Global Indemnity Group, LLC (NASDAQ:GBLI) Position Lifted by Springhouse Capital Management LP

Springhouse Capital Management LP grew its position in shares of Global Indemnity Group, LLC (NASDAQ:GBLIFree Report) by 48.6% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 359,481 shares of the insurance provider’s stock after purchasing an additional 117,610 shares during the period. Global Indemnity Group makes up about 13.5% of Springhouse Capital Management LP’s investment portfolio, making the stock its largest position. Springhouse Capital Management LP owned approximately 2.64% of Global Indemnity Group worth $10,119,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the company. Berkley W R Corp lifted its holdings in Global Indemnity Group by 1.5% in the fourth quarter. Berkley W R Corp now owns 919,661 shares of the insurance provider’s stock worth $21,437,000 after purchasing an additional 13,527 shares during the period. Renaissance Technologies LLC raised its stake in Global Indemnity Group by 7.1% during the first quarter. Renaissance Technologies LLC now owns 84,134 shares of the insurance provider’s stock worth $2,195,000 after acquiring an additional 5,600 shares in the last quarter. Cove Street Capital LLC raised its stake in Global Indemnity Group by 2.1% during the first quarter. Cove Street Capital LLC now owns 81,882 shares of the insurance provider’s stock worth $2,305,000 after acquiring an additional 1,647 shares in the last quarter. Finally, First Republic Investment Management Inc. acquired a new stake in shares of Global Indemnity Group in the second quarter valued at $259,000. Hedge funds and other institutional investors own 37.69% of the company’s stock.

Global Indemnity Group Stock Performance

Shares of GBLI stock remained flat at $35.18 during midday trading on Tuesday. The company’s stock had a trading volume of 39 shares, compared to its average volume of 9,886. The company has a 50-day simple moving average of $34.35 and a 200 day simple moving average of $30.87. Global Indemnity Group, LLC has a 1 year low of $20.52 and a 1 year high of $37.00. The firm has a market cap of $475.74 million, a price-to-earnings ratio of 13.58 and a beta of 0.43.

Global Indemnity Group (NASDAQ:GBLIGet Free Report) last posted its quarterly earnings results on Tuesday, August 8th. The insurance provider reported $0.50 EPS for the quarter, missing analysts’ consensus estimates of $0.58 by ($0.08). The business had revenue of $141.89 million for the quarter, compared to the consensus estimate of $146.00 million. Global Indemnity Group had a net margin of 5.90% and a return on equity of 3.59%. As a group, research analysts forecast that Global Indemnity Group, LLC will post 2.34 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on GBLI shares. TheStreet raised Global Indemnity Group from a “c+” rating to a “b+” rating in a research report on Wednesday, May 31st. StockNews.com upgraded Global Indemnity Group from a “hold” rating to a “buy” rating in a research report on Monday, August 28th.

Get Our Latest Research Report on GBLI

Global Indemnity Group Profile

(Free Report)

Global Indemnity Group, LLC, through its subsidiaries, provides specialty property and casualty insurance, and reinsurance products worldwide. It operates in two segments, Commercial Specialty and Reinsurance Operations. The Commercial Specialty segment distributes property and casualty insurance products; and general liability products for small commercial businesses through a network of wholesale general agents.

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Institutional Ownership by Quarter for Global Indemnity Group (NASDAQ:GBLI)

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