Wilmington Savings Fund Society FSB Invests $1.19 Million in Greenlight Capital Re, Ltd. (NASDAQ:GLRE)

Wilmington Savings Fund Society FSB bought a new stake in shares of Greenlight Capital Re, Ltd. (NASDAQ:GLRE) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 87,000 shares of the financial services provider’s stock, valued at approximately $1,188,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. CWM LLC increased its holdings 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 acquiring an additional 1,005 shares in the last quarter. Bfsg LLC increased its stake in Greenlight Capital Re by 25.8% during the 3rd quarter. Bfsg LLC now owns 6,535 shares of the financial services provider’s stock valued at $89,000 after purchasing an additional 1,340 shares in the last quarter. Martingale Asset Management L P raised its holdings in shares of Greenlight Capital Re by 5.0% in the third quarter. Martingale Asset Management L P now owns 29,665 shares of the financial services provider’s stock worth $405,000 after buying an additional 1,422 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake in shares of Greenlight Capital Re by 3.1% during the third quarter. Charles Schwab Investment Management Inc. now owns 77,154 shares of the financial services provider’s stock worth $1,053,000 after buying an additional 2,318 shares during the period. Finally, Ridgewood Investments LLC purchased a new stake in shares of Greenlight Capital Re during the second quarter valued at $37,000. 41.52% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Greenlight Capital Re

In other news, Director Ian Isaacs sold 7,159 shares of the company’s stock in a transaction dated Friday, September 27th. The stock was sold at an average price of $13.81, for a total value of $98,865.79. Following the sale, the director now owns 86,984 shares in the company, valued at $1,201,249.04. This represents a 7.60 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 22.79% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Separately, StockNews.com upgraded Greenlight Capital Re from a “hold” rating to a “buy” rating in a research note on Friday, November 8th.

Greenlight Capital Re Trading Down 1.8 %

Greenlight Capital Re stock opened at $14.63 on Friday. Greenlight Capital Re, Ltd. has a 52 week low of $10.80 and a 52 week high of $15.82. The stock has a 50-day moving average price of $14.31 and a 200 day moving average price of $13.62. The company has a quick ratio of 3.02, a current ratio of 3.02 and a debt-to-equity ratio of 0.09. The company has a market capitalization of $509.56 million, a price-to-earnings ratio of 5.81 and a beta of 0.88.

Greenlight Capital Re (NASDAQ:GLRE) last released its quarterly earnings data on Monday, November 4th. The financial services provider reported $1.01 EPS for the quarter, beating the consensus estimate of $0.65 by $0.36. Greenlight Capital Re had a net margin of 12.38% and a return on equity of 13.95%. The business had revenue of $188.01 million for the quarter. During the same period last year, the company earned $0.39 earnings per share.

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.