Greenlight Capital Re, Ltd. (NASDAQ:GLRE - Get Free Report) was the target of a significant drop in short interest in the month of February. As of February 15th, there was short interest totalling 166,200 shares, a drop of 15.1% from the January 31st total of 195,800 shares. Based on an average trading volume of 81,300 shares, the days-to-cover ratio is currently 2.0 days. Approximately 0.6% of the shares of the stock are sold short.
Institutional Investors Weigh In On Greenlight Capital Re
Several large investors have recently made changes to their positions in GLRE. CWA Asset Management Group LLC bought a new stake in shares of Greenlight Capital Re in the third quarter worth about $4,972,000. Metis Global Partners LLC purchased a new position in Greenlight Capital Re in the third quarter worth about $272,000. Empowered Funds LLC grew its position in Greenlight Capital Re by 232.8% in the third quarter. Empowered Funds LLC now owns 66,852 shares of the financial services provider's stock worth $913,000 after acquiring an additional 46,764 shares in the last quarter. Charles Schwab Investment Management Inc. grew its position in Greenlight Capital Re by 3.1% in the third quarter. Charles Schwab Investment Management Inc. now owns 77,154 shares of the financial services provider's stock worth $1,053,000 after acquiring an additional 2,318 shares in the last quarter. Finally, Independent Advisor Alliance grew its position in Greenlight Capital Re by 5.5% in the third quarter. Independent Advisor Alliance now owns 61,127 shares of the financial services provider's stock worth $834,000 after acquiring an additional 3,200 shares in the last quarter. 41.52% of the stock is owned by institutional investors.
Analyst Ratings Changes
Separately, StockNews.com raised Greenlight Capital Re from a "hold" rating to a "buy" rating in a report on Friday, January 31st.
View Our Latest Analysis on GLRE
Greenlight Capital Re Price Performance
Shares of GLRE stock traded up $0.12 during trading hours on Friday, hitting $13.95. The stock had a trading volume of 75,023 shares, compared to its average volume of 81,279. Greenlight Capital Re has a one year low of $11.72 and a one 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 stock's 50-day moving average price is $13.71 and its two-hundred day moving average price is $13.95. The stock has a market capitalization of $485.91 million, a price-to-earnings ratio of 5.54 and a beta of 0.86.
About Greenlight Capital Re
(
Get 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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