Greenlight Capital Re (NASDAQ:GLRE) Lowered to Hold at StockNews.com

Greenlight Capital Re (NASDAQ:GLRE) was downgraded by investment analysts at StockNews.com from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Thursday.

Greenlight Capital Re Trading Up 2.1 %

NASDAQ:GLRE traded up $0.27 on Thursday, reaching $13.01. 84,447 shares of the stock traded hands, compared to its average volume of 75,245. Greenlight Capital Re has a 1-year low of $9.48 and a 1-year high of $13.05. The company’s 50 day moving average is $12.27 and its 200-day moving average is $11.64. The firm has a market capitalization of $460.06 million, a price-to-earnings ratio of 5.47 and a beta of 0.80. The company has a current ratio of 3.29, a quick ratio of 3.29 and a debt-to-equity ratio of 0.12.

Greenlight Capital Re (NASDAQ:GLRE) last posted its quarterly earnings data on Tuesday, March 5th. The financial services provider reported $0.50 earnings per share for the quarter. Greenlight Capital Re had a return on equity of 15.48% and a net margin of 13.32%. The firm had revenue of $143.01 million during the quarter.

Insider Transactions at Greenlight Capital Re

In related news, Director Ian Isaacs sold 9,019 shares of the stock in a transaction on Wednesday, March 27th. The shares were sold at an average price of $12.00, for a total transaction of $108,228.00. Following the transaction, the director now directly owns 87,591 shares of the company’s stock, valued at $1,051,092. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 27.10% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Private Management Group Inc. increased its position in shares of Greenlight Capital Re by 69.0% during the first quarter. Private Management Group Inc. now owns 452,313 shares of the financial services provider’s stock worth $5,640,000 after acquiring an additional 184,620 shares in the last quarter. Lancaster Investment Management bought a new stake in Greenlight Capital Re during the 4th quarter worth approximately $1,256,000. Dimensional Fund Advisors LP raised its stake in shares of Greenlight Capital Re by 5.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,902,489 shares of the financial services provider’s stock worth $21,726,000 after purchasing an additional 104,721 shares during the last quarter. State Board of Administration of Florida Retirement System bought a new position in shares of Greenlight Capital Re in the first quarter valued at approximately $454,000. Finally, Campbell & CO Investment Adviser LLC purchased a new position in shares of Greenlight Capital Re during the fourth quarter valued at approximately $409,000. Institutional investors own 41.52% of the company’s stock.

Greenlight Capital Re Company Profile

Greenlight Capital Re, Ltd., through its subsidiaries, operates as a property and casualty reinsurance company worldwide. The company offers various property reinsurance products and services, including automobile physical damage, personal lines, and commercial lines. It also provides casualty reinsurance products and services comprising general liability, motor liability, professional liability, and worker's compensation; and accident and health, transactional liability, mortgage insurance, surety, trade credit, marine, and energy, as well as other specialty products, such as aviation, crop, cyber, political, and terrorism products.