Caz Investments LP lessened its stake in Greenlight Capital Re, Ltd. (NASDAQ:GLRE - Free Report) by 71.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 9,000 shares of the financial services provider's stock after selling 22,500 shares during the quarter. Greenlight Capital Re comprises approximately 0.2% of Caz Investments LP's holdings, making the stock its 12th biggest holding. Caz Investments LP's holdings in Greenlight Capital Re were worth $126,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also made changes to their positions in the company. Charles Schwab Investment Management Inc. grew its holdings in shares of 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 purchasing an additional 2,318 shares during the period. BNP Paribas Financial Markets lifted its position in Greenlight Capital Re by 13.3% during the third quarter. BNP Paribas Financial Markets now owns 55,685 shares of the financial services provider's stock valued at $760,000 after buying an additional 6,543 shares in the last quarter. Martingale Asset Management L P grew its stake in Greenlight Capital Re by 5.0% during the third quarter. Martingale Asset Management L P now owns 29,665 shares of the financial services provider's stock worth $405,000 after buying an additional 1,422 shares during the period. PDT Partners LLC acquired a new stake in shares of Greenlight Capital Re in the third quarter worth $294,000. Finally, Centiva Capital LP purchased a new position in shares of Greenlight Capital Re in the 3rd quarter valued at $139,000. 41.52% of the stock is currently owned by institutional investors and hedge funds.
Greenlight Capital Re Stock Up 0.7 %
Shares of NASDAQ:GLRE traded up $0.09 during mid-day trading on Wednesday, hitting $13.83. 29,288 shares of the company traded hands, compared to its average volume of 86,821. The firm's 50 day simple moving average is $13.55 and its 200 day simple moving average is $13.92. The firm has a market cap of $478.02 million, a P/E ratio of 5.49 and a beta of 0.86. The company has a debt-to-equity ratio of 0.09, a quick ratio of 3.02 and a current ratio of 3.02. Greenlight Capital Re, Ltd. has a 52-week low of $11.93 and a 52-week high of $15.82.
Greenlight Capital Re (NASDAQ:GLRE - Get Free Report) last posted its 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 return on equity of 13.95% and a net margin of 12.38%. The firm had revenue of $143.76 million for the quarter.
Analysts Set New Price Targets
Separately, StockNews.com downgraded Greenlight Capital Re from a "buy" rating to a "hold" rating in a report on Wednesday, March 12th.
View Our Latest Stock Analysis on GLRE
Insider Activity
In other news, insider Brian Joseph Oreilly sold 8,000 shares of the stock in a transaction that occurred on Wednesday, March 26th. The stock was sold at an average price of $14.00, for a total transaction of $112,000.00. Following the completion of the transaction, the insider now directly owns 99,330 shares in the company, valued at approximately $1,390,620. This represents a 7.45 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders own 22.79% of the company's stock.
Greenlight Capital Re Company Profile
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Free Report)
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.
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