Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of Greenlight Capital Re, Ltd. (NASDAQ:GLRE - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 26,217 shares of the financial services provider's stock, valued at approximately $367,000. Connor Clark & Lunn Investment Management Ltd. owned 0.08% of Greenlight Capital Re at the end of the most recent quarter.
Several other institutional investors have also added to or reduced their stakes in the stock. JPMorgan Chase & Co. lifted its stake in shares of Greenlight Capital Re by 288.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 48,646 shares of the financial services provider's stock valued at $664,000 after purchasing an additional 36,116 shares during the period. Barclays PLC lifted its position in Greenlight Capital Re by 275.5% during the third quarter. Barclays PLC now owns 36,077 shares of the financial services provider's stock valued at $493,000 after buying an additional 26,468 shares during the period. Wilmington Savings Fund Society FSB bought a new stake in shares of Greenlight Capital Re during the 3rd quarter valued at $1,188,000. Empowered Funds LLC grew its position in shares of Greenlight Capital Re by 62.7% in the 4th quarter. Empowered Funds LLC now owns 108,739 shares of the financial services provider's stock worth $1,522,000 after buying an additional 41,887 shares during the period. Finally, Rhumbline Advisers increased its stake in shares of Greenlight Capital Re by 12.5% in the 4th quarter. Rhumbline Advisers now owns 47,675 shares of the financial services provider's stock worth $667,000 after acquiring an additional 5,304 shares in the last quarter. 41.52% of the stock is currently owned by institutional investors.
Insider Activity at Greenlight Capital Re
In related news, insider Brian Joseph Oreilly sold 8,000 shares of the business's stock in a transaction that occurred 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 completion of the sale, the insider now directly 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 filing with the SEC, which can be accessed through the SEC website. 22.79% of the stock is owned by company insiders.
Greenlight Capital Re Stock Down 0.1 %
GLRE stock traded down $0.01 on Thursday, reaching $13.69. 162,052 shares of the company traded hands, compared to its average volume of 84,033. The company has a market cap of $473.18 million, a P/E ratio of 5.43 and a beta of 0.86. 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 firm has a fifty day simple moving average of $13.58 and a 200-day simple moving average of $13.92. Greenlight Capital Re, Ltd. has a one year low of $11.91 and a one year high of $15.82.
Greenlight Capital Re (NASDAQ:GLRE - Get Free Report) last issued its earnings results on Monday, March 10th. The financial services provider reported ($0.81) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.59 by ($1.40). The company had revenue of $143.76 million during the quarter. Greenlight Capital Re had a return on equity of 13.95% and a net margin of 12.38%.
Analyst Ratings Changes
Separately, StockNews.com lowered shares of Greenlight Capital Re from a "buy" rating to a "hold" rating in a research note on Wednesday, March 12th.
Get Our Latest Report on Greenlight Capital Re
Greenlight Capital Re Profile
(
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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