Greenlight Capital Re (NASDAQ:GLRE) Stock Price Passes Above 200-Day Moving Average of $12.17

Greenlight Capital Re, Ltd. (NASDAQ:GLRE) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $12.17 and traded as high as $12.59. Greenlight Capital Re shares last traded at $12.36, with a volume of 45,875 shares changing hands.

Analyst Upgrades and Downgrades

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

Greenlight Capital Re Stock Down 2.2 %

The company has a market capitalization of $436.57 million, a PE ratio of 4.13 and a beta of 0.84. The company’s fifty day moving average is $12.90 and its 200-day moving average is $12.17. The company has a debt-to-equity ratio of 0.12, a quick ratio of 3.09 and a current ratio of 3.09.

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

Institutional Investors Weigh In On Greenlight Capital Re

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Dimensional Fund Advisors LP boosted its stake in shares of Greenlight Capital Re by 5.8% in the fourth 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 during the period. Vanguard Group Inc. boosted its stake in Greenlight Capital Re by 0.6% in the 1st 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 period. Private Management Group Inc. grew its holdings in Greenlight Capital Re by 69.0% during the 1st quarter. Private Management Group Inc. now owns 452,313 shares of the financial services provider’s stock valued at $5,640,000 after buying an additional 184,620 shares in the last quarter. Lancaster Investment Management bought a new stake in shares of Greenlight Capital Re during the fourth quarter valued at approximately $1,256,000. Finally, Boston Partners bought a new stake in shares of Greenlight Capital Re during the first quarter valued at approximately $828,000. 41.52% of the stock is owned by institutional investors.

Greenlight Capital Re Company Profile

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.