Global Indemnity Group, LLC (NASDAQ:GBLI) Short Interest Up 104.6% in July

Global Indemnity Group, LLC (NASDAQ:GBLI) was the target of a significant increase in short interest in the month of July. As of July 31st, there was short interest totaling 26,976 shares, an increase of 104.6% from the July 15th total of 13,185 shares. Based on an average daily volume of 3,927 shares, the short-interest ratio is presently 6.9 days. Approximately 0.3% of the company’s shares are sold short.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the company. Clearstead Advisors LLC raised its position in Global Indemnity Group by 190.8% in the 4th quarter. Clearstead Advisors LLC now owns 1,454 shares of the insurance provider’s stock valued at $41,000 after buying an additional 954 shares during the last quarter. State of Wyoming increased its position in shares of Global Indemnity Group by 23.8% in the fourth quarter. State of Wyoming now owns 4,898 shares of the insurance provider’s stock valued at $139,000 after acquiring an additional 942 shares during the last quarter. Franklin Street Advisors Inc. NC bought a new stake in Global Indemnity Group during the second quarter worth about $368,000. Boston Partners raised its stake in shares of Global Indemnity Group by 5.0% during the 3rd quarter. Boston Partners now owns 137,170 shares of the insurance provider’s stock worth $3,985,000 after purchasing an additional 6,552 shares in the last quarter. Finally, Ameriprise Financial Inc. grew its stake in shares of Global Indemnity Group by 0.4% in the third quarter. Ameriprise Financial Inc. now owns 299,626 shares of the insurance provider’s stock valued at $8,704,000 after buying an additional 1,191 shares in the last quarter. 37.40% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, Weiss Ratings lowered shares of Global Indemnity Group from a “hold (c)” rating to a “hold (c-)” rating in a report on Thursday, June 11th. One analyst has rated the stock with a Hold rating, According to MarketBeat.com, the stock currently has a consensus rating of “Hold”.

Global Indemnity Group Price Performance

GBLI traded down $1.23 during trading on Friday, reaching $27.07. The company had a trading volume of 7,893 shares, compared to its average volume of 4,181. The company has a market cap of $395.49 million, a P/E ratio of 11.52 and a beta of 0.41. Global Indemnity Group has a 12 month low of $24.28 and a 12 month high of $30.52. The business’s fifty day moving average price is $26.49 and its 200 day moving average price is $27.42.

Global Indemnity Group (NASDAQ:GBLI) last issued its quarterly earnings data on Wednesday, August 5th. The insurance provider reported $0.59 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.63 by ($0.04). The company had revenue of $116.10 million for the quarter. Global Indemnity Group had a return on equity of 5.56% and a net margin of 7.50%. As a group, sell-side analysts predict that Global Indemnity Group will post 2.68 EPS for the current fiscal year.

Global Indemnity Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 29th. Shareholders 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 5.2%. The ex-dividend date was Thursday, June 18th. Global Indemnity Group’s dividend payout ratio is 59.57%.

Global Indemnity Group Company Profile

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.