Greenlight Capital Re, Ltd. (NASDAQ:GLRE) Shares Acquired by Barclays PLC

Barclays PLC grew its holdings in shares of Greenlight Capital Re, Ltd. (NASDAQ:GLRE) by 275.5% during the third quarter, HoldingsChannel reports. The firm owned 36,077 shares of the financial services provider’s stock after purchasing an additional 26,468 shares during the quarter. Barclays PLC’s holdings in Greenlight Capital Re were worth $493,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in GLRE. Bfsg LLC lifted its holdings in shares of Greenlight Capital Re by 25.8% during the 3rd quarter. Bfsg LLC now owns 6,535 shares of the financial services provider’s stock valued at $89,000 after acquiring an additional 1,340 shares in the last quarter. SG Americas Securities LLC bought a new stake in shares of Greenlight Capital Re in the 3rd quarter worth about $133,000. Centiva Capital LP acquired a new stake in Greenlight Capital Re during the third quarter valued at approximately $139,000. Vanguard Personalized Indexing Management LLC acquired a new stake in shares of Greenlight Capital Re during the 2nd quarter valued at approximately $138,000. Finally, Metis Global Partners LLC bought a new position in shares of Greenlight Capital Re in the 3rd quarter worth about $272,000. 41.52% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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

Greenlight Capital Re Price Performance

Shares of NASDAQ:GLRE opened at $13.71 on Friday. The business has a 50-day moving average of $14.39 and a two-hundred day moving average of $13.71. Greenlight Capital Re, Ltd. has a fifty-two week low of $10.95 and a fifty-two week high of $15.82. The company has a debt-to-equity ratio of 0.09, a current ratio of 3.02 and a quick ratio of 3.02. The stock has a market capitalization of $477.55 million, a P/E ratio of 5.44 and a beta of 0.88.

Greenlight Capital Re (NASDAQ:GLRE) last posted its earnings results on Monday, November 4th. The financial services provider reported $1.01 EPS for the quarter, topping the consensus estimate of $0.65 by $0.36. The business had revenue of $188.01 million during the quarter. Greenlight Capital Re had a return on equity of 13.95% and a net margin of 12.38%. During the same quarter last year, the business earned $0.39 EPS.

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.