of a large drop in short interest during the month of August. As of August 31st, there was short interest totalling 100 shares, a drop of 75.0% from the July 31st total of 400 shares. Based on an average daily volume of 300 shares, the days-to-cover ratio is currently 0.3 days. Approximately 0.0% of the company’s shares are sold short.

Separately, TheStreet downgraded Donegal Group from a “b-” rating to a “c” rating in a research report on Tuesday, August 27th.

A hedge fund recently bought a new stake in Donegal Group stock. Janney Montgomery Scott LLC bought a new stake in shares of Donegal Group Inc. (NASDAQ:DGICB) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 10,510 shares of the insurance provider’s stock, valued at approximately $137,000. 1.63% of the stock is currently owned by institutional investors.

Shares of NASDAQ:DGICB traded up $1.84 during midday trading on Friday, reaching $14.09. 700 shares of the company’s stock were exchanged, compared to its average volume of 766. The firm’s 50 day simple moving average is $13.11 and its two-hundred day simple moving average is $13.11. The company has a debt-to-equity ratio of 0.09, a current ratio of 0.44 and a quick ratio of 0.44. The stock has a market cap of $401.41 million, a price-to-earnings ratio of 245.00 and a beta of 0.38. Donegal Group has a fifty-two week low of $11.52 and a fifty-two week high of $14.80.

Donegal Group (NASDAQ:DGICB) last issued its quarterly earnings data on Monday, July 29th. The insurance provider reported $0.11 earnings per share (EPS) for the quarter. The firm had revenue of $197.22 million during the quarter. Donegal Group had a return on equity of 0.39% and a net margin of 1.75%.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 15th. Investors of record on Thursday, August 1st were given a dividend of $0.127 per share. This represents a $0.51 dividend on an annualized basis and a dividend yield of 3.61%. The ex-dividend date was Wednesday, July 31st.

About Donegal Group

Donegal Group Inc, an insurance holding company, provides personal and commercial lines of property and casualty insurance to businesses and individuals in the Mid-Atlantic, Midwestern, New England, and southern states. It operates through four segments: Investment Function, Personal Lines of Insurance, Commercial Lines of Insurance, and Investment in DFSC.

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