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

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Global Indemnity Group, LLC (NASDAQ: GBLIGet a rating) benefited from significant growth in short-term interest during the month of April. As of April 15, there were short interests totaling 9,200 shares, up 91.7% from the March 31 total of 4,800 shares. Approximately 0.1% of the company’s shares are sold short. Based on an average daily volume of 8,800 shares, the short-term interest rate ratio is currently 1.0 day.

A number of institutional investors have recently increased or reduced their stake in GBLI. Cullen Frost Bankers Inc. increased its stake in Global Indemnity Group by 40.0% during the third quarter. Cullen Frost Bankers Inc. now owns 7,000 shares of the insurance provider worth $191,000 after acquiring an additional 2,000 shares during the period. Renaissance Technologies LLC increased its position in Global Indemnity Group by 6.4% in the fourth quarter. Renaissance Technologies LLC now owns 78,534 shares of the insurance provider valued at $1,974,000 after purchasing an additional 4,700 shares during the period. Morgan Stanley increased its position in Global Indemnity Group by 56.8% in the second quarter. Morgan Stanley now owns 13,893 shares of the insurance provider valued at $375,000 after buying an additional 5,032 shares during the period. Finally, Cannell Capital LLC acquired a new position in Global Indemnity Group during Q3 worth $853,000. Institutional investors hold 88.11% of the company’s shares.

GBLI has been the subject of several recent research reports. StockNews.com launched coverage on Global Indemnity Group in a research report on Wednesday. They set a “holding” rating for the company. TheStreet upgraded Global Indemnity Group from a “c” rating to a “b-” rating in a Friday, March 11 research note.

NASDAQ: GBLI opened at $25.94 on Friday. The stock’s fifty-day moving average is $26.15 and its 200-day moving average is $26.04. Global Indemnity Group has a fifty-two week minimum of $23.97 and a fifty-two week maximum of $31.98. The company has a market capitalization of $375.64 million, a PE ratio of 13.17 and a beta of 0.23. The company has a debt ratio of 0.18, a quick ratio of 0.28 and a current ratio of 0.28.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 31. Investors of record on Monday, March 21 received a dividend of $0.25 per share. This represents a dividend of $1.00 on an annualized basis and a dividend yield of 3.86%. The ex-dividend date was Friday, March 18. Global Indemnity Group’s dividend payout ratio (DPR) is currently 50.76%.

About Global Indemnity Group (Get a rating)

Global Indemnity Group, LLC, through its subsidiaries, provides specialty property and casualty insurance and reinsurance products worldwide. It operates through Commercial Specialty; Farm, ranch and stable; and the reinsurance operations segments. The Commercial Specialty segment distributes property and casualty, general liability, accident and professional insurance products.

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