Trexquant Investment LP boosted its stake in shares of Greenlight Capital Re, Ltd. (NASDAQ:GLRE - Free Report) by 57.7% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 68,787 shares of the financial services provider's stock after purchasing an additional 25,173 shares during the quarter. Trexquant Investment LP owned approximately 0.20% of Greenlight Capital Re worth $963,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also made changes to their positions in GLRE. JPMorgan Chase & Co. increased its position in shares of 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 valued at $664,000 after purchasing an additional 36,116 shares during the last quarter. Barclays PLC lifted its holdings in Greenlight Capital Re by 275.5% during the 3rd quarter. Barclays PLC now owns 36,077 shares of the financial services provider's stock worth $493,000 after buying an additional 26,468 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. purchased a new position in shares of Greenlight Capital Re in the 4th quarter valued at about $367,000. Wilmington Savings Fund Society FSB acquired a new stake in Greenlight Capital Re during the third quarter worth approximately $1,188,000. Finally, Empowered Funds LLC grew its position in shares of Greenlight Capital Re by 62.7% in the 4th quarter. Empowered Funds LLC now owns 108,739 shares of the financial services provider's stock valued at $1,522,000 after buying an additional 41,887 shares during the last quarter. Hedge funds and other institutional investors own 41.52% of the company's stock.
Greenlight Capital Re Price Performance
Shares of GLRE traded up $0.03 during mid-day trading on Wednesday, hitting $13.28. The company's stock had a trading volume of 2,752 shares, compared to its average volume of 88,688. The firm has a 50-day simple moving average of $13.41 and a 200 day simple moving average of $13.85. The firm has a market capitalization of $459.01 million, a P/E ratio of 5.26 and a beta of 0.66. The company has a current ratio of 3.02, a quick ratio of 3.02 and a debt-to-equity ratio of 0.09. Greenlight Capital Re, Ltd. has a 1-year low of $11.93 and a 1-year high of $15.82.
Greenlight Capital Re (NASDAQ:GLRE - Get Free Report) last announced its quarterly earnings results on Monday, March 10th. The financial services provider reported ($0.81) EPS for the quarter, missing the consensus estimate of $0.59 by ($1.40). Greenlight Capital Re had a return on equity of 13.95% and a net margin of 12.38%. The firm had revenue of $143.76 million for the quarter.
Analyst Upgrades and Downgrades
Separately, StockNews.com cut Greenlight Capital Re from a "buy" rating to a "hold" rating in a research report on Wednesday, March 12th.
Read Our Latest Stock Analysis on GLRE
Insider Activity at Greenlight Capital Re
In other Greenlight Capital Re news, insider Brian Joseph Oreilly sold 8,000 shares of Greenlight Capital Re stock in a transaction dated Wednesday, March 26th. The stock was sold at an average price of $14.00, for a total value of $112,000.00. Following the completion of the sale, the insider now owns 99,330 shares in the company, valued at $1,390,620. The trade was a 7.45 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 22.79% of the stock is currently owned by corporate insiders.
Greenlight Capital Re Company Profile
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Free Report)
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.
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