Short-term stake in Global Indemnity Group, LLC (NASDAQ:GBLI) increases 210.3%

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Global Indemnity Group, LLC (NASDAQ:GBLI) saw a sharp rise in short-term interest during the month of January. As of January 15, there was short interest totaling 12,100 shares, an increase of 210.3% from the December 31 total of 3,900 shares. Based on an average daily volume of 14,000 shares, the short interest rate is currently 0.9 days. Currently, 0.2% of the company’s shares are sold short.

GBLI opened at $26.00 on Friday. The company has a market capitalization of $376.51 million, a PE ratio of 76.47 and a beta of 0.28. The stock has a 50-day moving average of $25.89 and a 200-day moving average of $26.27. Global Indemnity Group has a 52-week minimum of $23.97 and a 52-week maximum of $31.98. The company has a debt ratio of 0.18, a quick ratio of 0.25 and a current ratio of 0.25.

Global Indemnity Group (NASDAQ:GBLI) last released its quarterly results on Tuesday, November 9. The insurance provider reported ($0.50) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.10 per ($0.60). The company posted revenue of $166.99 million for the quarter. Global Indemnity Group posted a negative return on equity of 1.01% and a net margin of 0.83%.

The company also recently announced a quarterly dividend, which was paid on Friday, December 31. Investors of record on Monday, December 20 received a dividend of $0.25 per share. The ex-dividend date was Friday, December 17. This represents an annualized dividend of $1.00 and a yield of 3.85%. The Global Indemnity Group payout ratio is 294.13%.

Separately, director Joseph W. Brown purchased 10,000 shares of the company in a transaction on Monday, November 15. The shares were purchased at an average cost of $26.90 per share, with a total value of $269,000.00. The acquisition was disclosed in a filing with the SEC, which is available via this hyperlink. Additionally, director Bruce R. Lederman purchased 2,000 shares of the company in a transaction dated Monday, Dec. 6. The shares were purchased at an average price of $25.75 per share, with a total value of $51,500.00. Disclosure of this purchase can be found here. In the past ninety days, insiders have acquired 24,000 shares of the company worth $644,940. Insiders hold 43.70% of the shares of the company.

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A number of large investors have recently changed their positions in GBLI. Cullen Frost Bankers Inc. increased its stake in Global Indemnity Group by 40.0% during the 3rd quarter. Cullen Frost Bankers Inc. now owns 7,000 shares of the insurance provider valued at $191,000 after purchasing an additional 2,000 shares during the period. Morgan Stanley increased its position in Global Indemnity Group shares by 56.8% in the second quarter. Morgan Stanley now owns 13,893 shares of the insurance provider worth $375,000 after acquiring an additional 5,032 shares during the period. PEAK6 Investments LLC purchased a new stake in shares of Global Indemnity Group in Q2 for a value of approximately $404,000. Cannell Capital LLC purchased a new stake in shares of Global Indemnity Group in Q3 for a value of approximately $853,000. Finally, Bank of America Corp DE increased its position in Global Indemnity Group shares by 29,282.9% in the second quarter. Bank of America Corp DE now owns 44,662 shares of the insurance provider worth $1,204,000 after acquiring an additional 44,510 shares during the period. Hedge funds and other institutional investors own 95.12% of the company’s shares.

About Global Indemnity Group

Global Indemnity Group LLC is committed to providing diversified insurance and reinsurance services. It operates through the following segments: Commercial Specialty; specialized property; Farm, ranch and stable; and reinsurance operations. The Commercial Specialty segment provides specialty and liability insurance products designed for product lines such as small business binding authority, real estate brokerage, vacant express and programs.

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