Arrowstreet Capital Limited Partnership Buys 44,514 Shares of Greenlight Capital Re, Ltd. (NASDAQ:GLRE)

Arrowstreet Capital Limited Partnership lifted its stake in Greenlight Capital Re, Ltd. (NASDAQ:GLRE - Free Report) by 188.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 68,104 shares of the financial services provider's stock after buying an additional 44,514 shares during the period. Arrowstreet Capital Limited Partnership owned approximately 0.20% of Greenlight Capital Re worth $953,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the stock. Charles Schwab Investment Management Inc. increased its holdings in Greenlight Capital Re by 3.1% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 77,154 shares of the financial services provider's stock valued at $1,053,000 after buying an additional 2,318 shares during the period. Centiva Capital LP bought a new position in Greenlight Capital Re in the third quarter valued at approximately $139,000. State Street Corp increased its stake in shares of Greenlight Capital Re by 1.1% in the 3rd quarter. State Street Corp now owns 575,930 shares of the financial services provider's stock valued at $7,861,000 after purchasing an additional 6,319 shares during the last quarter. Barclays PLC raised its holdings in shares of Greenlight Capital Re by 275.5% during the 3rd quarter. Barclays PLC now owns 36,077 shares of the financial services provider's stock worth $493,000 after buying an additional 26,468 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB acquired a new stake in Greenlight Capital Re in the third quarter valued at about $1,188,000. Institutional investors and hedge funds own 41.52% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com lowered shares of Greenlight Capital Re from a "buy" rating to a "hold" rating in a research report on Wednesday, March 12th.

Greenlight Capital Re Price Performance

Shares of NASDAQ GLRE traded up $0.07 during mid-day trading on Thursday, hitting $13.32. 19,249 shares of the stock traded hands, compared to its average volume of 88,683. Greenlight Capital Re, Ltd. has a twelve month low of $11.93 and a twelve month high of $15.82. The firm has a 50 day simple moving average of $13.40 and a two-hundred day simple moving average of $13.84. 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 company has a market cap of $460.39 million, a PE ratio of 5.29 and a beta of 0.66.

Greenlight Capital Re (NASDAQ:GLRE - Get Free Report) last announced its quarterly earnings results on Monday, March 10th. The financial services provider reported ($0.81) EPS for the quarter, missing analysts' consensus estimates of $0.59 by ($1.40). Greenlight Capital Re had a net margin of 12.38% and a return on equity of 13.95%. The firm had revenue of $143.76 million for the quarter.

Insiders Place Their Bets

In other news, insider Brian Joseph Oreilly sold 8,000 shares of Greenlight Capital Re stock in a transaction on Wednesday, March 26th. The shares were sold at an average price of $14.00, for a total transaction of $112,000.00. Following the transaction, the insider now owns 99,330 shares in the company, valued at approximately $1,390,620. The trade was a 7.45 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 22.79% of the company's stock.

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.