Greenlight Capital Re, Ltd. (NASDAQ:GLRE) Shares Purchased by AQR Capital Management LLC

AQR Capital Management LLC grew its stake in Greenlight Capital Re, Ltd. (NASDAQ:GLRE) by 48.1% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 25,399 shares of the financial services provider’s stock after acquiring an additional 8,246 shares during the quarter. AQR Capital Management LLC’s holdings in Greenlight Capital Re were worth $333,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Bank of Montreal Can acquired a new stake in shares of Greenlight Capital Re in the 2nd quarter worth $894,000. Vanguard Personalized Indexing Management LLC acquired a new stake in shares of Greenlight Capital Re in the 2nd quarter worth $138,000. Sierra Summit Advisors LLC increased its stake in shares of Greenlight Capital Re by 16.3% in the 2nd quarter. Sierra Summit Advisors LLC now owns 51,409 shares of the financial services provider’s stock worth $673,000 after acquiring an additional 7,191 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in shares of Greenlight Capital Re by 2.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,040,466 shares of the financial services provider’s stock worth $26,730,000 after acquiring an additional 48,317 shares during the last quarter. Finally, American Century Companies Inc. increased its stake in shares of Greenlight Capital Re by 36.3% in the 2nd quarter. American Century Companies Inc. now owns 346,777 shares of the financial services provider’s stock worth $4,543,000 after acquiring an additional 92,364 shares during the last quarter. 41.52% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, Director Ian Isaacs sold 7,159 shares of the firm’s stock in a transaction dated 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 approximately $1,201,249.04. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 22.79% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com raised Greenlight Capital Re from a “hold” rating to a “buy” rating in a research note on Friday, October 4th.

Greenlight Capital Re Stock Up 1.1 %

Shares of NASDAQ:GLRE opened at $13.80 on Thursday. The business has a 50-day moving average price of $13.62 and a 200 day moving average price of $13.10. The company has a current ratio of 3.00, a quick ratio of 3.00 and a debt-to-equity ratio of 0.10. The company has a market capitalization of $487.43 million, a price-to-earnings ratio of 4.62 and a beta of 0.85. Greenlight Capital Re, Ltd. has a 12-month low of $10.49 and a 12-month high of $14.31.

Greenlight Capital Re (NASDAQ:GLRE) last issued its quarterly earnings data on Tuesday, August 6th. The financial services provider reported $0.23 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.02). The business had revenue of $174.86 million for the quarter. Greenlight Capital Re had a return on equity of 10.88% and a net margin of 9.60%.

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.