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

Greenlight Capital Re (NASDAQ:GLREGet Free Report) was downgraded by investment analysts at StockNews.com from a “buy” rating to a “hold” rating in a research report issued on Wednesday.

Greenlight Capital Re Stock Performance

Shares of GLRE stock opened at $13.92 on Wednesday. The company has a debt-to-equity ratio of 0.09, a quick ratio of 3.02 and a current ratio of 3.02. The firm’s 50-day simple moving average is $14.42 and its two-hundred day simple moving average is $13.77. Greenlight Capital Re has a 52 week low of $10.95 and a 52 week high of $15.82. The firm has a market cap of $484.86 million, a price-to-earnings ratio of 5.52 and a beta of 0.89.

Greenlight Capital Re (NASDAQ:GLREGet Free Report) last released its quarterly earnings data on Monday, November 4th. The financial services provider reported $1.01 EPS for the quarter, topping the consensus estimate of $0.65 by $0.36. Greenlight Capital Re had a net margin of 12.38% and a return on equity of 13.95%. The company had revenue of $188.01 million during the quarter. During the same period last year, the business posted $0.39 earnings per share.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of GLRE. Bfsg LLC boosted its stake in shares of Greenlight Capital Re by 25.8% in the 3rd quarter. Bfsg LLC now owns 6,535 shares of the financial services provider’s stock valued at $89,000 after purchasing an additional 1,340 shares in the last quarter. SG Americas Securities LLC purchased a new position in shares of Greenlight Capital Re during the third quarter valued at approximately $133,000. Vanguard Personalized Indexing Management LLC bought a new stake in shares of Greenlight Capital Re during the second quarter valued at approximately $138,000. Centiva Capital LP purchased a new position in Greenlight Capital Re in the 3rd quarter worth about $139,000. Finally, Metis Global Partners LLC bought a new position in Greenlight Capital Re in the third quarter valued at about $272,000. 41.52% of the stock is currently owned by institutional investors.

About Greenlight Capital Re

(Get Free Report)

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.

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