Greenlight Capital Re (NASDAQ:GLRE) Downgraded to Hold Rating by Wall Street Zen

Greenlight Capital Re (NASDAQ:GLRE) was downgraded by Wall Street Zen from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Saturday.

Greenlight Capital Re Stock Performance

Shares of GLRE opened at $14.33 on Friday. Greenlight Capital Re has a 1 year low of $11.95 and a 1 year high of $15.82. The company has a market cap of $495.24 million, a price-to-earnings ratio of 11.11 and a beta of 0.66. The company has a debt-to-equity ratio of 0.09, a quick ratio of 2.90 and a current ratio of 2.90. The firm has a fifty day moving average of $14.01 and a 200-day moving average of $13.71.

Greenlight Capital Re (NASDAQ:GLRE) last posted its earnings results on Wednesday, May 7th. The financial services provider reported $0.86 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.50 by $0.36. The firm had revenue of $247.95 million during the quarter. Greenlight Capital Re had a net margin of 6.33% and a return on equity of 6.99%.

Insider Activity at Greenlight Capital Re

In other Greenlight Capital Re news, Director Ian Isaacs sold 13,000 shares of the business’s stock in a transaction on Wednesday, June 25th. The stock was sold at an average price of $14.92, for a total transaction of $193,960.00. Following the completion of the transaction, the director owned 71,484 shares in the company, valued at approximately $1,066,541.28. The trade was a 15.39% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, COO Patrick O’brien sold 7,500 shares of the business’s stock in a transaction on Monday, May 12th. The stock was sold at an average price of $13.48, for a total value of $101,100.00. Following the transaction, the chief operating officer owned 182,925 shares of the company’s stock, valued at $2,465,829. This trade represents a 3.94% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 25,500 shares of company stock valued at $361,160. Insiders own 23.55% of the company’s stock.

Institutional Investors Weigh In On Greenlight Capital Re

Several institutional investors have recently bought and sold shares of GLRE. Dimensional Fund Advisors LP lifted its stake in shares of Greenlight Capital Re by 0.9% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,112,254 shares of the financial services provider’s stock worth $29,571,000 after acquiring an additional 18,533 shares during the period. Private Management Group Inc. lifted its stake in shares of Greenlight Capital Re by 11.2% in the 1st quarter. Private Management Group Inc. now owns 1,034,365 shares of the financial services provider’s stock worth $14,016,000 after acquiring an additional 103,886 shares during the period. CWA Asset Management Group LLC lifted its position in Greenlight Capital Re by 88.5% in the first quarter. CWA Asset Management Group LLC now owns 677,566 shares of the financial services provider’s stock worth $9,181,000 after purchasing an additional 318,047 shares during the period. Ameriprise Financial Inc. lifted its position in Greenlight Capital Re by 13.3% in the fourth quarter. Ameriprise Financial Inc. now owns 622,743 shares of the financial services provider’s stock worth $8,718,000 after purchasing an additional 73,317 shares during the period. Finally, American Century Companies Inc. lifted its position in Greenlight Capital Re by 12.7% in the first quarter. American Century Companies Inc. now owns 529,547 shares of the financial services provider’s stock worth $7,175,000 after purchasing an additional 59,787 shares during the period. Institutional investors and hedge funds own 41.52% of the company’s stock.

Greenlight Capital Re Company Profile

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.