Greenlight Capital Re (NASDAQ:GLRE) Rating Lowered to Hold at StockNews.com

Greenlight Capital Re (NASDAQ:GLRE) was downgraded by equities researchers at StockNews.com from a “buy” rating to a “hold” rating in a research note issued on Wednesday.

Greenlight Capital Re Trading Down 0.4 %

NASDAQ GLRE opened at $14.08 on Wednesday. The firm has a market cap of $490.43 million, a P/E ratio of 5.59 and a beta of 0.89. 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’s 50-day moving average is $14.38 and its 200-day moving average is $13.77. Greenlight Capital Re has a one year low of $10.95 and a one year high of $15.82.

Greenlight Capital Re (NASDAQ:GLRE) last posted its quarterly earnings results on Monday, November 4th. The financial services provider reported $1.01 earnings per share for the quarter, beating analysts’ consensus estimates of $0.65 by $0.36. The firm 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 in the prior year, the business earned $0.39 earnings per share.

Institutional Investors Weigh In On Greenlight Capital Re

Hedge funds and other institutional investors have recently bought and sold shares of the company. Bfsg LLC lifted its stake in shares of 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 purchasing an additional 1,340 shares during the period. SG Americas Securities LLC bought a new position in shares of Greenlight Capital Re in the third quarter valued at approximately $133,000. Vanguard Personalized Indexing Management LLC bought a new position in shares of Greenlight Capital Re in the second quarter valued at approximately $138,000. Centiva Capital LP bought a new position in shares of Greenlight Capital Re in the third quarter valued at approximately $139,000. Finally, Metis Global Partners LLC bought a new position in shares of Greenlight Capital Re in the third quarter valued at approximately $272,000. 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.