Wilmington Savings Fund Society FSB purchased a new position in Greenlight Capital Re, Ltd. (NASDAQ:GLRE - Free Report) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 87,000 shares of the financial services provider's stock, valued at approximately $1,188,000. Wilmington Savings Fund Society FSB owned about 0.25% of Greenlight Capital Re at the end of the most recent quarter.
Other hedge funds have also recently made changes to their positions in the company. Ridgewood Investments LLC purchased a new position in Greenlight Capital Re during the 2nd quarter worth approximately $37,000. CWM LLC grew its stake in Greenlight Capital Re by 37.3% in the 2nd quarter. CWM LLC now owns 3,702 shares of the financial services provider's stock valued at $48,000 after acquiring an additional 1,005 shares during the period. Bfsg LLC lifted its holdings in Greenlight Capital Re by 25.8% in the 3rd quarter. Bfsg LLC now owns 6,535 shares of the financial services provider's stock valued at $89,000 after purchasing an additional 1,340 shares in the last quarter. SG Americas Securities LLC purchased a new position in Greenlight Capital Re in the 3rd quarter valued at $133,000. Finally, Centiva Capital LP purchased a new position in shares of Greenlight Capital Re during the 3rd quarter worth $139,000. 41.52% of the stock is currently owned by institutional investors.
Insider Activity
In related news, Director Ian Isaacs sold 7,159 shares of the stock in a transaction on Friday, September 27th. The stock was sold at an average price of $13.81, for a total transaction of $98,865.79. Following the completion of the sale, the director now directly owns 86,984 shares of the company's stock, valued at $1,201,249.04. This trade represents a 7.60 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 22.79% of the company's stock.
Greenlight Capital Re Stock Down 1.8 %
Shares of GLRE stock traded down $0.27 during trading hours on Friday, reaching $14.63. 59,453 shares of the stock were exchanged, compared to its average volume of 84,772. The business's fifty day moving average is $14.31 and its two-hundred day moving average is $13.62. The company has a debt-to-equity ratio of 0.09, a current ratio of 3.02 and a quick ratio of 3.02. Greenlight Capital Re, Ltd. has a 12-month low of $10.80 and a 12-month high of $15.82. The firm has a market capitalization of $509.56 million, a P/E ratio of 5.81 and a beta of 0.88.
Greenlight Capital Re (NASDAQ:GLRE - Get Free Report) last announced its quarterly earnings results on Monday, November 4th. The financial services provider reported $1.01 EPS for the quarter, beating the consensus estimate of $0.65 by $0.36. The company had revenue of $188.01 million for the quarter. Greenlight Capital Re had a net margin of 12.38% and a return on equity of 13.95%. During the same quarter in the prior year, the company earned $0.39 earnings per share.
Wall Street Analyst Weigh In
Separately, StockNews.com upgraded shares of Greenlight Capital Re from a "hold" rating to a "buy" rating in a report on Friday, November 8th.
Read Our Latest Analysis on GLRE
About Greenlight Capital Re
(
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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