Empowered Funds LLC Has $913,000 Stake in Greenlight Capital Re, Ltd. (NASDAQ:GLRE)

Empowered Funds LLC lifted its holdings in Greenlight Capital Re, Ltd. (NASDAQ:GLRE - Free Report) by 232.8% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 66,852 shares of the financial services provider's stock after purchasing an additional 46,764 shares during the quarter. Empowered Funds LLC owned about 0.19% of Greenlight Capital Re worth $913,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Ridgewood Investments LLC purchased a new stake in shares of Greenlight Capital Re during the second quarter worth about $37,000. CWM LLC raised its holdings in Greenlight Capital Re by 37.3% in the 2nd 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 during the period. Bfsg LLC increased its holdings in Greenlight Capital Re by 25.8% in the 3rd 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 during the last quarter. SG Americas Securities LLC purchased a new position in shares of Greenlight Capital Re in the third quarter valued at approximately $133,000. Finally, Vanguard Personalized Indexing Management LLC acquired a new stake in Greenlight Capital Re in the 2nd quarter valued at about $138,000. 41.52% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

Greenlight Capital Re Stock Performance

Shares of Greenlight Capital Re stock traded up $0.07 on Friday, reaching $15.07. 135,196 shares of the stock were exchanged, compared to its average volume of 104,165. The company has a current ratio of 3.02, a quick ratio of 3.02 and a debt-to-equity ratio of 0.09. Greenlight Capital Re, Ltd. has a 1-year low of $10.80 and a 1-year high of $15.82. The firm has a market capitalization of $524.89 million, a PE ratio of 5.98 and a beta of 0.85. The business has a fifty day moving average price of $13.98 and a two-hundred day moving average price of $13.43.

Greenlight Capital Re (NASDAQ:GLRE - Get Free Report) last announced its earnings results on Monday, November 4th. The financial services provider reported $1.01 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.65 by $0.36. The company had revenue of $188.01 million during the quarter. Greenlight Capital Re had a net margin of 12.38% and a return on equity of 13.95%. During the same quarter in the previous year, the firm posted $0.39 EPS.

Insider Activity

In other news, Director Ian Isaacs sold 7,159 shares of the business'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 approximately $1,201,249.04. The trade was a 7.60 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders own 22.79% of the company's stock.

Greenlight Capital Re 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.