Greenlight Capital Re (NASDAQ:GLRE) Lowered to Hold Rating by StockNews.com

StockNews.com lowered shares of Greenlight Capital Re (NASDAQ:GLRE) from a buy rating to a hold rating in a research report released on Wednesday morning.

Greenlight Capital Re Trading Up 0.3 %

GLRE stock opened at $14.12 on Wednesday. The firm has a fifty day moving average price of $14.37 and a 200 day moving average price of $13.78. Greenlight Capital Re has a fifty-two week low of $10.96 and a fifty-two week high of $15.82. The firm has a market cap of $491.80 million, a PE ratio of 5.60 and a beta of 0.89. The company has a debt-to-equity ratio of 0.09, a quick ratio of 3.02 and a current ratio of 3.02.

Greenlight Capital Re (NASDAQ:GLRE) last issued its quarterly earnings data on Monday, November 4th. The financial services provider reported $1.01 EPS for the quarter, topping analysts’ consensus estimates 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 during the quarter. During the same period in the previous year, the business earned $0.39 earnings per share.

Institutional Trading of Greenlight Capital Re

Several hedge funds and other institutional investors have recently bought and sold shares of GLRE. Bank of New York Mellon Corp increased its position in Greenlight Capital Re by 15.5% during the second quarter. Bank of New York Mellon Corp now owns 103,273 shares of the financial services provider’s stock valued at $1,353,000 after acquiring an additional 13,897 shares during the last quarter. Rhumbline Advisers raised its stake in shares of Greenlight Capital Re by 6.8% during the second quarter. Rhumbline Advisers now owns 45,874 shares of the financial services provider’s stock valued at $601,000 after acquiring an additional 2,923 shares in the last quarter. American Century Companies Inc. boosted its holdings in shares of Greenlight Capital Re by 36.3% in the second quarter. American Century Companies Inc. now owns 346,777 shares of the financial services provider’s stock valued at $4,543,000 after purchasing an additional 92,364 shares during the period. Dimensional Fund Advisors LP grew its stake in Greenlight Capital Re by 2.4% in the second quarter. Dimensional Fund Advisors LP now owns 2,040,466 shares of the financial services provider’s stock worth $26,730,000 after purchasing an additional 48,317 shares in the last quarter. Finally, Vanguard Personalized Indexing Management LLC purchased a new stake in shares of Greenlight Capital Re in the 2nd quarter worth approximately $138,000. Hedge funds and other institutional investors own 41.52% of the company’s stock.

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.