Donegal Mutual Insurance Co Purchased 7,000 Shares of Donegal Group Inc. (DGICB); Shorts at Genco Shipping & Trading Limited Ordinary Shares N (GNK) Raised By 0.11%

Genco Shipping & Trading Limited Ordinary Shares N (NYSE:GNK) had an increase of 0.11% in short interest. GNK’s SI was 367,200 shares in May as released by FINRA. Its up 0.11% from 366,800 shares previously. With 150,600 avg volume, 2 days are for Genco Shipping & Trading Limited Ordinary Shares N (NYSE:GNK)’s short sellers to cover GNK’s short positions. The SI to Genco Shipping & Trading Limited Ordinary Shares N’s float is 4.53%. The stock increased 3.18% or $0.51 during the last trading session, reaching $16.59. About 34,401 shares traded. Genco Shipping & Trading Limited (NYSE:GNK) has risen 34.54% since May 2, 2017 and is uptrending. It has outperformed by 22.99% the S&P500.

Investors sentiment increased to 2.69 in Q4 2017. Its up 1.86, from 0.83 in 2017Q3. It is positive, as 4 investors sold Donegal Group Inc. shares while 12 reduced holdings. 18 funds opened positions while 25 raised stakes. 8.51 million shares or 8.69% more from 7.83 million shares in 2017Q3 were reported. Dimensional Fund Lp holds 1.70M shares or 0.01% of its portfolio. Morgan Stanley reported 62,347 shares. Amer Intl Group stated it has 0% of its portfolio in Donegal Group Inc. (NASDAQ:DGICB). New York-based Bank Of New York Mellon Corporation has invested 0% in Donegal Group Inc. (NASDAQ:DGICB). The North Carolina-based Retail Bank Of America De has invested 0% in Donegal Group Inc. (NASDAQ:DGICB). Renaissance Technologies Ltd Liability Corporation stated it has 0.01% in Donegal Group Inc. (NASDAQ:DGICB). Deprince Race & Zollo Incorporated reported 0.11% of its portfolio in Donegal Group Inc. (NASDAQ:DGICB). Wells Fargo & Co Mn invested 0% in Donegal Group Inc. (NASDAQ:DGICB). Bridgeway Management has invested 0.03% in Donegal Group Inc. (NASDAQ:DGICB). 28,933 were reported by Globeflex Capital L P. Jpmorgan Chase & owns 0% invested in Donegal Group Inc. (NASDAQ:DGICB) for 5,661 shares. Denali Limited Company invested in 284 shares or 0% of the stock. Virginia-based Bb&T Securities Ltd Liability Corporation has invested 0.01% in Donegal Group Inc. (NASDAQ:DGICB). 31,446 are held by Schwab Charles Mngmt Incorporated. Bailard Inc accumulated 0.02% or 19,300 shares.

Donegal Group Inc., an insurance holding company, provides property and casualty insurance to businesses and individuals in the Mid-Atlantic, Midwestern, New England, and southern states. The company has market cap of $391.78 million. It operates through four divisions: Investment Function, Personal Lines of Insurance, Commercial Lines of Insurance, and Investment in DFSC. It has a 55.95 P/E ratio. The firm offers private passenger automobile policies that provide protection against liability for bodily injury and property damage arising from automobile accidents, as well as protection against loss from damage to automobiles.

It closed at $14.1 lastly. It is up 33.00% since May 2, 2017 and is downtrending. It has underperformed by 44.55% the S&P500.

Judging by the purchase Donegal Mutual Insurance Co made, its in in the stock market eye today. The insider of Donegal Group Inc, invested in 7,000 shares worth $147,000 US Dollars. The average cost was $21.0 per share. Presently, Donegal Mutual Insurance Co owns 9.85 million shares which are equivalent to roughly 35.45% of Donegal Group Inc’s market capitalization.

Among 7 analysts covering Genco Shipping & Trading Limited (NYSE:GNK), 6 have Buy rating, 0 Sell and 1 Hold. Therefore 86% are positive. Genco Shipping & Trading Limited had 20 analyst reports since October 23, 2015 according to SRatingsIntel. Jefferies maintained Genco Shipping & Trading Limited (NYSE:GNK) on Monday, October 30 with “Buy” rating. The rating was upgraded by Morgan Stanley on Tuesday, March 28 to “Equal-Weight”. As per Monday, April 16, the company rating was initiated by Deutsche Bank. The stock of Genco Shipping & Trading Limited (NYSE:GNK) earned “Buy” rating by Jefferies on Monday, July 17. The rating was maintained by Morgan Stanley with “Equal-Weight” on Monday, February 12. The firm earned “Underweight” rating on Tuesday, December 15 by Morgan Stanley. As per Monday, August 28, the company rating was maintained by Jefferies. The firm has “Buy” rating given on Wednesday, February 28 by Seaport Global. The stock of Genco Shipping & Trading Limited (NYSE:GNK) earned “Buy” rating by Seaport Global on Wednesday, May 10. The firm earned “Equal-Weight” rating on Tuesday, April 17 by Morgan Stanley.

Donegal Group Inc. (NASDAQ:DGICB) Institutional Positions Chart