California Public Employees Retirement System Grows Holdings in Greenlight Capital Re, Ltd. (NASDAQ:GLRE)

California Public Employees Retirement System raised its holdings in shares of Greenlight Capital Re, Ltd. (NASDAQ:GLRE) by 18.7% in the 3rd quarter, Holdings Channel reports. The firm owned 37,840 shares of the financial services provider’s stock after purchasing an additional 5,957 shares during the quarter. California Public Employees Retirement System’s holdings in Greenlight Capital Re were worth $397,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in GLRE. Bank of Montreal Can boosted its stake in shares of Greenlight Capital Re by 290.7% during the second quarter. Bank of Montreal Can now owns 3,137 shares of the financial services provider’s stock valued at $27,000 after purchasing an additional 2,334 shares during the period. United Services Automobile Association purchased a new position in Greenlight Capital Re in the 2nd quarter worth about $174,000. UBS Asset Management Americas Inc. lifted its holdings in Greenlight Capital Re by 133.9% during the 2nd quarter. UBS Asset Management Americas Inc. now owns 37,917 shares of the financial services provider’s stock valued at $322,000 after buying an additional 21,707 shares in the last quarter. Poehling Capital Management LLC lifted its holdings in Greenlight Capital Re by 6.1% during the 2nd quarter. Poehling Capital Management LLC now owns 47,928 shares of the financial services provider’s stock valued at $407,000 after buying an additional 2,765 shares in the last quarter. Finally, Symons Capital Management Inc. boosted its position in Greenlight Capital Re by 98.6% in the 2nd quarter. Symons Capital Management Inc. now owns 50,330 shares of the financial services provider’s stock valued at $427,000 after buying an additional 24,985 shares during the period. Institutional investors and hedge funds own 50.36% of the company’s stock.

Shares of NASDAQ:GLRE opened at $10.04 on Friday. Greenlight Capital Re, Ltd. has a 52-week low of $8.03 and a 52-week high of $12.60. The business’s 50 day moving average is $10.43 and its 200 day moving average is $9.72. The company has a debt-to-equity ratio of 0.18, a current ratio of 3.22 and a quick ratio of 3.22.

A number of brokerages have commented on GLRE. BidaskClub downgraded shares of Greenlight Capital Re from a “sell” rating to a “strong sell” rating in a research note on Tuesday, October 15th. ValuEngine lowered shares of Greenlight Capital Re from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, October 2nd.

Greenlight Capital Re Profile

Greenlight Capital Re, Ltd., through its subsidiaries, operates as a property and casualty reinsurer worldwide. The company offers various property reinsurance products and services, including automobile physical damage; personal lines, such as homeowners' insurance; 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, mortgage insurance, surety, trade credit, marine, aviation, energy, cyber, and terrorism products.

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Institutional Ownership by Quarter for Greenlight Capital Re (NASDAQ:GLRE)

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