Greenlight Capital Re (NASDAQ:GLRE) Downgraded to Hold Rating by StockNews.com

StockNews.com cut shares of Greenlight Capital Re (NASDAQ:GLRE) from a buy rating to a hold rating in a report issued on Thursday morning.

Greenlight Capital Re Price Performance

Shares of GLRE stock traded up $0.03 during trading hours on Thursday, hitting $13.51. The stock had a trading volume of 2,819 shares, compared to its average volume of 82,023. The company has a debt-to-equity ratio of 0.10, a current ratio of 3.00 and a quick ratio of 3.00. The stock has a market capitalization of $477.17 million, a price-to-earnings ratio of 7.09 and a beta of 0.85. Greenlight Capital Re has a one year low of $10.49 and a one year high of $14.31. The stock’s 50-day moving average price is $13.73 and its two-hundred day moving average price is $13.18.

Greenlight Capital Re (NASDAQ:GLRE) last issued its quarterly earnings data on Tuesday, August 6th. The financial services provider reported $0.23 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.25 by ($0.02). The firm had revenue of $174.86 million for the quarter. Greenlight Capital Re had a return on equity of 10.88% and a net margin of 9.60%.

Insider Buying and Selling at Greenlight Capital Re

In other news, Director Ian Isaacs sold 7,159 shares of the business’s stock in a transaction dated Friday, September 27th. The shares were sold at an average price of $13.81, for a total value of $98,865.79. Following the sale, the director now directly owns 86,984 shares in the company, valued at $1,201,249.04. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 22.79% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. Ridgewood Investments LLC purchased a new position in shares of Greenlight Capital Re during the 2nd quarter worth about $37,000. CWM LLC lifted its stake in Greenlight Capital Re by 37.3% in the second quarter. CWM LLC now owns 3,702 shares of the financial services provider’s stock worth $48,000 after purchasing an additional 1,005 shares during the last quarter. Bfsg LLC boosted its position in shares of Greenlight Capital Re by 25.8% during the third quarter. Bfsg LLC now owns 6,535 shares of the financial services provider’s stock valued at $89,000 after buying an additional 1,340 shares during the period. SG Americas Securities LLC bought a new position in shares of Greenlight Capital Re during the third quarter valued at approximately $133,000. Finally, Vanguard Personalized Indexing Management LLC purchased a new stake in shares of Greenlight Capital Re in the second quarter worth approximately $138,000. Institutional investors 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.