Greenlight Capital Re, Ltd. (GLRE) Upgraded to B- at TheStreet
Separately, Zacks Investment Research lowered Greenlight Capital Re from a buy rating to a hold rating in a report on Tuesday, January 10th.
Greenlight Capital Re (NASDAQ:GLRE) traded down 0.27% during trading on Thursday, hitting $22.04. The company’s stock had a trading volume of 17,486 shares. Greenlight Capital Re has a one year low of $18.79 and a one year high of $24.10. The company has a 50-day moving average of $22.55 and a 200 day moving average of $22.01. The firm has a market cap of $823.55 million, a PE ratio of 18.37 and a beta of 0.66.
Greenlight Capital Re (NASDAQ:GLRE) last posted its earnings results on Wednesday, February 22nd. The company reported $1.31 EPS for the quarter, missing the consensus estimate of $1.52 by $0.21. Greenlight Capital Re had a negative net margin of 10.02% and a negative return on equity of 5.61%. On average, equities analysts forecast that Greenlight Capital Re will post $2.43 earnings per share for the current year.
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A number of institutional investors have recently bought and sold shares of GLRE. Norges Bank bought a new position in Greenlight Capital Re during the fourth quarter valued at about $6,623,000. Renaissance Technologies LLC increased its position in Greenlight Capital Re by 247.2% in the fourth quarter. Renaissance Technologies LLC now owns 174,284 shares of the company’s stock valued at $3,974,000 after buying an additional 124,084 shares in the last quarter. Dimensional Fund Advisors LP increased its position in Greenlight Capital Re by 6.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,635,474 shares of the company’s stock valued at $37,289,000 after buying an additional 105,305 shares in the last quarter. Two Sigma Investments LP bought a new position in Greenlight Capital Re during the fourth quarter valued at about $1,947,000. Finally, Fiduciary Management Inc. WI increased its position in Greenlight Capital Re by 3.4% in the fourth quarter. Fiduciary Management Inc. WI now owns 2,087,450 shares of the company’s stock valued at $47,594,000 after buying an additional 69,510 shares in the last quarter. 43.47% of the stock is currently owned by hedge funds and other institutional investors.
Greenlight Capital Re Company Profile
Greenlight Capital Re, Ltd. is a property and casualty reinsurance holding company. The Company operates through property and casualty reinsurance segment. Its underwriting operations are classified into two categories: frequency business, which is characterized as contracts containing a number of small losses emanating from multiple events, and severity business, which is characterized as contracts with the potential for losses emanating from one event or multiple events.
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