Barclays PLC Purchases 26,468 Shares of Greenlight Capital Re, Ltd. (NASDAQ:GLRE)

Barclays PLC increased its stake in shares of Greenlight Capital Re, Ltd. (NASDAQ:GLRE - Free Report) by 275.5% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 36,077 shares of the financial services provider's stock after acquiring an additional 26,468 shares during the quarter. Barclays PLC owned approximately 0.10% of Greenlight Capital Re worth $493,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in GLRE. Bfsg LLC lifted its holdings in shares of Greenlight Capital Re by 25.8% in the third 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 in the last quarter. Martingale Asset Management L P lifted its stake in Greenlight Capital Re by 5.0% during the 3rd quarter. Martingale Asset Management L P now owns 29,665 shares of the financial services provider's stock valued at $405,000 after acquiring an additional 1,422 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in Greenlight Capital Re by 3.1% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 77,154 shares of the financial services provider's stock worth $1,053,000 after acquiring an additional 2,318 shares during the last quarter. Rhumbline Advisers grew its stake in shares of Greenlight Capital Re by 6.8% in the 2nd quarter. Rhumbline Advisers now owns 45,874 shares of the financial services provider's stock worth $601,000 after acquiring an additional 2,923 shares in the last quarter. Finally, Independent Advisor Alliance raised its holdings in shares of Greenlight Capital Re by 5.5% in the third quarter. Independent Advisor Alliance now owns 61,127 shares of the financial services provider's stock valued at $834,000 after purchasing an additional 3,200 shares during the last quarter. 41.52% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

Greenlight Capital Re Stock Performance

NASDAQ GLRE traded up $0.04 during trading on Friday, hitting $14.12. 56,986 shares of the company's stock traded hands, compared to its average volume of 72,503. The stock has a market capitalization of $491.80 million, a price-to-earnings ratio of 5.60 and a beta of 0.89. The company has a debt-to-equity ratio of 0.09, a quick ratio of 3.02 and a current ratio of 3.02. The business has a 50 day moving average of $14.37 and a 200-day moving average of $13.79. Greenlight Capital Re, Ltd. has a 12-month low of $10.96 and a 12-month high of $15.82.

Greenlight Capital Re (NASDAQ:GLRE - Get Free Report) last issued its earnings results on Monday, November 4th. The financial services provider reported $1.01 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 previous year, the firm earned $0.39 EPS.

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.