Global Indemnity Ltd (NASDAQ:GBLI) Short Interest Update

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Global Indemnity Ltd (NASDAQ:GBLI) saw a large drop in short interest in September. As of September 30th, there was short interest totalling 36,800 shares, a drop of 37.2% from the August 30th total of 58,600 shares. Approximately 0.4% of the company’s stock are sold short. Based on an average daily trading volume, of 12,900 shares, the short-interest ratio is currently 2.9 days.

A number of research analysts recently weighed in on GBLI shares. ValuEngine raised Global Indemnity from a “hold” rating to a “buy” rating in a research report on Wednesday, September 4th. BidaskClub lowered Global Indemnity from a “sell” rating to a “strong sell” rating in a research report on Saturday.

GBLI stock traded down $0.02 on Friday, reaching $24.86. 11,854 shares of the company traded hands, compared to its average volume of 21,162. Global Indemnity has a one year low of $24.21 and a one year high of $41.77. The company has a quick ratio of 0.27, a current ratio of 0.27 and a debt-to-equity ratio of 0.42. The firm has a fifty day simple moving average of $25.77 and a 200-day simple moving average of $28.59.

Global Indemnity (NASDAQ:GBLI) last posted its quarterly earnings data on Wednesday, August 7th. The insurance provider reported $1.02 earnings per share for the quarter. Global Indemnity had a negative return on equity of 2.95% and a negative net margin of 6.57%. The company had revenue of $146.14 million during the quarter.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, October 2nd. Investors of record on Thursday, September 26th were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 4.02%. The ex-dividend date was Wednesday, September 25th.

A number of hedge funds have recently bought and sold shares of GBLI. Vanguard Group Inc. increased its position in Global Indemnity by 2.8% during the 2nd quarter. Vanguard Group Inc. now owns 369,433 shares of the insurance provider’s stock valued at $11,437,000 after buying an additional 10,186 shares in the last quarter. Swiss National Bank increased its position in Global Indemnity by 113.9% during the 2nd quarter. Swiss National Bank now owns 16,900 shares of the insurance provider’s stock valued at $523,000 after buying an additional 9,000 shares in the last quarter. SG Americas Securities LLC bought a new position in Global Indemnity during the 2nd quarter valued at approximately $133,000. Northern Trust Corp increased its position in Global Indemnity by 4.3% during the 2nd quarter. Northern Trust Corp now owns 101,887 shares of the insurance provider’s stock valued at $3,154,000 after buying an additional 4,204 shares in the last quarter. Finally, Boston Partners increased its position in Global Indemnity by 0.5% during the 2nd quarter. Boston Partners now owns 346,752 shares of the insurance provider’s stock valued at $10,502,000 after buying an additional 1,595 shares in the last quarter. 55.57% of the stock is owned by institutional investors.

About Global Indemnity

Global Indemnity Limited, through its subsidiaries, provides insurance and reinsurance products and services in the United States and internationally. The company operates through three segments: Commercial Lines, Personal Lines, and Reinsurance Operations. The Commercial Lines segment distributes property, general liability, casualty, and professional lines products, as well as products for vacant, and under construction and renovation dwellings.

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