Global Indemnity (NASDAQ:GBLI) Stock Price Crosses Above 200 Day Moving Average of $31.17

Shares of Global Indemnity Ltd (NASDAQ:GBLI) passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $31.17 and traded as high as $27.84. Global Indemnity shares last traded at $27.72, with a volume of 72 shares.

Separately, BidaskClub upgraded shares of Global Indemnity from a “sell” rating to a “hold” rating in a report on Friday, August 2nd.

The firm’s fifty day moving average price is $27.93 and its 200 day moving average price is $31.17. The company has a quick ratio of 0.27, a current ratio of 0.27 and a debt-to-equity ratio of 0.42.

Several hedge funds have recently modified their holdings of the company. Bank of Montreal Can lifted its holdings in shares of Global Indemnity by 142.3% in the 2nd quarter. Bank of Montreal Can now owns 1,112 shares of the insurance provider’s stock worth $34,000 after acquiring an additional 653 shares during the last quarter. Charles Schwab Investment Management Inc. increased its stake in Global Indemnity by 3.5% during the 2nd quarter. Charles Schwab Investment Management Inc. now owns 34,630 shares of the insurance provider’s stock worth $1,073,000 after buying an additional 1,164 shares during the period. BNP Paribas Arbitrage SA increased its stake in Global Indemnity by 658.2% during the 1st quarter. BNP Paribas Arbitrage SA now owns 1,759 shares of the insurance provider’s stock worth $53,000 after buying an additional 1,527 shares during the period. Geode Capital Management LLC increased its stake in Global Indemnity by 4.7% during the 4th quarter. Geode Capital Management LLC now owns 87,944 shares of the insurance provider’s stock worth $3,186,000 after buying an additional 3,961 shares during the period. Finally, Northern Trust Corp increased its stake in Global Indemnity by 4.3% during the 2nd quarter. Northern Trust Corp now owns 101,887 shares of the insurance provider’s stock worth $3,154,000 after buying an additional 4,204 shares during the period. Hedge funds and other institutional investors own 55.81% of the company’s stock.

Global Indemnity Company Profile (NASDAQ:GBLI)

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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