Private Management Group Inc. Purchases 172,523 Shares of Greenlight Capital Re, Ltd. (NASDAQ:GLRE)

Private Management Group Inc. boosted its holdings in Greenlight Capital Re, Ltd. (NASDAQ:GLRE - Free Report) by 27.8% in the third quarter, according to its most recent filing with the SEC. The institutional investor owned 793,544 shares of the financial services provider's stock after buying an additional 172,523 shares during the period. Private Management Group Inc. owned 2.25% of Greenlight Capital Re worth $10,832,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of the business. CWM LLC increased its stake in Greenlight Capital Re by 37.3% in the 2nd quarter. CWM LLC now owns 3,702 shares of the financial services provider's stock worth $48,000 after buying an additional 1,005 shares in the last quarter. Price T Rowe Associates Inc. MD grew its position in shares of Greenlight Capital Re by 3.5% during the first quarter. Price T Rowe Associates Inc. MD now owns 38,958 shares of the financial services provider's stock valued at $486,000 after purchasing an additional 1,323 shares in the last quarter. Bfsg LLC grew its position in shares of Greenlight Capital Re by 25.8% during the third quarter. Bfsg LLC now owns 6,535 shares of the financial services provider's stock valued at $89,000 after purchasing an additional 1,340 shares in the last quarter. BNP Paribas Financial Markets grew its position in shares of Greenlight Capital Re by 2.9% during the first quarter. BNP Paribas Financial Markets now owns 51,052 shares of the financial services provider's stock valued at $637,000 after purchasing an additional 1,418 shares in the last quarter. Finally, Ridgewood Investments LLC purchased a new position in shares of Greenlight Capital Re during the second quarter valued at about $37,000. Hedge funds and other institutional investors own 41.52% of the company's stock.

Insider Transactions at Greenlight Capital Re

In related news, Director Ian Isaacs sold 7,159 shares of the company's stock in a transaction dated Friday, September 27th. The shares were sold at an average price of $13.81, for a total transaction of $98,865.79. Following the transaction, the director now directly owns 86,984 shares in the company, valued at approximately $1,201,249.04. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 22.79% of the company's stock.

Greenlight Capital Re Trading Up 0.1 %

GLRE stock traded up $0.02 during midday trading on Friday, reaching $13.50. 51,487 shares of the company traded hands, compared to its average volume of 82,255. The firm has a market capitalization of $476.82 million, a price-to-earnings ratio of 7.11 and a beta of 0.85. The company has a debt-to-equity ratio of 0.10, a quick ratio of 3.00 and a current ratio of 3.00. The business has a 50 day moving average of $13.72 and a 200-day moving average of $13.19. Greenlight Capital Re, Ltd. has a 52-week low of $10.49 and a 52-week high of $14.31.

Greenlight Capital Re (NASDAQ:GLRE - Get Free Report) last released its quarterly earnings results on Tuesday, August 6th. The financial services provider reported $0.23 earnings per share for the quarter, missing the consensus estimate of $0.25 by ($0.02). Greenlight Capital Re had a net margin of 9.60% and a return on equity of 10.88%. The company had revenue of $174.86 million for the quarter.

Analysts Set New Price Targets

Separately, StockNews.com lowered Greenlight Capital Re from a "buy" rating to a "hold" rating in a research report on Thursday.

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.