Martingale Asset Management L P Boosts Stake in Greenlight Capital Re, Ltd. (NASDAQ:GLRE)

Martingale Asset Management L P lifted its holdings in Greenlight Capital Re, Ltd. (NASDAQ:GLRE - Free Report) by 186.2% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 84,915 shares of the financial services provider's stock after buying an additional 55,250 shares during the period. Martingale Asset Management L P owned approximately 0.24% of Greenlight Capital Re worth $1,189,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of GLRE. Wells Fargo & Company MN boosted its position in Greenlight Capital Re by 74.7% in the fourth quarter. Wells Fargo & Company MN now owns 180,581 shares of the financial services provider's stock worth $2,528,000 after purchasing an additional 77,195 shares during the last quarter. ExodusPoint Capital Management LP purchased a new position in shares of Greenlight Capital Re in the 4th quarter worth about $210,000. Trexquant Investment LP grew its position in Greenlight Capital Re by 57.7% during the fourth quarter. Trexquant Investment LP now owns 68,787 shares of the financial services provider's stock valued at $963,000 after buying an additional 25,173 shares during the period. Arrowstreet Capital Limited Partnership raised its position in Greenlight Capital Re by 188.7% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 68,104 shares of the financial services provider's stock worth $953,000 after acquiring an additional 44,514 shares during the period. Finally, JPMorgan Chase & Co. raised its position in Greenlight Capital Re by 99.8% in the fourth quarter. JPMorgan Chase & Co. now owns 97,210 shares of the financial services provider's stock worth $1,361,000 after acquiring an additional 48,564 shares during the period. 41.52% of the stock is owned by institutional investors.

Insider Activity

In related news, insider Brian Joseph Oreilly sold 8,000 shares of the stock in a transaction 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 transaction, the insider now owns 99,330 shares of the company's stock, valued at approximately $1,390,620. This trade represents a 7.45 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 22.79% of the company's stock.

Analyst Upgrades and Downgrades

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.

Greenlight Capital Re Stock Performance

Greenlight Capital Re stock traded up $0.21 during midday trading on Thursday, reaching $13.46. The stock had a trading volume of 28,626 shares, compared to its average volume of 88,722. 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 firm has a market capitalization of $465.37 million, a PE ratio of 5.32 and a beta of 0.66. Greenlight Capital Re, Ltd. has a 12 month low of $11.93 and a 12 month high of $15.82. The firm's 50-day moving average price is $13.40 and its 200 day moving average price is $13.84.

Greenlight Capital Re (NASDAQ:GLRE - Get Free Report) last posted 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 for the quarter. Greenlight Capital Re had a return on equity of 13.95% and a net margin of 12.38%.

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.