Short Interest in Global Indemnity Group, LLC (NASDAQ:GBLI) Decreases By 31.8%

Global Indemnity Group, LLC (NASDAQ:GBLI) saw a significant decrease in short interest during the month of July. As of July 15th, there was short interest totaling 13,185 shares, a decrease of 31.8% from the June 30th total of 19,343 shares. Approximately 0.2% of the shares of the company are sold short. Based on an average trading volume of 16,245 shares, the days-to-cover ratio is presently 0.8 days.

Global Indemnity Group Trading Up 0.0%

Global Indemnity Group stock opened at $27.50 on Friday. Global Indemnity Group has a 12-month low of $24.28 and a 12-month high of $30.52. The firm has a market capitalization of $401.75 million, a price-to-earnings ratio of 11.96 and a beta of 0.42. The firm has a 50 day moving average of $26.26 and a 200 day moving average of $27.48.

Global Indemnity Group (NASDAQ:GBLI) last posted its quarterly earnings results on Tuesday, May 5th. The insurance provider reported $0.57 earnings per share for the quarter, missing analysts’ consensus estimates of $0.60 by ($0.03). The firm had revenue of $109.18 million during the quarter. Global Indemnity Group had a return on equity of 5.81% and a net margin of 7.42%. On average, analysts predict that Global Indemnity Group will post 2.69 EPS for the current year.

Global Indemnity Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, June 29th. Investors of record on Thursday, June 18th were issued a $0.35 dividend. The ex-dividend date of this dividend was Thursday, June 18th. This represents a $1.40 annualized dividend and a yield of 5.1%. Global Indemnity Group’s dividend payout ratio is currently 60.87%.

Analysts Set New Price Targets

Separately, Weiss Ratings downgraded Global Indemnity Group from a “hold (c)” rating to a “hold (c-)” rating in a report on Thursday, June 11th. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold”.

Institutional Investors Weigh In On Global Indemnity Group

A number of institutional investors have recently bought and sold shares of the business. Ameriprise Financial Inc. raised its holdings in Global Indemnity Group by 0.9% during the second quarter. Ameriprise Financial Inc. now owns 298,435 shares of the insurance provider’s stock valued at $9,359,000 after acquiring an additional 2,565 shares during the period. Cannell Capital LLC grew its position in shares of Global Indemnity Group by 1.4% during the second quarter. Cannell Capital LLC now owns 282,313 shares of the insurance provider’s stock worth $8,853,000 after purchasing an additional 3,841 shares in the last quarter. Boston Partners grew its position in shares of Global Indemnity Group by 9.6% during the fourth quarter. Boston Partners now owns 150,351 shares of the insurance provider’s stock worth $4,270,000 after purchasing an additional 13,181 shares in the last quarter. State of Wyoming raised its stake in Global Indemnity Group by 70.5% during the 2nd quarter. State of Wyoming now owns 4,524 shares of the insurance provider’s stock valued at $142,000 after purchasing an additional 1,870 shares during the period. Finally, Franklin Street Advisors Inc. NC bought a new stake in Global Indemnity Group during the 2nd quarter valued at approximately $368,000. Hedge funds and other institutional investors own 37.40% of the company’s stock.

About Global Indemnity Group

Global Indemnity Group (NASDAQ: GBLI) is a specialty property and casualty insurance holding company headquartered in Princeton, New Jersey. Through its subsidiaries, the company focuses on underwriting commercial niche insurance products designed to meet the needs of small to mid-sized businesses and select specialty markets. Its approach centers on disciplined underwriting, customized policy structures and targeted distribution channels to address coverage gaps often underserved by standard carriers.

The company’s product portfolio encompasses surety and fidelity bonds, workers’ compensation, general liability, commercial auto, professional liability and environmental liability.