Greenlight Capital Re, Ltd. (NASDAQ:GLRE) Stock Holdings Decreased by Vanguard Group Inc.

Vanguard Group Inc. lessened its position in Greenlight Capital Re, Ltd. (NASDAQ:GLRE) by 1.6% in the 4th quarter, Holdings Channel reports. The fund owned 1,399,912 shares of the financial services provider’s stock after selling 22,818 shares during the period. Vanguard Group Inc.’s holdings in Greenlight Capital Re were worth $19,599,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in GLRE. JPMorgan Chase & Co. boosted its holdings in shares of Greenlight Capital Re by 288.2% during the third quarter. JPMorgan Chase & Co. now owns 48,646 shares of the financial services provider’s stock worth $664,000 after purchasing an additional 36,116 shares during the period. Barclays PLC boosted its stake in shares of Greenlight Capital Re by 275.5% during the 3rd quarter. Barclays PLC now owns 36,077 shares of the financial services provider’s stock valued at $493,000 after buying an additional 26,468 shares during the period. Connor Clark & Lunn Investment Management Ltd. purchased a new position in shares of Greenlight Capital Re during the 4th quarter valued at $367,000. Wilmington Savings Fund Society FSB acquired a new position in shares of Greenlight Capital Re in the third quarter worth $1,188,000. Finally, Empowered Funds LLC raised its holdings in shares of Greenlight Capital Re by 62.7% during the fourth quarter. Empowered Funds LLC now owns 108,739 shares of the financial services provider’s stock worth $1,522,000 after acquiring an additional 41,887 shares in the last quarter. Institutional investors and hedge funds own 41.52% of the company’s stock.

Analyst Upgrades and Downgrades

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

Shares of NASDAQ GLRE opened at $13.25 on Thursday. The business has a 50 day simple moving average of $13.40 and a 200 day simple moving average of $13.84. Greenlight Capital Re, Ltd. has a 52 week low of $11.93 and a 52 week high of $15.82. The stock has a market cap of $457.97 million, a price-to-earnings ratio of 5.26 and a beta of 0.66. 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 posted 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 business 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%.

Insiders Place Their Bets

In other news, insider Brian Joseph Oreilly sold 8,000 shares of the company’s stock in a transaction dated Wednesday, March 26th. The stock was sold at an average price of $14.00, for a total transaction of $112,000.00. Following the completion of the sale, the insider now owns 99,330 shares in the company, valued at approximately $1,390,620. This represents a 7.45 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Company insiders own 22.79% 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.