Somewhat Positive News Coverage Somewhat Unlikely to Impact Global Indemnity (GBLI) Stock Price

Press coverage about Global Indemnity (NASDAQ:GBLI) has been trending somewhat positive recently, according to Accern Sentiment Analysis. The research firm ranks the sentiment of press coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Global Indemnity earned a daily sentiment score of 0.08 on Accern’s scale. Accern also gave headlines about the insurance provider an impact score of 45.5664539067244 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.

NASDAQ GBLI traded up $0.56 during trading hours on Friday, reaching $39.28. 13,314 shares of the company traded hands, compared to its average volume of 24,825. Global Indemnity has a 12 month low of $32.22 and a 12 month high of $49.91. The company has a market capitalization of $549.01, a price-to-earnings ratio of 99.28 and a beta of 1.05.

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Global Indemnity (NASDAQ:GBLI) last posted its quarterly earnings data on Wednesday, February 28th. The insurance provider reported ($0.39) EPS for the quarter. Global Indemnity had a negative net margin of 1.97% and a positive return on equity of 0.90%. The company had revenue of $124.49 million for the quarter.

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 29th. Shareholders of record on Wednesday, March 21st were issued a dividend of $0.25 per share. The ex-dividend date was Tuesday, March 20th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.55%.

A number of research analysts have commented on the stock. BidaskClub upgraded shares of Global Indemnity from a “strong sell” rating to a “sell” rating in a research note on Tuesday. TheStreet downgraded shares of Global Indemnity from a “b” rating to a “c+” rating in a research note on Thursday, March 1st.

In other Global Indemnity news, Director Bruce R. Lederman bought 1,000 shares of the company’s stock in a transaction on Tuesday, March 6th. The shares were bought at an average cost of $37.19 per share, with a total value of $37,190.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 53.30% of the stock is currently owned by corporate insiders.

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About Global Indemnity

Global Indemnity Limited, through its subsidiaries, provides insurance and reinsurance products and services in the United States and internationally. The company operates through three segments: Commercial Lines, Personal Lines, and Reinsurance Operations. The Commercial Lines segment distributes property, general liability, casualty, and professional lines products, as well as products for vacant, and under construction and renovation dwellings.

Insider Buying and Selling by Quarter for Global Indemnity (NASDAQ:GBLI)

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