Empirical Financial Services LLC d.b.a. Empirical Wealth Management Grows Stake in Greenlight Capital Re, Ltd. (NASDAQ:GLRE)

Empirical Financial Services LLC d.b.a. Empirical Wealth Management boosted its position in shares of Greenlight Capital Re, Ltd. (NASDAQ:GLRE) by 14.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 28,363 shares of the financial services provider’s stock after acquiring an additional 3,551 shares during the quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management’s holdings in Greenlight Capital Re were worth $397,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the company. Bfsg LLC increased its position 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 purchasing an additional 1,340 shares during the last quarter. SG Americas Securities LLC bought a new stake in Greenlight Capital Re during the third quarter valued at approximately $133,000. Centiva Capital LP purchased a new stake in Greenlight Capital Re during the third quarter valued at approximately $139,000. Janney Montgomery Scott LLC bought a new position in Greenlight Capital Re in the fourth quarter worth approximately $144,000. Finally, Metis Global Partners LLC purchased a new position in shares of Greenlight Capital Re during the 3rd quarter worth $272,000. Institutional investors own 41.52% of the company’s stock.

Greenlight Capital Re Stock Down 1.9 %

GLRE stock opened at $13.80 on Thursday. The business’s 50-day moving average price is $14.27 and its 200-day moving average price is $13.86. The stock has a market cap of $480.68 million, a P/E ratio of 5.48 and a beta of 0.89. The company has a quick ratio of 3.02, a current ratio of 3.02 and a debt-to-equity ratio of 0.09. Greenlight Capital Re, Ltd. has a twelve month low of $11.08 and a twelve month high of $15.82.

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

Wall Street Analyst Weigh In

Separately, StockNews.com lowered Greenlight Capital Re from a “buy” rating to a “hold” rating in a research note on Thursday, January 23rd.

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.