Global Indemnity Group, LLC (NASDAQ:GBLI) Short Interest Update

Global Indemnity Group, LLC (NASDAQ:GBLI) saw a significant increase in short interest in July. As of July 31st, there was short interest totaling 26,976 shares, an increase of 104.6% from the July 15th total of 13,185 shares. Approximately 0.3% of the shares of the stock are short sold. Based on an average trading volume of 3,927 shares, the short-interest ratio is currently 6.9 days.

Analyst Ratings Changes

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

Global Indemnity Group Price Performance

NASDAQ:GBLI opened at $27.07 on Monday. The business’s 50-day moving average price is $26.49 and its two-hundred day moving average price is $27.41. Global Indemnity Group has a twelve month low of $24.28 and a twelve month high of $30.52. The stock has a market cap of $395.49 million, a P/E ratio of 11.52 and a beta of 0.41.

Global Indemnity Group (NASDAQ:GBLI) last issued its quarterly earnings results on Wednesday, August 5th. The insurance provider reported $0.59 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.63 by ($0.04). The business had revenue of $116.10 million for the quarter. Global Indemnity Group had a net margin of 7.50% and a return on equity of 5.56%. On average, equities research analysts expect that Global Indemnity Group will post 2.68 EPS for the current fiscal year.

Global Indemnity Group Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 29th. Shareholders of record on Thursday, June 18th were given a dividend of $0.35 per share. The ex-dividend date was Thursday, June 18th. This represents a $1.40 annualized dividend and a yield of 5.2%. Global Indemnity Group’s payout ratio is presently 59.57%.

Hedge Funds Weigh In On Global Indemnity Group

Institutional investors have recently made changes to their positions in the stock. Franklin Street Advisors Inc. NC purchased a new stake in shares of Global Indemnity Group during the 2nd quarter valued at $368,000. State of Wyoming grew its position in Global Indemnity Group by 22.4% in the first quarter. State of Wyoming now owns 5,993 shares of the insurance provider’s stock worth $163,000 after acquiring an additional 1,095 shares in the last quarter. Boston Partners increased its stake in Global Indemnity Group by 9.6% in the fourth quarter. Boston Partners now owns 150,351 shares of the insurance provider’s stock valued at $4,270,000 after acquiring an additional 13,181 shares during the last quarter. Clearstead Advisors LLC increased its stake in Global Indemnity Group by 190.8% in the fourth quarter. Clearstead Advisors LLC now owns 1,454 shares of the insurance provider’s stock valued at $41,000 after acquiring an additional 954 shares during the last quarter. Finally, Ameriprise Financial Inc. raised its position in Global Indemnity Group by 0.4% during the third quarter. Ameriprise Financial Inc. now owns 299,626 shares of the insurance provider’s stock valued at $8,704,000 after purchasing an additional 1,191 shares in the last quarter. 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.