Vanguard Group Inc. reduced its position in Greenlight Capital Re, Ltd. (NASDAQ:GLRE - Free Report) by 1.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,399,912 shares of the financial services provider's stock after selling 22,818 shares during the period. Vanguard Group Inc. owned approximately 4.02% of Greenlight Capital Re worth $19,599,000 as of its most recent SEC filing.
Other institutional investors have also modified their holdings of the company. Bfsg LLC lifted its stake in shares of Greenlight Capital Re by 13.3% during the fourth quarter. Bfsg LLC now owns 7,405 shares of the financial services provider's stock worth $104,000 after purchasing an additional 870 shares in the last quarter. SG Americas Securities LLC raised 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 valued at $164,000 after buying an additional 1,971 shares during the period. R Squared Ltd acquired a new position in Greenlight Capital Re during the 4th quarter worth approximately $29,000. Charles Schwab Investment Management Inc. boosted 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. Finally, Empirical Financial Services LLC d.b.a. Empirical Wealth Management grew its position in Greenlight Capital Re by 14.3% in the fourth quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 28,363 shares of the financial services provider's stock valued at $397,000 after acquiring an additional 3,551 shares in the last quarter. Hedge funds and other institutional investors own 41.52% of the company's stock.
Insider Buying and Selling at Greenlight Capital Re
In other Greenlight Capital Re news, insider Brian Joseph Oreilly sold 8,000 shares of the business's stock in a transaction on Wednesday, March 26th. The shares were sold at an average price of $14.00, for a total transaction 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 22.79% of the stock is currently owned by insiders.
Greenlight Capital Re Stock Up 1.4 %
NASDAQ GLRE traded up $0.18 during mid-day trading on Tuesday, reaching $13.48. 87,653 shares of the company's stock traded hands, compared to its average volume of 89,472. 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. The company has a fifty day simple moving average of $13.41 and a 200-day simple moving average of $13.84. The company has a market cap of $465.92 million, a price-to-earnings ratio of 5.35 and a beta of 0.66.
Greenlight Capital Re (NASDAQ:GLRE - Get Free Report) last issued its quarterly earnings results on Monday, March 10th. The financial services provider reported ($0.81) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.59 by ($1.40). The company had revenue of $143.76 million during the quarter. Greenlight Capital Re had a return on equity of 13.95% and a net margin of 12.38%.
Analyst Ratings Changes
Separately, StockNews.com lowered shares of Greenlight Capital Re from a "buy" rating to a "hold" rating in a report on Wednesday, March 12th.
View Our Latest Stock Analysis on Greenlight Capital Re
Greenlight Capital Re Company Profile
(
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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