StockNews.com Downgrades Greenlight Capital Re (NASDAQ:GLRE) to Hold

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

Greenlight Capital Re Trading Down 2.7 %

Shares of GLRE stock opened at $13.75 on Thursday. The business’s fifty day moving average price is $14.35 and its 200 day moving average price is $13.83. Greenlight Capital Re has a 1-year low of $11.08 and a 1-year high of $15.82. The firm has a market capitalization of $478.91 million, a PE ratio of 5.46 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.

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

Institutional Trading of Greenlight Capital Re

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Dimensional Fund Advisors LP lifted its position in shares of Greenlight Capital Re by 2.4% in the second quarter. Dimensional Fund Advisors LP now owns 2,040,466 shares of the financial services provider’s stock valued at $26,730,000 after acquiring an additional 48,317 shares in the last quarter. Private Management Group Inc. lifted its position in shares of Greenlight Capital Re by 27.8% in the third quarter. Private Management Group Inc. now owns 793,544 shares of the financial services provider’s stock valued at $10,832,000 after acquiring an additional 172,523 shares in the last quarter. State Street Corp lifted its position in shares of Greenlight Capital Re by 1.1% in the third quarter. State Street Corp now owns 575,930 shares of the financial services provider’s stock valued at $7,861,000 after acquiring an additional 6,319 shares in the last quarter. CWA Asset Management Group LLC purchased a new stake in shares of Greenlight Capital Re in the third quarter valued at $4,972,000. Finally, American Century Companies Inc. lifted its position in shares of Greenlight Capital Re by 36.3% in the second quarter. American Century Companies Inc. now owns 346,777 shares of the financial services provider’s stock valued at $4,543,000 after acquiring an additional 92,364 shares in the last quarter. 41.52% of the stock is currently owned by hedge funds and other institutional investors.

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.