Global Indemnity Group, LLC (NASDAQ:GBLI) Short Interest Down 31.8% in July

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

Analyst Upgrades and Downgrades

Separately, Weiss Ratings lowered shares of 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, Based on data from MarketBeat, the stock has a consensus rating of “Hold”.

Global Indemnity Group Stock Performance

Shares of NASDAQ GBLI opened at $27.50 on Friday. Global Indemnity Group has a 1-year low of $24.28 and a 1-year high of $30.52. The company has a 50-day moving average of $26.27 and a two-hundred day moving average of $27.48. The company has a market cap of $401.77 million, a PE ratio of 11.96 and a beta of 0.42.

Global Indemnity Group (NASDAQ:GBLI) last posted its quarterly earnings data on Tuesday, May 5th. The insurance provider reported $0.57 earnings per share for the quarter, missing the consensus estimate of $0.60 by ($0.03). The company 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%. As a group, equities research analysts forecast that Global Indemnity Group will post 2.69 earnings per share for the current year.

Global Indemnity Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, June 29th. Stockholders 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 dividend yield of 5.1%. Global Indemnity Group’s payout ratio is currently 60.87%.

Hedge Funds Weigh In On Global Indemnity Group

Hedge funds and other institutional investors have recently bought and sold shares of the business. Franklin Street Advisors Inc. NC bought a new position in shares of Global Indemnity Group in the 2nd quarter worth $368,000. Boston Partners lifted its position in shares of Global Indemnity Group by 9.6% in 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. Maryland Capital Advisors Inc. acquired a new position in Global Indemnity Group during the fourth quarter worth $330,000. Flagship Capital Management Inc. bought a new position in Global Indemnity Group in the fourth quarter valued at $241,000. Finally, Cannell Capital LLC increased its stake in Global Indemnity Group by 1.4% in the 2nd quarter. Cannell Capital LLC now owns 282,313 shares of the insurance provider’s stock valued at $8,853,000 after buying an additional 3,841 shares during the last quarter. 37.40% of the stock is owned by institutional investors.

Global Indemnity Group Company Profile

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.