Private Management Group Inc. Acquires 136,935 Shares of Greenlight Capital Re, Ltd. (NASDAQ:GLRE)

Private Management Group Inc. lifted its stake in shares of Greenlight Capital Re, Ltd. (NASDAQ:GLRE - Free Report) by 17.3% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 930,479 shares of the financial services provider's stock after acquiring an additional 136,935 shares during the quarter. Private Management Group Inc. owned about 2.67% of Greenlight Capital Re worth $13,027,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Bfsg LLC boosted its position in Greenlight Capital Re by 25.8% during the third 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. Martingale Asset Management L P lifted its stake in shares of Greenlight Capital Re by 5.0% in the third quarter. Martingale Asset Management L P now owns 29,665 shares of the financial services provider's stock worth $405,000 after buying an additional 1,422 shares during the last quarter. SG Americas Securities LLC boosted its holdings in shares of Greenlight Capital Re by 20.2% during the 4th quarter. SG Americas Securities LLC now owns 11,715 shares of the financial services provider's stock worth $164,000 after buying an additional 1,971 shares during the period. R Squared Ltd acquired a new position in Greenlight Capital Re in the 4th quarter valued at $29,000. Finally, Charles Schwab Investment Management Inc. raised its holdings in Greenlight Capital Re by 3.1% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 77,154 shares of the financial services provider's stock worth $1,053,000 after acquiring an additional 2,318 shares during the period. Institutional investors and hedge funds own 41.52% of the company's stock.

Analyst Ratings Changes

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

Greenlight Capital Re Stock Performance

NASDAQ:GLRE traded down $0.23 during mid-day trading on Friday, hitting $13.59. 37,299 shares of the company's stock traded hands, compared to its average volume of 68,089. The company has a current ratio of 3.02, a quick ratio of 3.02 and a debt-to-equity ratio of 0.09. The firm has a 50 day moving average of $14.05 and a two-hundred day moving average of $13.88. The firm has a market capitalization of $473.34 million, a price-to-earnings ratio of 5.39 and a beta of 0.88. Greenlight Capital Re, Ltd. has a 12 month low of $11.13 and a 12 month high of $15.82.

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.