Global Indemnity Group, LLC (NASDAQ:GBLI) Short Interest Up 153.3% in June


Global Indemnity Group, LLC (NASDAQ: GBLI – Get a rating) recorded a sharp increase in short-term interest in the month of June. As of June 30, there was short interest totaling 7,600 shares, an increase of 153.3% from the June 15 total of 3,000 shares. Based on an average daily volume of 10,300 shares, the day-to-cover ratio is currently 0.7 days. Currently, 0.1% of the company’s shares are sold short.

Shares of Global Indemnity Group opened at $27.54 on Friday. The company has a market capitalization of $400.05 million, a price-earnings ratio of 48.32 and a beta of 0.23. The stock has a fifty-day simple moving average of $26.31 and a two-hundred-day simple moving average of $26.17. Global Indemnity Group has a 12-month low of $23.97 and a 12-month high of $27.99. The company has a current ratio of 0.40, a quick ratio of 0.40 and a debt ratio of 0.19.

Global Indemnity Group (NASDAQ: GBLI – Get a rating) last released its quarterly earnings data on Monday, May 9. The insurance provider reported EPS of $0.36 for the quarter. Global Indemnity Group achieved a return on equity of 1.80% and a net margin of 1.39%. The company had revenue of $130.46 million in the quarter.

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The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 30. Investors of record on Monday, June 20 received a dividend of $0.25. This represents an annualized dividend of $1.00 and a dividend yield of 3.63%. The ex-dividend date was Thursday, June 16. Global Indemnity Group’s payout ratio is currently 175.44%.

Separately, began covering Global Indemnity Group in a report on Friday, July 8. They issued a “hold” rating for the company.

Global Compensation Group Insider Activity

In related news, the director Seth Gersch acquired 1,000 shares of Global Indemnity Group in a transaction that took place on Tuesday, May 17. The stock was purchased at an average price of $26.96 per share, with a total value of $26,960.00. Following the transaction, the administrator now directly owns 166,471 shares of the company, valued at $4,488,058.16. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, accessible via this hyperlink. 43.70% of the shares are currently held by insiders of the company.

Institutional exits and entries

Several large investors have recently changed their holdings in GBLI. Cullen Frost Bankers Inc. increased its holdings of Global Indemnity Group shares by 28.6% in the fourth quarter. Cullen Frost Bankers Inc. now owns 9,000 shares of the insurance provider worth $226,000 after acquiring an additional 2,000 shares during the period. Renaissance Technologies LLC increased its holdings of Global Indemnity Group shares by 7.1% in the first quarter. Renaissance Technologies LLC now owns 84,134 shares of the insurance provider worth $2,195,000 after acquiring an additional 5,600 shares during the period. RBF Capital LLC purchased a new stake in shares of Global Indemnity Group in the first quarter at a value of $533,000. Finally, Berkley WR Corp purchased a new equity stake in Global Indemnity Group in the first quarter at a value of $15,427,000. Institutional investors hold 88.18% of the company’s shares.

Global Indemnity Group Company Profile

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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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