Greenlight Capital Re (NASDAQ:GLRE) Stock Rating Lowered by StockNews.com

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

Greenlight Capital Re Trading Up 0.4 %

NASDAQ GLRE opened at $13.62 on Thursday. The company has a debt-to-equity ratio of 0.09, a current ratio of 3.02 and a quick ratio of 3.02. The stock has a market capitalization of $474.38 million, a P/E ratio of 5.40 and a beta of 0.89. The firm’s 50-day moving average is $14.31 and its two-hundred day moving average is $13.82. Greenlight Capital Re has a 12 month low of $11.08 and a 12 month high of $15.82.

Greenlight Capital Re (NASDAQ:GLREGet Free Report) last issued 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 firm had revenue of $188.01 million for the quarter. During the same quarter in the prior year, the company posted $0.39 earnings per share.

Hedge Funds Weigh In On Greenlight Capital Re

Several hedge funds have recently bought and sold shares of GLRE. Dimensional Fund Advisors LP increased its stake in Greenlight Capital Re by 2.4% during the second quarter. Dimensional Fund Advisors LP now owns 2,040,466 shares of the financial services provider’s stock worth $26,730,000 after purchasing an additional 48,317 shares during the period. Private Management Group Inc. boosted its stake in shares of Greenlight Capital Re by 27.8% in the third quarter. Private Management Group Inc. now owns 793,544 shares of the financial services provider’s stock valued at $10,832,000 after purchasing an additional 172,523 shares during the period. State Street Corp grew its holdings in shares of Greenlight Capital Re by 1.1% in the third quarter. State Street Corp now owns 575,930 shares of the financial services provider’s stock valued at $7,861,000 after purchasing an additional 6,319 shares in the last quarter. CWA Asset Management Group LLC purchased a new stake in Greenlight Capital Re during the 3rd quarter worth approximately $4,972,000. Finally, American Century Companies Inc. lifted its holdings in Greenlight Capital Re by 36.3% during the 2nd quarter. American Century Companies Inc. now owns 346,777 shares of the financial services provider’s stock worth $4,543,000 after buying an additional 92,364 shares in the last quarter. Institutional investors and hedge funds own 41.52% of the company’s stock.

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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