Short Interest in Greenlight Capital Re, Ltd. (NASDAQ:GLRE) Expands By 24.3%

Greenlight Capital Re, Ltd. (NASDAQ:GLRE - Get Free Report) was the recipient of a large increase in short interest during the month of March. As of March 15th, there was short interest totalling 175,500 shares, an increase of 24.3% from the February 28th total of 141,200 shares. Based on an average trading volume of 85,600 shares, the short-interest ratio is presently 2.1 days. Approximately 0.7% of the shares of the company are sold short.

Greenlight Capital Re Trading Down 2.9 %

Shares of Greenlight Capital Re stock traded down $0.39 during trading hours on Friday, hitting $12.93. The company's stock had a trading volume of 124,560 shares, compared to its average volume of 87,256. The company has a market capitalization of $446.91 million, a PE ratio of 5.13 and a beta of 0.86. The company has a quick ratio of 3.02, a current ratio of 3.02 and a debt-to-equity ratio of 0.09. Greenlight Capital Re has a 1-year low of $11.93 and a 1-year high of $15.82. The business has a fifty day moving average of $13.53 and a 200 day moving average of $13.90.

Greenlight Capital Re (NASDAQ:GLRE - Get Free Report) last issued its quarterly earnings data on Monday, March 10th. The financial services provider reported ($0.81) earnings per share for the quarter, missing analysts' consensus estimates of $0.59 by ($1.40). The business had revenue of $143.76 million for the quarter. Greenlight Capital Re had a net margin of 12.38% and a return on equity of 13.95%.

Insider Buying and Selling at Greenlight Capital Re

In related news, insider Brian Joseph Oreilly sold 8,000 shares of the business's stock in a transaction dated Wednesday, March 26th. The shares were sold at an average price of $14.00, for a total transaction of $112,000.00. Following the sale, the insider now owns 99,330 shares of the company's stock, valued at approximately $1,390,620. The trade was a 7.45 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 22.79% of the stock is owned by company insiders.

Institutional Trading of Greenlight Capital Re

A number of large investors have recently modified their holdings of GLRE. Charles Schwab Investment Management Inc. increased its holdings in shares of Greenlight Capital Re by 3.1% during the third quarter. Charles Schwab Investment Management Inc. now owns 77,154 shares of the financial services provider's stock valued at $1,053,000 after purchasing an additional 2,318 shares during the period. BNP Paribas Financial Markets grew its position in Greenlight Capital Re by 13.3% in the 3rd quarter. BNP Paribas Financial Markets now owns 55,685 shares of the financial services provider's stock valued at $760,000 after buying an additional 6,543 shares in the last quarter. Martingale Asset Management L P increased its stake in Greenlight Capital Re by 5.0% during the 3rd quarter. Martingale Asset Management L P now owns 29,665 shares of the financial services provider's stock valued at $405,000 after buying an additional 1,422 shares during the period. PDT Partners LLC bought a new stake in shares of Greenlight Capital Re during the 3rd quarter worth about $294,000. Finally, Centiva Capital LP acquired a new stake in shares of Greenlight Capital Re in the 3rd quarter worth approximately $139,000. Institutional investors and hedge funds own 41.52% of the company's stock.

Wall Street Analyst Weigh In

Separately, StockNews.com cut shares of Greenlight Capital Re from a "buy" rating to a "hold" rating in a research note on Wednesday, March 12th.

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.