StockNews.com Downgrades Greenlight Capital Re (NASDAQ:GLRE) to Hold

Greenlight Capital Re (NASDAQ:GLRE - Get Free Report) was downgraded by stock analysts at StockNews.com from a "buy" rating to a "hold" rating in a research report issued on Friday.

Greenlight Capital Re Trading Up 0.1 %

Shares of NASDAQ GLRE traded up $0.02 during midday trading on Friday, reaching $13.73. The company had a trading volume of 95,195 shares, compared to its average volume of 105,847. The firm's fifty day moving average price is $14.40 and its 200-day moving average price is $13.71. The company has a quick ratio of 3.02, a current ratio of 3.02 and a debt-to-equity ratio of 0.09. Greenlight Capital Re has a one year low of $10.95 and a one year high of $15.82. The stock has a market cap of $478.24 million, a PE ratio of 5.45 and a beta of 0.88.

Greenlight Capital Re (NASDAQ:GLRE - Get Free Report) last announced its quarterly earnings data 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 firm had revenue of $188.01 million during the quarter. During the same quarter in the previous year, the firm posted $0.39 EPS.

Institutional Trading of Greenlight Capital Re

Institutional investors have recently modified their holdings of the company. CWA Asset Management Group LLC bought a new position in Greenlight Capital Re during the 3rd quarter valued at approximately $4,972,000. Private Management Group Inc. raised its holdings in shares of Greenlight Capital Re by 27.8% during the third quarter. Private Management Group Inc. now owns 793,544 shares of the financial services provider's stock valued at $10,832,000 after acquiring an additional 172,523 shares in the last quarter. American Century Companies Inc. raised its holdings in shares of Greenlight Capital Re by 36.3% during the second quarter. American Century Companies Inc. now owns 346,777 shares of the financial services provider's stock valued at $4,543,000 after acquiring an additional 92,364 shares in the last quarter. Wilmington Savings Fund Society FSB purchased a new stake in Greenlight Capital Re in the third quarter worth $1,188,000. Finally, Bank of Montreal Can bought a new stake in Greenlight Capital Re in the second quarter valued at $894,000. 41.52% of the stock is currently owned by hedge funds and other institutional investors.

Greenlight Capital Re Company Profile

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.