Greenlight Capital Re, Ltd. (NASDAQ:GLRE) Short Interest Down 19.5% in March

Greenlight Capital Re, Ltd. (NASDAQ:GLRE - Get Free Report) was the target of a significant decline in short interest during the month of March. As of March 31st, there was short interest totalling 141,300 shares, a decline of 19.5% from the March 15th total of 175,500 shares. Approximately 0.5% of the company's stock are sold short. Based on an average trading volume of 96,500 shares, the days-to-cover ratio is currently 1.5 days.

Insider Activity 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 stock was sold at an average price of $14.00, for a total value of $112,000.00. Following the completion of the transaction, the insider now owns 99,330 shares of the company's stock, valued at $1,390,620. The trade was a 7.45 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 22.79% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. JPMorgan Chase & Co. lifted its position in Greenlight Capital Re by 288.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 48,646 shares of the financial services provider's stock valued at $664,000 after acquiring an additional 36,116 shares in the last quarter. Barclays PLC lifted its position in Greenlight Capital Re by 275.5% in the 3rd quarter. Barclays PLC now owns 36,077 shares of the financial services provider's stock valued at $493,000 after acquiring an additional 26,468 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. bought a new position in Greenlight Capital Re in the 4th quarter valued at approximately $367,000. Wilmington Savings Fund Society FSB bought a new stake in shares of Greenlight Capital Re in the third quarter worth $1,188,000. Finally, Rhumbline Advisers grew its stake in shares of Greenlight Capital Re by 12.5% during the 4th quarter. Rhumbline Advisers now owns 47,675 shares of the financial services provider's stock valued at $667,000 after purchasing an additional 5,304 shares during the period. Hedge funds and other institutional investors own 41.52% of the company's stock.

Analysts Set New Price Targets

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

Greenlight Capital Re Stock Performance

Shares of Greenlight Capital Re stock traded up $0.05 on Wednesday, reaching $13.53. 8,053 shares of the company traded hands, compared to its average volume of 89,150. The firm has a market capitalization of $467.65 million, a PE ratio of 5.37 and a beta of 0.66. 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 company has a 50 day moving average of $13.41 and a 200 day moving average of $13.84. Greenlight Capital Re has a 52 week low of $11.93 and a 52 week high of $15.82.

Greenlight Capital Re (NASDAQ:GLRE - Get Free Report) last posted its quarterly earnings data on Monday, March 10th. The financial services provider reported ($0.81) earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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%.

About Greenlight Capital Re

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.