Baldwin & Lyons, Inc. (NASDAQ:BWINB) Stake Decreased by Morgan Dempsey Capital Management LLC
Morgan Dempsey Capital Management LLC reduced its position in Baldwin & Lyons, Inc. (NASDAQ:BWINB) by 4.0% during the second quarter, Holdings Channel reports. The firm owned 18,758 shares of the insurance provider’s stock after selling 776 shares during the period. Morgan Dempsey Capital Management LLC’s holdings in Baldwin & Lyons were worth $460,000 as of its most recent SEC filing.
Separately, Russell Investments Group Ltd. increased its position in shares of Baldwin & Lyons by 9.3% in the second quarter. Russell Investments Group Ltd. now owns 11,050 shares of the insurance provider’s stock worth $271,000 after buying an additional 943 shares during the period. Hedge funds and other institutional investors own 46.06% of the company’s stock.
Baldwin & Lyons, Inc. (BWINB) opened at 23.45 on Thursday. The company’s 50 day moving average is $24.08 and its 200-day moving average is $24.12. The firm has a market cap of $354.19 million, a P/E ratio of 16.40 and a beta of 0.84. Baldwin & Lyons, Inc. has a 52-week low of $22.60 and a 52-week high of $27.70.
Baldwin & Lyons (NASDAQ:BWINB) last issued its earnings results on Wednesday, May 10th. The insurance provider reported $0.18 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.45 by $0.27. Baldwin & Lyons had a return on equity of 2.03% and a net margin of 6.68%. The firm had revenue of $84.94 million during the quarter. On average, equities analysts predict that Baldwin & Lyons, Inc. will post $1.40 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 5th. Investors of record on Tuesday, August 22nd will be issued a $0.27 dividend. This represents a $1.08 annualized dividend and a yield of 4.61%. The ex-dividend date is Friday, August 18th. Baldwin & Lyons’s dividend payout ratio (DPR) is currently 75.00%.
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Separately, BidaskClub downgraded shares of Baldwin & Lyons from a “sell” rating to a “strong sell” rating in a research report on Monday, July 24th.
About Baldwin & Lyons
Baldwin & Lyons, Inc is a specialty property-casualty insurer providing liability coverage for large and medium-sized trucking and public transportation fleets, as well as coverage for trucking industry independent contractors. Through its divisions and subsidiaries, the Company engages in marketing and underwriting property and casualty insurance, including a limited assumption of risks as a reinsurer of other companies.
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