StockNews.com upgraded shares of Greenlight Capital Re (NASDAQ:GLRE - Free Report) from a hold rating to a buy rating in a research note released on Friday.
Greenlight Capital Re Trading Down 1.4 %
GLRE traded down $0.19 during trading on Friday, hitting $13.31. The company's stock had a trading volume of 60,267 shares, compared to its average volume of 80,948. The firm's 50 day moving average price is $14.19 and its 200-day moving average price is $13.87. 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 has a market cap of $463.59 million, a PE ratio of 5.28 and a beta of 0.88. Greenlight Capital Re has a twelve month low of $11.08 and a twelve month high of $15.82.
Greenlight Capital Re (NASDAQ:GLRE - Get Free Report) last issued its quarterly earnings results on Monday, November 4th. The financial services provider reported $1.01 earnings per share for the quarter, beating the consensus estimate of $0.65 by $0.36. Greenlight Capital Re had a return on equity of 13.95% and a net margin of 12.38%. The company had revenue of $188.01 million during the quarter. During the same quarter last year, the firm posted $0.39 earnings per share.
Institutional Trading of Greenlight Capital Re
Several institutional investors have recently made changes to their positions in GLRE. R Squared Ltd purchased a new stake in shares of Greenlight Capital Re during the 4th quarter valued at $29,000. Bfsg LLC boosted its position in Greenlight Capital Re by 25.8% during the 3rd quarter. Bfsg LLC now owns 6,535 shares of the financial services provider's stock worth $89,000 after purchasing an additional 1,340 shares during the period. SG Americas Securities LLC purchased a new stake in Greenlight Capital Re during the 3rd quarter worth $133,000. Centiva Capital LP purchased a new stake in Greenlight Capital Re during the 3rd quarter worth $139,000. Finally, Janney Montgomery Scott LLC purchased a new stake in Greenlight Capital Re during the 4th quarter worth $144,000. 41.52% of the stock is owned by hedge funds and other institutional investors.
About Greenlight Capital Re
(
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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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