Greenlight Capital Re, Ltd. (NASDAQ:GLRE) Shares Purchased by Martingale Asset Management L P

Martingale Asset Management L P boosted its position in Greenlight Capital Re, Ltd. (NASDAQ:GLRE) by 186.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 84,915 shares of the financial services provider’s stock after buying an additional 55,250 shares during the period. Martingale Asset Management L P owned approximately 0.24% of Greenlight Capital Re worth $1,189,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. R Squared Ltd purchased a new stake in shares of Greenlight Capital Re in the fourth quarter valued at about $29,000. Bfsg LLC lifted its position in Greenlight Capital Re by 13.3% in the fourth quarter. Bfsg LLC now owns 7,405 shares of the financial services provider’s stock valued at $104,000 after purchasing an additional 870 shares during the period. Centiva Capital LP purchased a new stake in Greenlight Capital Re in the 3rd quarter valued at approximately $139,000. Janney Montgomery Scott LLC purchased a new stake in Greenlight Capital Re in the 4th quarter valued at approximately $144,000. Finally, SG Americas Securities LLC increased its position in Greenlight Capital Re by 20.2% during the 4th quarter. SG Americas Securities LLC now owns 11,715 shares of the financial services provider’s stock worth $164,000 after purchasing an additional 1,971 shares during the period. 41.52% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, insider Brian Joseph Oreilly sold 8,000 shares of the stock in a transaction dated Wednesday, March 26th. The shares were sold at an average price of $14.00, for a total value of $112,000.00. Following the sale, the insider now directly owns 99,330 shares of the company’s stock, valued at approximately $1,390,620. This represents a 7.45 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 22.79% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Separately, StockNews.com downgraded Greenlight Capital Re from a “buy” rating to a “hold” rating in a research note on Wednesday, March 12th.

Greenlight Capital Re Stock Performance

NASDAQ:GLRE opened at $13.10 on Friday. The firm’s fifty day simple moving average is $13.43 and its 200-day simple moving average is $13.85. 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 stock has a market cap of $452.79 million, a PE ratio of 5.20 and a beta of 0.66. Greenlight Capital Re, Ltd. has a fifty-two week low of $11.93 and a fifty-two week high of $15.82.

Greenlight Capital Re (NASDAQ:GLRE) last issued its earnings results on Monday, March 10th. The financial services provider reported ($0.81) earnings per share for the quarter, missing the consensus estimate of $0.59 by ($1.40). The company had revenue of $143.76 million for the quarter. Greenlight Capital Re had a return on equity of 13.95% and a net margin of 12.38%.

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.