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

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Donegal Group Inc. (NASDAQ:DGICB) was the recipient of a large decline in short interest in August. As of August 15th, there was short interest totalling 400 shares, a decline of 66.7% from the July 15th total of 1,200 shares. Based on an average daily trading volume, of 400 shares, the days-to-cover ratio is presently 1.0 days. Currently, 0.1% of the company’s stock are sold short.

Separately, TheStreet upgraded shares of Donegal Group from a “c+” rating to a “b-” rating in a report on Friday, May 31st.

DGICB stock remained flat at $$13.20 during trading on Wednesday. Donegal Group has a fifty-two week low of $11.52 and a fifty-two week high of $14.94. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.44 and a current ratio of 0.44. The company has a market capitalization of $402.86 million, a P/E ratio of 282.00 and a beta of 0.38. The business’s fifty day simple moving average is $13.89 and its 200-day simple moving average is $13.11.

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

The business also recently announced a quarterly dividend, which was paid on Thursday, August 15th. Stockholders of record on Thursday, August 1st were paid a $0.127 dividend. The ex-dividend date of this dividend was Wednesday, July 31st. This represents a $0.51 dividend on an annualized basis and a dividend yield of 3.85%.

An institutional investor recently bought a new position in Donegal Group stock. Janney Montgomery Scott LLC bought a new position in Donegal Group Inc. (NASDAQ:DGICB) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 10,510 shares of the insurance provider’s stock, valued at approximately $137,000. Institutional investors own 1.62% of the company’s stock.

Donegal Group Company Profile

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.

See Also: Oversold

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