CWA Asset Management Group LLC Lowers Stake in Greenlight Capital Re, Ltd. (NASDAQ:GLRE)

CWA Asset Management Group LLC lowered its stake in shares of Greenlight Capital Re, Ltd. (NASDAQ:GLRE) by 1.3% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 359,519 shares of the financial services provider’s stock after selling 4,750 shares during the period. CWA Asset Management Group LLC owned approximately 1.03% of Greenlight Capital Re worth $5,033,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in GLRE. Bfsg LLC boosted its position in Greenlight Capital Re by 25.8% in the 3rd 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 purchased a new position in Greenlight Capital Re in the 3rd quarter valued at approximately $133,000. Vanguard Personalized Indexing Management LLC purchased a new stake in shares of Greenlight Capital Re during the 2nd quarter worth $138,000. Centiva Capital LP purchased a new stake in shares of Greenlight Capital Re during the 3rd quarter worth $139,000. Finally, Metis Global Partners LLC purchased a new stake in shares of Greenlight Capital Re during the 3rd quarter worth $272,000. Hedge funds and other institutional investors own 41.52% of the company’s stock.

Greenlight Capital Re Stock Performance

NASDAQ GLRE remained flat at $13.73 during trading on Monday. 23,401 shares of the company’s stock were exchanged, compared to its average volume of 75,080. The company has a current ratio of 3.02, a quick ratio of 3.02 and a debt-to-equity ratio of 0.09. The firm has a market capitalization of $478.24 million, a price-to-earnings ratio of 5.45 and a beta of 0.89. Greenlight Capital Re, Ltd. has a one year low of $10.95 and a one year high of $15.82. The business’s fifty day moving average is $14.40 and its two-hundred day moving average is $13.72.

Greenlight Capital Re (NASDAQ:GLRE) last posted its quarterly earnings data on Monday, November 4th. The financial services provider reported $1.01 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 firm posted $0.39 earnings per share.

Analyst Ratings Changes

Separately, StockNews.com cut shares of Greenlight Capital Re from a “buy” rating to a “hold” rating in a research report on Friday.

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.