Global Indemnity Ltd (NASDAQ:GBLI) Short Interest Update

Global Indemnity Ltd (NASDAQ:GBLI) was the recipient of a significant decrease in short interest in the month of October. As of October 31st, there was short interest totalling 25,800 shares, a decrease of 13.1% from the September 30th total of 29,700 shares. Approximately 0.3% of the shares of the stock are short sold. Based on an average trading volume of 13,200 shares, the short-interest ratio is presently 2.0 days.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in GBLI. Vanguard Group Inc. raised its position in shares of Global Indemnity by 2.8% during the second quarter. Vanguard Group Inc. now owns 369,433 shares of the insurance provider’s stock worth $11,437,000 after purchasing an additional 10,186 shares during the period. Swiss National Bank raised its position in shares of Global Indemnity by 113.9% during the second quarter. Swiss National Bank now owns 16,900 shares of the insurance provider’s stock worth $523,000 after purchasing an additional 9,000 shares during the period. SG Americas Securities LLC acquired a new stake in shares of Global Indemnity during the second quarter worth about $133,000. Northern Trust Corp raised its position in shares of Global Indemnity by 4.3% during the second quarter. Northern Trust Corp now owns 101,887 shares of the insurance provider’s stock worth $3,154,000 after purchasing an additional 4,204 shares during the period. Finally, Boston Partners raised its position in shares of Global Indemnity by 0.5% during the second quarter. Boston Partners now owns 346,752 shares of the insurance provider’s stock worth $10,502,000 after purchasing an additional 1,595 shares during the period. 55.58% of the stock is currently owned by institutional investors.

Shares of GBLI stock traded down $0.16 during trading hours on Friday, hitting $25.84. 19,600 shares of the company’s stock were exchanged, compared to its average volume of 9,534. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.29 and a quick ratio of 0.27. The stock’s 50-day moving average is $25.12 and its 200-day moving average is $27.68. Global Indemnity has a 52 week low of $24.01 and a 52 week high of $41.77.

GBLI has been the topic of a number of analyst reports. ValuEngine upgraded Global Indemnity from a “hold” rating to a “buy” rating in a research report on Wednesday, September 4th. BidaskClub upgraded Global Indemnity from a “sell” rating to a “hold” rating in a research report on Thursday, October 31st.

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.

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