Greenlight Capital Re (NASDAQ:GLRE) Stock Price Passes Above 200 Day Moving Average of $12.11

Greenlight Capital Re, Ltd. (NASDAQ:GLRE)’s stock price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $12.11 and traded as high as $13.01. Greenlight Capital Re shares last traded at $12.76, with a volume of 44,834 shares trading hands.

Analyst Ratings Changes

Separately, StockNews.com cut Greenlight Capital Re from a “buy” rating to a “hold” rating in a report on Friday, May 17th.

Greenlight Capital Re Trading Up 0.9 %

The business’s 50-day simple moving average is $12.84 and its two-hundred day simple moving average is $12.11. The firm has a market capitalization of $459.51 million, a price-to-earnings ratio of 4.31 and a beta of 0.77. The company has a quick ratio of 3.09, a current ratio of 3.09 and a debt-to-equity ratio of 0.12.

Greenlight Capital Re (NASDAQ:GLRE) last posted its quarterly earnings data on Wednesday, May 8th. The financial services provider reported $0.78 earnings per share for the quarter. The firm had revenue of $182.89 million during the quarter. Greenlight Capital Re had a net margin of 15.69% and a return on equity of 18.32%.

Institutional Investors Weigh In On Greenlight Capital Re

A number of institutional investors have recently modified their holdings of the company. Price T Rowe Associates Inc. MD boosted its holdings in Greenlight Capital Re by 3.5% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 38,958 shares of the financial services provider’s stock valued at $486,000 after acquiring an additional 1,323 shares during the period. BNP Paribas Financial Markets lifted its position in shares of Greenlight Capital Re by 2.9% during the first quarter. BNP Paribas Financial Markets now owns 51,052 shares of the financial services provider’s stock worth $637,000 after purchasing an additional 1,418 shares in the last quarter. Bfsg LLC boosted its stake in shares of Greenlight Capital Re by 161.9% in the first quarter. Bfsg LLC now owns 4,610 shares of the financial services provider’s stock valued at $57,000 after purchasing an additional 2,850 shares during the period. SG Americas Securities LLC grew its holdings in shares of Greenlight Capital Re by 26.8% in the fourth quarter. SG Americas Securities LLC now owns 14,095 shares of the financial services provider’s stock valued at $161,000 after purchasing an additional 2,978 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC increased its stake in Greenlight Capital Re by 40.4% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 11,521 shares of the financial services provider’s stock worth $132,000 after buying an additional 3,315 shares during the period. 41.52% of the stock is owned by institutional investors and hedge funds.

About Greenlight Capital Re

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.