Global Indemnity PLC (NASDAQ:GBLI) Lowered to Sell at BidaskClub
BidaskClub downgraded shares of Global Indemnity PLC (NASDAQ:GBLI) from a hold rating to a sell rating in a report released on Friday morning.
Shares of Global Indemnity PLC (NASDAQ GBLI) traded down 0.21% during mid-day trading on Friday, reaching $38.68. 440 shares of the company’s stock traded hands. The firm has a 50-day moving average of $39.25 and a 200 day moving average of $38.69. The company has a market cap of $679.22 million, a P/E ratio of 12.37 and a beta of 0.89. Global Indemnity PLC has a 12-month low of $27.60 and a 12-month high of $41.60.
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In other news, Director Joseph W. Brown purchased 2,000 shares of the stock in a transaction dated Thursday, May 11th. The shares were purchased at an average cost of $38.50 per share, with a total value of $77,000.00. Following the completion of the acquisition, the director now owns 6,054 shares in the company, valued at approximately $233,079. The transaction was disclosed in a document filed with the SEC, which is available at this link. Corporate insiders own 53.30% of the company’s stock.
Global Indemnity PLC Company Profile
Global Indemnity Limited is a holding company. The Company, through its subsidiary insurance and reinsurance companies, provides both admitted and non-admitted specialty property and casualty insurance coverages and individual policyholder coverages in the United States, as well as reinsurance across the world.
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