The stock of Baldwin & Lyons Class B (NASDAQ:BWINB) registered an increase of 4.26% in short interest. BWINB’s total short interest was 185,800 shares in March as published by FINRA. Its up 4.26% from 178,200 shares, reported previously. With 27,900 shares average volume, it will take short sellers 7 days to cover their BWINB’s short positions. The short interest to Baldwin & Lyons Class B’s float is 2%. The stock increased 0.41% or $0.1 during the last trading session, hitting $24.74. About 43,220 shares traded hands or 55.03% up from the average. Baldwin & Lyons Inc (NASDAQ:BWINB) has risen 7.55% since August 12, 2015 and is uptrending. It has outperformed by 9.73% the S&P500.
Baldwin & Lyons, Inc. , through its divisions and subsidiaries, is engaged in marketing and underwriting property and casualty insurance, including the assumption of property and casualty risks, as a reinsurer of other companies. The company has a market cap of $369.27 million. The Firm operates in two divisions: property and casualty insurance segment and reinsurance segment. It has 15.96 P/E ratio. The property and casualty insurance segment provides multiple line insurance coverage primarily to fleet transportation companies and to independent contractors who contract with fleet transportation companies, as well as individual personal automobile coverage, professional liability coverages and business owners’ and commercial property policies.
The institutional sentiment decreased to 1 in 2015 Q3. Its down 0.50, from 1.5 in 2015Q2. The ratio fall, as 2 funds sold all Baldwin & Lyons Inc shares owned while 23 reduced positions. 4 funds bought stakes while 21 increased positions. They now own 13.48 million shares or 104.33% more from 6.60 million shares in 2015Q2.
Intrepid Capital Management Inc holds 4.52% of its portfolio in Baldwin & Lyons Inc for 599,959 shares. Fairfax Financial Holdings Ltd Can owns 969,875 shares or 1.95% of their US portfolio. Moreover, Cove Street Capital Llc has 1.31% invested in the company for 456,992 shares. The Illinois-based Perritt Capital Management Inc has invested 0.91% in the stock. Morgan Dempsey Capital Management Llc, a Wisconsin-based fund reported 83,638 shares.
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