Greenlight Capital Re (NASDAQ:GLRE) Downgraded to “Hold” Rating by 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 note issued to investors on Thursday.

Greenlight Capital Re Stock Down 0.3 %

Shares of GLRE traded down $0.04 during trading hours on Thursday, hitting $13.48. The stock had a trading volume of 99,845 shares, compared to its average volume of 82,401. Greenlight Capital Re has a 1-year low of $10.49 and a 1-year high of $14.31. The firm has a market capitalization of $476.13 million, a P/E ratio of 4.51 and a beta of 0.85. The firm has a 50 day simple moving average of $13.73 and a 200-day simple moving average of $13.18. The company has a debt-to-equity ratio of 0.10, a current ratio of 3.00 and a quick ratio of 3.00.

Greenlight Capital Re (NASDAQ:GLRE) last announced its quarterly earnings data on Tuesday, August 6th. The financial services provider reported $0.23 EPS for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.02). The firm had revenue of $174.86 million during the quarter. Greenlight Capital Re had a net margin of 9.60% and a return on equity of 10.88%.

Insider Buying and Selling at Greenlight Capital Re

In other Greenlight Capital Re news, Director Ian Isaacs sold 7,159 shares of the firm’s stock in a transaction on Friday, September 27th. The shares were sold at an average price of $13.81, for a total value of $98,865.79. Following the transaction, the director now directly owns 86,984 shares of the company’s stock, valued at approximately $1,201,249.04. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 22.79% of the stock is currently owned by company insiders.

Institutional Trading of Greenlight Capital Re

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. CWM LLC boosted its position in shares of Greenlight Capital Re by 37.3% during the second quarter. CWM LLC now owns 3,702 shares of the financial services provider’s stock valued at $48,000 after buying an additional 1,005 shares during the last quarter. 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 worth $486,000 after acquiring an additional 1,323 shares during the last quarter. Bfsg LLC grew its stake in shares of Greenlight Capital Re by 25.8% in the 3rd quarter. Bfsg LLC now owns 6,535 shares of the financial services provider’s stock worth $89,000 after acquiring an additional 1,340 shares in the last quarter. BNP Paribas Financial Markets raised its holdings in shares of Greenlight Capital Re by 2.9% in the first quarter. BNP Paribas Financial Markets now owns 51,052 shares of the financial services provider’s stock valued at $637,000 after purchasing an additional 1,418 shares during the last quarter. Finally, Ridgewood Investments LLC bought a new position in shares of Greenlight Capital Re during the second quarter valued at about $37,000. 41.52% of the stock is owned by institutional investors.

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.