Greenlight Capital Re, Ltd. (NASDAQ:GLRE) Short Interest Update

Greenlight Capital Re, Ltd. (NASDAQ:GLRE - Get Free Report) was the recipient of a large drop in short interest during the month of October. As of October 31st, there was short interest totalling 169,900 shares, a drop of 5.1% from the October 15th total of 179,100 shares. Currently, 0.6% of the company's shares are short sold. Based on an average trading volume of 104,200 shares, the short-interest ratio is presently 1.6 days.

Analyst Ratings Changes

Separately, StockNews.com raised shares of Greenlight Capital Re from a "hold" rating to a "buy" rating in a research report on Friday, November 8th.

Greenlight Capital Re Stock Performance

NASDAQ:GLRE traded up $0.05 during trading hours on Monday, reaching $14.55. 38,948 shares of the company's stock were exchanged, compared to its average volume of 84,377. Greenlight Capital Re has a 1-year low of $10.80 and a 1-year high of $15.82. The firm has a market capitalization of $513.92 million, a price-to-earnings ratio of 5.75 and a beta of 0.85. The company has a quick ratio of 3.02, a current ratio of 3.02 and a debt-to-equity ratio of 0.09. The company has a 50-day moving average of $13.88 and a 200 day moving average of $13.36.

Greenlight Capital Re (NASDAQ:GLRE - Get Free Report) last released its earnings results on Monday, November 4th. The financial services provider reported $1.01 earnings per share for the quarter, topping the consensus estimate of $0.65 by $0.36. Greenlight Capital Re had a net margin of 12.38% and a return on equity of 13.95%. The business had revenue of $188.01 million for the quarter. During the same period last year, the business earned $0.39 earnings per share.

Insider Activity at Greenlight Capital Re

In related news, Director Ian Isaacs sold 7,159 shares of the firm's stock in a transaction on Friday, September 27th. The shares were sold at an average price of $13.81, for a total transaction of $98,865.79. Following the completion of the transaction, the director now owns 86,984 shares of the company's stock, valued at $1,201,249.04. This trade represents a 7.60 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 22.79% of the stock is owned by insiders.

Institutional Trading of Greenlight Capital Re

Institutional investors and hedge funds have recently modified their holdings of the company. Ridgewood Investments LLC bought a new stake in Greenlight Capital Re in the 2nd quarter valued at $37,000. CWM LLC grew its stake in shares of Greenlight Capital Re by 37.3% in the second quarter. CWM LLC now owns 3,702 shares of the financial services provider's stock valued at $48,000 after buying an additional 1,005 shares in the last quarter. Bfsg LLC grew its stake 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 buying an additional 1,340 shares in the last quarter. SG Americas Securities LLC acquired a new stake in Greenlight Capital Re during the 3rd quarter valued at $133,000. Finally, Centiva Capital LP acquired a new stake in shares of Greenlight Capital Re during the third quarter worth $139,000. 41.52% of the stock is currently owned by institutional investors and hedge funds.

Greenlight Capital Re Company 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.