Global Indemnity (GBLI) Upgraded by BidaskClub to “Hold”

BidaskClub upgraded shares of Global Indemnity (NASDAQ:GBLI) from a sell rating to a hold rating in a research report report published on Tuesday morning.

Shares of NASDAQ:GBLI opened at $34.96 on Tuesday. Global Indemnity has a 52 week low of $31.25 and a 52 week high of $42.24. The company has a quick ratio of 0.25, a current ratio of 0.25 and a debt-to-equity ratio of 0.40. The company has a market capitalization of $491.94 million, a price-to-earnings ratio of 29.31 and a beta of 0.52.

The company also recently announced a quarterly dividend, which will be paid on Friday, March 29th. Shareholders of record on Friday, March 22nd will be paid a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 2.86%. The ex-dividend date is Thursday, March 21st.

In related news, Director James D. Wehr acquired 3,000 shares of the stock in a transaction dated Monday, November 26th. The stock was bought at an average price of $34.14 per share, with a total value of $102,420.00. Following the completion of the transaction, the director now directly owns 3,040 shares of the company’s stock, valued at $103,785.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 41.40% of the stock is currently owned by corporate insiders.

Hedge funds have recently modified their holdings of the company. Ramsey Quantitative Systems bought a new stake in shares of Global Indemnity during the fourth quarter worth $27,000. Citadel Advisors LLC bought a new position in Global Indemnity in the third quarter valued at $326,000. Rhumbline Advisers grew its position in Global Indemnity by 37.7% in the fourth quarter. Rhumbline Advisers now owns 13,449 shares of the insurance provider’s stock valued at $487,000 after purchasing an additional 3,681 shares in the last quarter. Teachers Advisors LLC grew its position in Global Indemnity by 3.5% in the third quarter. Teachers Advisors LLC now owns 15,176 shares of the insurance provider’s stock valued at $572,000 after purchasing an additional 510 shares in the last quarter. Finally, Renaissance Technologies LLC grew its position in Global Indemnity by 7.6% in the second quarter. Renaissance Technologies LLC now owns 117,664 shares of the insurance provider’s stock valued at $4,587,000 after purchasing an additional 8,300 shares in the last quarter. 56.16% of the stock is owned by institutional investors.

Global Indemnity Company Profile

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.

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