Cannell Capital LLC Buys 46,167 Shares of Global Indemnity Group, LLC (NASDAQ:GBLI)

Cannell Capital LLC increased its holdings in Global Indemnity Group, LLC (NASDAQ:GBLI - Free Report) by 23.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 245,934 shares of the insurance provider's stock after purchasing an additional 46,167 shares during the quarter. Global Indemnity Group accounts for 1.8% of Cannell Capital LLC's investment portfolio, making the stock its 21st biggest position. Cannell Capital LLC owned 1.80% of Global Indemnity Group worth $8,854,000 as of its most recent SEC filing.

Separately, Huber Capital Management LLC bought a new position in shares of Global Indemnity Group during the fourth quarter valued at about $232,000. Institutional investors own 37.40% of the company's stock.

Global Indemnity Group Stock Down 0.2 %

Shares of Global Indemnity Group stock traded down $0.05 on Friday, hitting $29.96. The stock had a trading volume of 3,143 shares, compared to its average volume of 3,652. The stock's 50-day simple moving average is $34.41 and its two-hundred day simple moving average is $34.79. Global Indemnity Group, LLC has a one year low of $28.75 and a one year high of $37.00. The stock has a market cap of $427.10 million, a price-to-earnings ratio of 10.29 and a beta of 0.29.

Global Indemnity Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Friday, March 21st were given a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a dividend yield of 4.67%. The ex-dividend date was Friday, March 21st. Global Indemnity Group's payout ratio is 44.87%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com started coverage on Global Indemnity Group in a report on Tuesday, April 8th. They set a "buy" rating for the company.

Insider Activity

In other Global Indemnity Group news, CEO Praveen Kotha Reddy bought 1,500 shares of the firm's stock in a transaction that occurred on Friday, March 14th. The stock was bought at an average price of $35.96 per share, for a total transaction of $53,940.00. Following the completion of the acquisition, the chief executive officer now directly owns 1,500 shares in the company, valued at $53,940. The trade was a ∞ increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 52.80% of the company's stock.

Global Indemnity Group Profile

Global Indemnity Group, LLC, through its subsidiaries, provides specialty property and casualty insurance, and reinsurance products worldwide. It operates in two segments, Penn-America and Non-Core Operations. The company distributes property and general liability products for small commercial businesses through a network of wholesale general agents; and property and general liability niche products through program administrators with specific binding authority.