Metis Global Partners LLC Purchases Shares of 19,932 Greenlight Capital Re, Ltd. (NASDAQ:GLRE)

Metis Global Partners LLC acquired a new position in Greenlight Capital Re, Ltd. (NASDAQ:GLRE) during the third quarter, according to its most recent 13F filing with the SEC. The firm acquired 19,932 shares of the financial services provider’s stock, valued at approximately $272,000.

Other large investors also recently modified their holdings of the company. Ridgewood Investments LLC acquired a new stake in Greenlight Capital Re during the 2nd quarter worth approximately $37,000. CWM LLC grew its stake in Greenlight Capital Re by 37.3% during the second quarter. CWM LLC now owns 3,702 shares of the financial services provider’s stock worth $48,000 after buying an additional 1,005 shares during the period. Bfsg LLC grew its stake in Greenlight Capital Re by 25.8% during the third quarter. Bfsg LLC now owns 6,535 shares of the financial services provider’s stock worth $89,000 after buying an additional 1,340 shares during the period. SG Americas Securities LLC acquired a new stake in shares of Greenlight Capital Re in the third quarter worth $133,000. Finally, Vanguard Personalized Indexing Management LLC purchased a new position in shares of Greenlight Capital Re in the 2nd quarter valued at $138,000. 41.52% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Greenlight Capital Re news, Director Ian Isaacs sold 7,159 shares of Greenlight Capital Re stock in a transaction that occurred on Friday, September 27th. The stock was sold at an average price of $13.81, for a total transaction 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 7.60 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 22.79% of the stock is currently owned by company insiders.

Greenlight Capital Re Stock Performance

Shares of NASDAQ:GLRE opened at $14.51 on Tuesday. The business’s 50-day simple moving average is $13.88 and its 200 day simple moving average is $13.36. The company has a market cap of $512.51 million, a P/E ratio of 5.75 and a beta of 0.85. 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, Ltd. has a one year low of $10.80 and a one year high of $15.82.

Greenlight Capital Re (NASDAQ:GLRE) last posted its quarterly earnings data on Monday, November 4th. The financial services provider reported $1.01 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.65 by $0.36. The company had revenue of $188.01 million for the quarter. Greenlight Capital Re had a net margin of 12.38% and a return on equity of 13.95%. During the same quarter in the prior year, the business earned $0.39 EPS.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded Greenlight Capital Re from a “hold” rating to a “buy” rating in a report on Friday, November 8th.

Greenlight Capital Re 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.