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

Greenlight Capital Re (NASDAQ:GLRE) was downgraded by investment analysts at StockNews.com from a “buy” rating to a “hold” rating in a research note issued on Thursday.

Greenlight Capital Re Stock Up 2.1 %

Shares of Greenlight Capital Re stock traded up $0.27 during midday trading on Thursday, hitting $13.01. The company had a trading volume of 84,447 shares, compared to its average volume of 75,245. The company has a 50 day moving average of $12.27 and a 200 day moving average of $11.64. The stock has a market capitalization of $460.06 million, a P/E ratio of 5.47 and a beta of 0.80. Greenlight Capital Re has a 52-week low of $9.48 and a 52-week high of $13.05. The company has a debt-to-equity ratio of 0.12, a quick ratio of 3.29 and a current ratio of 3.29.

Greenlight Capital Re (NASDAQ:GLRE) last released its earnings results on Tuesday, March 5th. The financial services provider reported $0.50 EPS for the quarter. The firm had revenue of $143.01 million for the quarter. Greenlight Capital Re had a return on equity of 15.48% and a net margin of 13.32%.

Insiders Place Their Bets

In other news, Director Ian Isaacs sold 9,019 shares of the stock in a transaction that occurred on Wednesday, March 27th. The shares were sold at an average price of $12.00, for a total transaction of $108,228.00. Following the sale, the director now owns 87,591 shares in the company, valued at $1,051,092. The transaction was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 27.10% of the company’s stock.

Institutional Trading of Greenlight Capital Re

A number of institutional investors have recently made changes to their positions in GLRE. BNP Paribas Financial Markets raised its holdings in shares of Greenlight Capital Re by 2.9% during the first quarter. BNP Paribas Financial Markets now owns 51,052 shares of the financial services provider’s stock valued at $637,000 after purchasing an additional 1,418 shares during the last quarter. Bfsg LLC lifted its holdings in shares of Greenlight Capital Re by 161.9% during the 1st quarter. Bfsg LLC now owns 4,610 shares of the financial services provider’s stock valued at $57,000 after buying an additional 2,850 shares during the period. SG Americas Securities LLC boosted its stake in shares of Greenlight Capital Re by 26.8% in the 4th quarter. SG Americas Securities LLC now owns 14,095 shares of the financial services provider’s stock worth $161,000 after buying an additional 2,978 shares during the last quarter. Allspring Global Investments Holdings LLC grew its holdings in shares of Greenlight Capital Re by 40.4% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 11,521 shares of the financial services provider’s stock worth $132,000 after acquiring an additional 3,315 shares during the period. Finally, Tower Research Capital LLC TRC increased its position in Greenlight Capital Re by 140.9% during the fourth quarter. Tower Research Capital LLC TRC now owns 6,634 shares of the financial services provider’s stock valued at $76,000 after acquiring an additional 3,880 shares during the last quarter. Hedge funds and other institutional investors own 41.52% of the company’s stock.

About Greenlight Capital Re

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.