Greenlight Capital Re, Ltd. (NASDAQ:GLRE) Short Interest Update

Greenlight Capital Re, Ltd. (NASDAQ:GLRE) was the recipient of a significant decrease in short interest during the month of May. As of May 31st, there was short interest totalling 425,800 shares, a decrease of 5.3% from the May 15th total of 449,700 shares. Based on an average trading volume of 60,500 shares, the short-interest ratio is currently 7.0 days. Approximately 1.6% of the company’s stock are sold short.

Wall Street Analysts Forecast Growth

Separately, StockNews.com downgraded Greenlight Capital Re from a “buy” rating to a “hold” rating in a research note on Friday, May 17th.

Greenlight Capital Re Stock Up 2.4 %

NASDAQ GLRE opened at $13.05 on Tuesday. The stock’s 50-day moving average price is $12.76 and its 200-day moving average price is $12.03. The company has a quick ratio of 3.09, a current ratio of 3.09 and a debt-to-equity ratio of 0.12. Greenlight Capital Re has a 52 week low of $9.77 and a 52 week high of $13.60. The company has a market capitalization of $460.93 million, a P/E ratio of 4.36 and a beta of 0.77.

Greenlight Capital Re (NASDAQ:GLRE) last issued its earnings results on Wednesday, May 8th. The financial services provider reported $0.78 earnings per share (EPS) for the quarter. The company had revenue of $182.89 million for the quarter. Greenlight Capital Re had a return on equity of 18.32% and a net margin of 15.69%.

Insider Transactions at Greenlight Capital Re

In related news, Director Ian Isaacs sold 9,019 shares of the stock in a transaction on Wednesday, March 27th. The stock was sold at an average price of $12.00, for a total transaction of $108,228.00. Following the sale, the director now directly owns 87,591 shares of the company’s stock, valued at $1,051,092. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders own 22.79% of the company’s stock.

Hedge Funds Weigh In On Greenlight Capital Re

Institutional investors have recently added to or reduced their stakes in the company. Bfsg LLC grew its holdings in 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 in the last quarter. Tower Research Capital LLC TRC boosted its holdings in Greenlight Capital Re by 140.9% during the 4th 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 period. Acadian Asset Management LLC purchased a new position in Greenlight Capital Re during the 3rd quarter valued at $123,000. Allspring Global Investments Holdings LLC boosted its holdings in Greenlight Capital Re by 40.4% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 11,521 shares of the financial services provider’s stock valued at $132,000 after acquiring an additional 3,315 shares during the period. Finally, Rathbones Group PLC purchased a new position in Greenlight Capital Re during the 3rd quarter valued at $144,000. 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.