Greenlight Capital Re (NASDAQ:GLRE) Sets New 52-Week High at $14.29

Greenlight Capital Re, Ltd. (NASDAQ:GLRE)’s stock price reached a new 52-week high during mid-day trading on Friday . The company traded as high as $14.29 and last traded at $14.27, with a volume of 80258 shares. The stock had previously closed at $14.11.

Analyst Ratings Changes

Separately, StockNews.com cut shares of Greenlight Capital Re from a “buy” rating to a “hold” rating in a research note on Thursday, August 15th.

Greenlight Capital Re Price Performance

The company has a fifty day simple moving average of $13.40 and a 200-day simple moving average of $12.87. The company has a market cap of $505.44 million, a P/E ratio of 4.77 and a beta of 0.86. The company has a debt-to-equity ratio of 0.10, a current ratio of 3.00 and a quick ratio of 3.00.

Greenlight Capital Re (NASDAQ:GLRE) last announced its earnings results 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). Greenlight Capital Re had a return on equity of 10.88% and a net margin of 9.60%. The company had revenue of $174.86 million for the quarter.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Private Management Group Inc. lifted its position in shares of Greenlight Capital Re by 69.0% in 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 acquiring an additional 184,620 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in 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 valued at $21,726,000 after purchasing an additional 104,721 shares during the period. Vanguard Group Inc. lifted its holdings in shares of 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 valued at $16,753,000 after purchasing an additional 8,489 shares in the last quarter. BNP Paribas Financial Markets boosted its position in shares of Greenlight Capital Re by 41.1% in the fourth quarter. BNP Paribas Financial Markets now owns 49,634 shares of the financial services provider’s stock worth $567,000 after buying an additional 14,452 shares during the period. Finally, CWM LLC grew its holdings in shares of Greenlight Capital Re by 37.3% during the second quarter. CWM LLC now owns 3,702 shares of the financial services provider’s stock valued at $48,000 after buying an additional 1,005 shares in the last quarter. 41.52% of the stock is currently owned by institutional investors and hedge funds.

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.