Janney Montgomery Scott LLC Makes New $144,000 Investment in Greenlight Capital Re, Ltd. (NASDAQ:GLRE)

Janney Montgomery Scott LLC acquired a new position in shares of Greenlight Capital Re, Ltd. (NASDAQ:GLRE) in the fourth quarter, according to its most recent disclosure with the SEC. The firm acquired 10,307 shares of the financial services provider’s stock, valued at approximately $144,000.

A number of other large investors have also modified their holdings of GLRE. Private Management Group Inc. increased its stake in Greenlight Capital Re by 27.8% in the 3rd quarter. Private Management Group Inc. now owns 793,544 shares of the financial services provider’s stock valued at $10,832,000 after purchasing an additional 172,523 shares in the last quarter. State Street Corp increased its position in Greenlight Capital Re by 1.1% during the third quarter. State Street Corp now owns 575,930 shares of the financial services provider’s stock worth $7,861,000 after buying an additional 6,319 shares in the last quarter. CWA Asset Management Group LLC purchased a new position in Greenlight Capital Re during the third quarter worth $4,972,000. Wilmington Savings Fund Society FSB purchased a new position in Greenlight Capital Re during the third quarter worth $1,188,000. Finally, Charles Schwab Investment Management Inc. increased its position in Greenlight Capital Re by 3.1% during the third quarter. Charles Schwab Investment Management Inc. now owns 77,154 shares of the financial services provider’s stock worth $1,053,000 after buying an additional 2,318 shares in the last quarter. 41.52% of the stock is owned by hedge funds and other institutional investors.

Greenlight Capital Re Price Performance

Shares of Greenlight Capital Re stock opened at $13.45 on Friday. Greenlight Capital Re, Ltd. has a twelve month low of $11.34 and a twelve month high of $15.82. The stock has a market capitalization of $468.46 million, a P/E ratio of 5.34 and a beta of 0.88. The company has a current ratio of 3.02, a quick ratio of 3.02 and a debt-to-equity ratio of 0.09. The business’s fifty day moving average price is $13.95 and its 200 day moving average price is $13.88.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded Greenlight Capital Re from a “hold” rating to a “buy” rating in a report on Friday, January 31st.

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.