Greenlight Capital Re (NASDAQ:GLRE) Share Price Passes Above Two Hundred Day Moving Average of $12.11

Greenlight Capital Re, Ltd. (NASDAQ:GLRE)’s share price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $12.11 and traded as high as $13.01. Greenlight Capital Re shares last traded at $12.76, with a volume of 44,834 shares.

Wall Street Analysts Forecast Growth

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

Greenlight Capital Re Stock Performance

The company has a market cap of $450.70 million, a PE ratio of 4.27 and a beta of 0.77. The company has a current ratio of 3.09, a quick ratio of 3.09 and a debt-to-equity ratio of 0.12. The business’s 50 day moving average is $12.84 and its two-hundred day moving average is $12.11.

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

Hedge Funds Weigh In On Greenlight Capital Re

Institutional investors have recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP raised its holdings in shares of Greenlight Capital Re by 5.8% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,902,489 shares of the financial services provider’s stock worth $21,726,000 after acquiring an additional 104,721 shares in the last quarter. Vanguard Group Inc. increased its position in Greenlight Capital Re by 0.6% in the first quarter. Vanguard Group Inc. now owns 1,343,464 shares of the financial services provider’s stock worth $16,753,000 after purchasing an additional 8,489 shares during the last quarter. Private Management Group Inc. raised its stake in Greenlight Capital Re by 69.0% during the first quarter. Private Management Group Inc. now owns 452,313 shares of the financial services provider’s stock valued at $5,640,000 after purchasing an additional 184,620 shares in the last quarter. Lancaster Investment Management bought a new position in Greenlight Capital Re during the fourth quarter valued at $1,256,000. Finally, Boston Partners bought a new position in Greenlight Capital Re during the first quarter valued at $828,000. 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.