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

StockNews.com lowered shares of Greenlight Capital Re (NASDAQ:GLRE - Free Report) from a buy rating to a hold rating in a research report sent to investors on Thursday morning.

Greenlight Capital Re Price Performance

GLRE traded down $0.19 during trading on Thursday, reaching $13.56. The company's stock had a trading volume of 47,609 shares, compared to its average volume of 84,408. The company has a market cap of $472.29 million, a price-to-earnings ratio of 5.38 and a beta of 0.89. The firm has a fifty day simple moving average of $14.33 and a two-hundred day simple moving average of $13.82. Greenlight Capital Re has a 1 year low of $11.08 and a 1 year high of $15.82. 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 (NASDAQ:GLRE - Get Free Report) last announced its quarterly earnings data on Monday, November 4th. The financial services provider reported $1.01 EPS for the quarter, topping analysts' consensus estimates of $0.65 by $0.36. The firm had revenue of $188.01 million for the quarter. Greenlight Capital Re had a return on equity of 13.95% and a net margin of 12.38%. During the same quarter in the previous year, the business posted $0.39 EPS.

Institutional Investors Weigh In On Greenlight Capital Re

Hedge funds have recently modified their holdings of the company. American Century Companies Inc. boosted its holdings in Greenlight Capital Re by 36.3% in the 2nd quarter. American Century Companies Inc. now owns 346,777 shares of the financial services provider's stock valued at $4,543,000 after purchasing an additional 92,364 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in Greenlight Capital Re by 2.4% in the second quarter. Dimensional Fund Advisors LP now owns 2,040,466 shares of the financial services provider's stock valued at $26,730,000 after acquiring an additional 48,317 shares during the last quarter. Vanguard Personalized Indexing Management LLC acquired a new position in Greenlight Capital Re in the second quarter valued at approximately $138,000. Bank of Montreal Can purchased a new position in Greenlight Capital Re in the second quarter worth approximately $894,000. Finally, AQR Capital Management LLC increased its stake in Greenlight Capital Re by 48.1% during the second quarter. AQR Capital Management LLC now owns 25,399 shares of the financial services provider's stock worth $333,000 after acquiring an additional 8,246 shares during the last quarter. Hedge funds and other institutional investors own 41.52% of the company's stock.

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.