Greenlight Capital Re (GLRE) Receiving Favorable Press Coverage, Analysis Shows

News headlines about Greenlight Capital Re (NASDAQ:GLRE) have been trending positive this week, Alpha One Sentiment reports. The research group, a unit of Accern, identifies positive and negative media coverage by monitoring more than 20 million blog and news sources in real time. Alpha One ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Greenlight Capital Re earned a news sentiment score of 0.31 on Alpha One’s scale. Alpha One also gave media stories about the financial services provider an impact score of 0 out of 100, indicating that recent media coverage is extremely unlikely to have an effect on the company’s share price in the near term.

A number of analysts recently weighed in on GLRE shares. TheStreet upgraded Greenlight Capital Re from a “c-” rating to a “b-” rating in a research report on Thursday, March 16th. Zacks Investment Research raised Greenlight Capital Re from a “strong sell” rating to a “hold” rating in a research note on Monday, May 8th.

Greenlight Capital Re (NASDAQ:GLRE) opened at 19.85 on Friday. The firm has a 50-day moving average price of $21.22 and a 200-day moving average price of $22.27. The stock has a market capitalization of $743.14 million, a PE ratio of 30.59 and a beta of 0.66. Greenlight Capital Re has a 52 week low of $18.79 and a 52 week high of $24.10.

Greenlight Capital Re (NASDAQ:GLRE) last released its quarterly earnings data on Wednesday, February 22nd. The financial services provider reported $1.31 EPS for the quarter, missing analysts’ consensus estimates 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%. The business had revenue of $188.74 million during the quarter, compared to analyst estimates of $184.60 million. Equities research analysts predict that Greenlight Capital Re will post $2.14 EPS for the current fiscal year.

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Greenlight Capital Re Company Profile

Greenlight Capital Re, Ltd. is a holding company. The Company analyzes its underwriting operations using 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 significant losses emanating from one event or multiple events.

12 Month Chart for NASDAQ:GLRE

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