Greenlight Capital Re, Ltd. (NASDAQ:GLRE) Short Interest Update

Greenlight Capital Re, Ltd. (NASDAQ:GLRE) was the recipient of a large decline in short interest in March. As of March 31st, there was short interest totalling 445,600 shares, a decline of 7.1% from the March 15th total of 479,900 shares. Based on an average daily trading volume, of 80,900 shares, the days-to-cover ratio is presently 5.5 days. Currently, 1.7% of the company’s stock are sold short.

Insiders Place Their Bets

In other news, Director Ian Isaacs sold 9,019 shares of the company’s stock in a transaction dated Wednesday, March 27th. The shares were sold at an average price of $12.00, for a total value of $108,228.00. Following the sale, the director now owns 87,591 shares in the company, valued at approximately $1,051,092. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 27.10% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Greenlight Capital Re

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Punch & Associates Investment Management Inc. boosted its stake in shares of Greenlight Capital Re by 92.1% during the 3rd quarter. Punch & Associates Investment Management Inc. now owns 445,140 shares of the financial services provider’s stock valued at $4,781,000 after buying an additional 213,426 shares during the period. Deutsche Bank AG boosted its stake in shares of Greenlight Capital Re by 1,368.5% during the 1st quarter. Deutsche Bank AG now owns 160,116 shares of the financial services provider’s stock valued at $1,503,000 after buying an additional 149,213 shares during the period. Lancaster Investment Management bought a new position in shares of Greenlight Capital Re during the 4th quarter valued at $1,256,000. Dimensional Fund Advisors LP raised its holdings in shares of 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 in the last quarter. Finally, Renaissance Technologies LLC bought a new position in shares of Greenlight Capital Re during the 1st quarter valued at $601,000. Institutional investors and hedge funds own 41.52% of the company’s stock.

Greenlight Capital Re Price Performance

NASDAQ GLRE opened at $12.31 on Wednesday. Greenlight Capital Re has a 52 week low of $9.48 and a 52 week high of $12.89. The company has a current ratio of 3.29, a quick ratio of 3.29 and a debt-to-equity ratio of 0.12. The stock has a market cap of $435.28 million, a price-to-earnings ratio of 5.17 and a beta of 0.82. The company has a 50-day moving average price of $12.09 and a two-hundred day moving average price of $11.49.

Greenlight Capital Re (NASDAQ:GLRE) last posted its quarterly earnings data on Tuesday, March 5th. The financial services provider reported $0.50 earnings per share (EPS) for the quarter. The business had revenue of $143.01 million during the quarter. Greenlight Capital Re had a net margin of 13.32% and a return on equity of 15.48%.

Wall Street Analyst Weigh In

Separately, StockNews.com raised shares of Greenlight Capital Re from a “hold” rating to a “buy” rating in a research report on Monday, January 29th.

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.