CWA Asset Management Group LLC Invests $4.97 Million in Greenlight Capital Re, Ltd. (NASDAQ:GLRE)

CWA Asset Management Group LLC bought a new position in shares of Greenlight Capital Re, Ltd. (NASDAQ:GLRE - Free Report) during the 3rd quarter, according to its most recent disclosure with the SEC. The fund bought 364,269 shares of the financial services provider's stock, valued at approximately $4,972,000. CWA Asset Management Group LLC owned 1.03% of Greenlight Capital Re at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Private Management Group Inc. raised its holdings in Greenlight Capital Re by 27.8% during the 3rd quarter. Private Management Group Inc. now owns 793,544 shares of the financial services provider's stock worth $10,832,000 after purchasing an additional 172,523 shares during the last quarter. Bfsg LLC increased 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 acquiring an additional 1,340 shares in the last quarter. SG Americas Securities LLC acquired a new position in shares of Greenlight Capital Re during the 3rd quarter valued at $133,000. AQR Capital Management LLC boosted its stake in Greenlight Capital Re by 48.1% during the second quarter. AQR Capital Management LLC now owns 25,399 shares of the financial services provider's stock worth $333,000 after acquiring an additional 8,246 shares in the last quarter. Finally, Bank of Montreal Can bought a new position in shares of Greenlight Capital Re during the 2nd quarter worth about $894,000. Institutional investors own 41.52% of the company's stock.

Analysts Set New Price Targets

Separately, StockNews.com raised Greenlight Capital Re from a "hold" rating to a "buy" rating in a research note on Friday.

Greenlight Capital Re Stock Down 0.1 %

Shares of GLRE traded down $0.02 during trading hours on Friday, reaching $14.76. The stock had a trading volume of 107,291 shares, compared to its average volume of 77,293. The firm has a 50-day simple moving average of $13.80 and a 200 day simple moving average of $13.27. Greenlight Capital Re, Ltd. has a 12 month low of $10.49 and a 12 month high of $15.82. The company has a current ratio of 3.02, a quick ratio of 3.00 and a debt-to-equity ratio of 0.09. The company has a market capitalization of $521.34 million, a price-to-earnings ratio of 5.86 and a beta of 0.85.

Greenlight Capital Re (NASDAQ:GLRE - Get Free Report) last released its quarterly earnings data 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 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 last year, the business posted $0.39 earnings per share.

Insider Activity at Greenlight Capital Re

In other news, Director Ian Isaacs sold 7,159 shares of the stock in a transaction dated Friday, September 27th. The shares were sold at an average price of $13.81, for a total value of $98,865.79. Following the completion of the sale, the director now owns 86,984 shares in the company, valued at $1,201,249.04. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 22.79% of the stock is owned by insiders.

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.