Ninety One UK Ltd Trims Position in Greenlight Capital Re, Ltd. (NASDAQ:GLRE)

Ninety One UK Ltd decreased its holdings in Greenlight Capital Re, Ltd. (NASDAQ:GLRE - Free Report) by 60.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 310,440 shares of the financial services provider's stock after selling 465,262 shares during the period. Ninety One UK Ltd owned about 0.89% of Greenlight Capital Re worth $4,346,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of GLRE. JPMorgan Chase & Co. increased its holdings 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 worth $664,000 after buying an additional 36,116 shares in the last quarter. CWA Asset Management Group LLC bought a new stake in shares of Greenlight Capital Re in the third quarter worth approximately $4,972,000. Barclays PLC grew its stake in shares of Greenlight Capital Re by 275.5% in the third quarter. Barclays PLC now owns 36,077 shares of the financial services provider's stock worth $493,000 after acquiring an additional 26,468 shares during the period. Empowered Funds LLC raised its holdings in shares of Greenlight Capital Re by 232.8% during the third quarter. Empowered Funds LLC now owns 66,852 shares of the financial services provider's stock valued at $913,000 after purchasing an additional 46,764 shares during the last quarter. Finally, Wilmington Savings Fund Society FSB bought a new position in Greenlight Capital Re during the third quarter valued at approximately $1,188,000. Hedge funds and other institutional investors own 41.52% of the company's stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised shares of Greenlight Capital Re from a "hold" rating to a "buy" rating in a research report on Friday, January 31st.

Greenlight Capital Re Stock Performance

Greenlight Capital Re stock traded down $0.23 during mid-day trading on Friday, reaching $13.59. 37,299 shares of the stock traded hands, compared to its average volume of 68,089. Greenlight Capital Re, Ltd. has a 12-month low of $11.13 and a 12-month high of $15.82. The business's 50-day moving average is $14.05 and its 200-day moving average is $13.88. 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 capitalization of $473.34 million, a PE ratio of 5.39 and a beta of 0.88.

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.