Greenlight Capital Re, Ltd. (NASDAQ:GLRE) Short Interest Update

Greenlight Capital Re, Ltd. (NASDAQ:GLRE) was the recipient of a significant growth in short interest during the month of March. As of March 15th, there was short interest totalling 175,500 shares, a growth of 24.3% from the February 28th total of 141,200 shares. Approximately 0.7% of the company’s stock are short sold. Based on an average daily volume of 85,600 shares, the short-interest ratio is currently 2.1 days.

Analyst Ratings Changes

Separately, StockNews.com cut shares of Greenlight Capital Re from a “buy” rating to a “hold” rating in a report on Wednesday, March 12th.

Insider Activity at Greenlight Capital Re

In other Greenlight Capital Re news, insider Brian Joseph Oreilly sold 8,000 shares of the company’s stock in a transaction that occurred on Wednesday, March 26th. The stock was sold at an average price of $14.00, for a total value of $112,000.00. Following the transaction, the insider now directly owns 99,330 shares of the company’s stock, valued at $1,390,620. This represents a 7.45 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 22.79% of the stock is currently owned by company insiders.

Institutional Trading of Greenlight Capital Re

A number of institutional investors and hedge funds have recently modified their holdings of the business. Squarepoint Ops LLC acquired a new position in shares of Greenlight Capital Re in the 4th quarter valued at about $186,000. Two Sigma Advisers LP boosted its stake in Greenlight Capital Re by 139.0% in the fourth quarter. Two Sigma Advisers LP now owns 94,900 shares of the financial services provider’s stock valued at $1,329,000 after acquiring an additional 55,200 shares during the period. Two Sigma Investments LP grew its holdings in shares of Greenlight Capital Re by 41.3% during the fourth quarter. Two Sigma Investments LP now owns 94,212 shares of the financial services provider’s stock valued at $1,319,000 after purchasing an additional 27,519 shares during the last quarter. Millennium Management LLC acquired a new stake in shares of Greenlight Capital Re during the 4th quarter worth approximately $1,341,000. Finally, D. E. Shaw & Co. Inc. lifted its holdings in shares of Greenlight Capital Re by 26.8% in the 4th quarter. D. E. Shaw & Co. Inc. now owns 74,005 shares of the financial services provider’s stock worth $1,036,000 after purchasing an additional 15,645 shares during the last quarter. 41.52% of the stock is owned by institutional investors and hedge funds.

Greenlight Capital Re Stock Performance

Shares of GLRE stock opened at $13.70 on Thursday. The company has a debt-to-equity ratio of 0.09, a quick ratio of 3.02 and a current ratio of 3.02. The stock has a market capitalization of $473.53 million, a price-to-earnings ratio of 5.44 and a beta of 0.86. Greenlight Capital Re has a one year low of $11.93 and a one year high of $15.82. The company’s 50-day simple moving average is $13.54 and its 200-day simple moving average is $13.92.

Greenlight Capital Re (NASDAQ:GLRE) last issued its earnings results on Monday, March 10th. The financial services provider reported ($0.81) EPS for the quarter, missing the consensus estimate of $0.59 by ($1.40). The firm had revenue of $143.76 million during 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.