Empowered Funds LLC raised its stake in Greenlight Capital Re, Ltd. (NASDAQ:GLRE - Free Report) by 62.7% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 108,739 shares of the financial services provider's stock after acquiring an additional 41,887 shares during the period. Empowered Funds LLC owned approximately 0.31% of Greenlight Capital Re worth $1,522,000 as of its most recent SEC filing.
Several other hedge funds have also bought and sold shares of the stock. SG Americas Securities LLC bought a new stake in shares of Greenlight Capital Re in the third quarter worth about $133,000. Bfsg LLC grew its holdings in Greenlight Capital Re by 25.8% during the 3rd quarter. Bfsg LLC now owns 6,535 shares of the financial services provider's stock valued at $89,000 after buying an additional 1,340 shares in the last quarter. Private Management Group Inc. increased its stake in Greenlight Capital Re by 27.8% in the 3rd quarter. Private Management Group Inc. now owns 793,544 shares of the financial services provider's stock worth $10,832,000 after acquiring an additional 172,523 shares during the last quarter. CWA Asset Management Group LLC purchased a new stake in shares of Greenlight Capital Re during the 3rd quarter worth approximately $4,972,000. Finally, Metis Global Partners LLC bought a new position in shares of Greenlight Capital Re during the 3rd quarter valued at approximately $272,000. Hedge funds and other institutional investors own 41.52% of the company's stock.
Analyst Upgrades and Downgrades
Separately, StockNews.com raised shares of Greenlight Capital Re from a "hold" rating to a "buy" rating in a research note on Friday, January 31st.
Read Our Latest Stock Analysis on GLRE
Greenlight Capital Re Price Performance
Shares of NASDAQ GLRE traded up $0.04 during mid-day trading on Wednesday, hitting $13.43. 34,013 shares of the company's stock traded hands, compared to its average volume of 73,980. The company has a market capitalization of $467.91 million, a P/E ratio of 5.33 and a beta of 0.88. Greenlight Capital Re, Ltd. has a 1 year low of $11.67 and a 1 year high of $15.82. 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's 50-day moving average is $13.84 and its two-hundred day moving average is $13.88.
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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