Global Indemnity Group, LLC (NASDAQ:GBLI) Short Interest Update

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

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 research note on Thursday, June 11th. One investment analyst has rated the stock with a Hold rating, According to MarketBeat, the stock has an average rating of “Hold”.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in GBLI. Ameriprise Financial Inc. increased its stake in shares of Global Indemnity Group by 0.9% during the 2nd quarter. Ameriprise Financial Inc. now owns 298,435 shares of the insurance provider’s stock worth $9,359,000 after purchasing an additional 2,565 shares during the last quarter. Cannell Capital LLC raised its holdings in shares of Global Indemnity Group by 1.4% in the 2nd quarter. Cannell Capital LLC now owns 282,313 shares of the insurance provider’s stock worth $8,853,000 after purchasing an additional 3,841 shares during the period. Boston Partners lifted its stake in Global Indemnity Group by 9.6% in the fourth quarter. Boston Partners now owns 150,351 shares of the insurance provider’s stock valued at $4,270,000 after purchasing an additional 13,181 shares during the last quarter. State of Wyoming lifted its stake in Global Indemnity Group by 70.5% in the second quarter. State of Wyoming now owns 4,524 shares of the insurance provider’s stock valued at $142,000 after purchasing an additional 1,870 shares during the last quarter. Finally, Franklin Street Advisors Inc. NC purchased a new position in Global Indemnity Group in the second quarter valued at approximately $368,000. 37.40% of the stock is currently owned by hedge funds and other institutional investors.

Global Indemnity Group Price 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 market capitalization of $401.77 million, a PE ratio of 11.96 and a beta of 0.42. The business has a fifty day moving average price of $26.27 and a two-hundred day moving average price of $27.48.

Global Indemnity Group (NASDAQ:GBLI) last released its earnings results on Tuesday, May 5th. The insurance provider reported $0.57 EPS for the quarter, missing analysts’ consensus estimates of $0.60 by ($0.03). The business had revenue of $109.18 million for the quarter. Global Indemnity Group had a return on equity of 5.81% and a net margin of 7.42%. Sell-side analysts anticipate that Global Indemnity Group will post 2.69 earnings per share for the current year.

Global Indemnity Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 29th. Investors of record on Thursday, June 18th were issued a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a yield of 5.1%. The ex-dividend date was Thursday, June 18th. Global Indemnity Group’s dividend payout ratio (DPR) is 60.87%.

About Global Indemnity Group

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.