Is Buying Baldwin & Lyons Class B (NASDAQ:BWINB), Having Higher Short Interest a Winning Strategy?

September 17, 2017 - By Stephen Andrade

 Is Buying Baldwin & Lyons Class B (NASDAQ:BWINB), Having Higher Short Interest a Winning Strategy?

Investors sentiment decreased to 1.76 in Q4 2016. Its down 1.44, from 3.2 in 2016Q3. It worsened, as 1 investors sold Baldwin & Lyons Inc shares while 24 reduced holdings. 14 funds opened positions while 30 raised stakes. 7.15 million shares or 46.72% less from 13.42 million shares in 2016Q3 were reported.
Eagle Advsr Limited Company has invested 0.01% in Baldwin & Lyons Inc (NASDAQ:BWINB). The Pennsylvania-based Brandywine Glob Mgmt Limited Liability Corporation has invested 0% in Baldwin & Lyons Inc (NASDAQ:BWINB). Blackrock Group reported 4,997 shares or 0% of all its holdings. Parametric Portfolio Associates Limited accumulated 22,855 shares or 0% of the stock. Geode Cap Mngmt Ltd Limited Liability Company invested 0% in Baldwin & Lyons Inc (NASDAQ:BWINB). First Quadrant Limited Partnership Ca holds 0.01% of its portfolio in Baldwin & Lyons Inc (NASDAQ:BWINB) for 13,701 shares. Schwab Charles Mgmt owns 14,950 shares or 0% of their US portfolio. Renaissance Tech Lc reported 437,200 shares. 377,524 were reported by Fairfax Hldgs Ltd Can. 8,600 were accumulated by State Common Retirement Fund. Pub Employees Retirement Association Of Colorado reported 13,700 shares. Blackrock Invest Ltd Liability stated it has 40,088 shares. Royal Bancshares Of Canada stated it has 0% of its portfolio in Baldwin & Lyons Inc (NASDAQ:BWINB). American Intl Grp Inc owns 5,179 shares. Deutsche Commercial Bank Ag invested in 59,456 shares.

The stock of Baldwin & Lyons Class B (NASDAQ:BWINB) registered an increase of 23.75% in short interest. BWINB’s total short interest was 86,500 shares in September as published by FINRA. Its up 23.75% from 69,900 shares, reported previously. With 24,000 shares average volume, it will take short sellers 4 days to cover their BWINB’s short positions. The short interest to Baldwin & Lyons Class B’s float is 0.83%.

The stock decreased 0.66% or $0.15 on September 15, reaching $22.5. About 58,901 shares traded or 73.28% up from the average. Baldwin & Lyons Inc (NASDAQ:BWINB) has declined 3.36% since September 17, 2016 and is downtrending. It has underperformed by 20.06% the S&P500.

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. The company has market cap of $342.16 million. 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. It has a 104.69 P/E ratio. The Company’s divisions include property and casualty insurance, and reinsurance.

More notable recent Baldwin & Lyons Inc (NASDAQ:BWINB) news were published by: Globenewswire.com which released: “Baldwin & Lyons, Inc., Announces Appointment of LoriAnn Lowery-Biggers to …” on September 14, 2017, also Businesswire.com with their article: “AM Best Affirms Credit Ratings of Baldwin & Lyons, Inc. and Its Subsidiaries” published on June 01, 2017, Seekingalpha.com published: “Baldwin & Lyons Recovers From 52-Week Low As It Faces A Near-Impossible Feat” on April 18, 2017. More interesting news about Baldwin & Lyons Inc (NASDAQ:BWINB) were released by: Seekingalpha.com and their article: “Baldwin & Lyons’ (BWINB) CEO Randall Birchfield on Q1 2017 Results – Earnings …” published on May 13, 2017 as well as Seekingalpha.com‘s news article titled: “Baldwin & Lyons’ (BWINB) CEO Randy Birchfield on Q2 2017 Results – Earnings …” with publication date: August 11, 2017.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.