Dimensional Fund Advisors LP lifted its position in Greenlight Reinsurance, Ltd. (NASDAQ:GLRE) by 8.1% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,937,805 shares of the financial services provider’s stock after acquiring an additional 145,473 shares during the quarter. Dimensional Fund Advisors LP owned 5.19% of Greenlight Reinsurance worth $40,500,000 as of its most recent SEC filing.
A number of other large investors also recently added to or reduced their stakes in GLRE. Vanguard Group Inc. raised its position in shares of Greenlight Reinsurance by 3.0% during the second quarter. Vanguard Group Inc. now owns 2,513,766 shares of the financial services provider’s stock worth $52,538,000 after purchasing an additional 73,367 shares during the period. Northern Trust Corp boosted its stake in shares of Greenlight Reinsurance by 3.1% during the 2nd quarter. Northern Trust Corp now owns 373,483 shares of the financial services provider’s stock worth $7,805,000 after acquiring an additional 11,095 shares in the last quarter. GSA Capital Partners LLP lifted its position in shares of Greenlight Reinsurance by 27.1% during the 2nd quarter. GSA Capital Partners LLP now owns 32,162 shares of the financial services provider’s stock worth $672,000 after purchasing an additional 6,862 shares during the last quarter. Menta Capital LLC lifted its position in shares of Greenlight Reinsurance by 78.0% during the 2nd quarter. Menta Capital LLC now owns 47,922 shares of the financial services provider’s stock worth $1,002,000 after purchasing an additional 20,999 shares during the last quarter. Finally, New York State Common Retirement Fund lifted its position in shares of Greenlight Reinsurance by 12.5% during the 2nd quarter. New York State Common Retirement Fund now owns 32,500 shares of the financial services provider’s stock worth $679,000 after purchasing an additional 3,599 shares during the last quarter. Institutional investors and hedge funds own 45.49% of the company’s stock.
Greenlight Reinsurance, Ltd. (NASDAQ:GLRE) traded up $0.10 during midday trading on Friday, hitting $21.35. 57,700 shares of the stock were exchanged, compared to its average volume of 123,113. Greenlight Reinsurance, Ltd. has a 52 week low of $19.70 and a 52 week high of $24.10. The firm has a market capitalization of $793.62, a P/E ratio of 19.32 and a beta of 0.79.
Greenlight Reinsurance (NASDAQ:GLRE) last announced its quarterly earnings data on Monday, October 30th. The financial services provider reported $0.53 EPS for the quarter, missing the consensus estimate of $0.79 by ($0.26). The firm had revenue of $236.15 million for the quarter, compared to analyst estimates of $200.80 million. Greenlight Reinsurance had a net margin of 5.91% and a return on equity of 4.74%. research analysts predict that Greenlight Reinsurance, Ltd. will post 0.05 EPS for the current year.
In other news, Director Leonard R. Goldberg sold 1,754 shares of the stock in a transaction that occurred on Tuesday, August 15th. The shares were sold at an average price of $22.76, for a total transaction of $39,921.04. Following the completion of the transaction, the director now directly owns 170,021 shares of the company’s stock, valued at approximately $3,869,677.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 21.81% of the company’s stock.
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A number of equities analysts have recently issued reports on GLRE shares. ValuEngine cut Greenlight Reinsurance from a “buy” rating to a “hold” rating in a report on Friday, September 1st. Zacks Investment Research lowered Greenlight Reinsurance from a “buy” rating to a “hold” rating in a research report on Friday, September 15th. Finally, BidaskClub downgraded Greenlight Reinsurance from a “hold” rating to a “sell” rating in a research note on Wednesday, July 19th.
About Greenlight Reinsurance
Greenlight Capital Re, Ltd. is a holding company. The Company analyzes its underwriting operations using two categories: frequency business, which is characterized as contracts containing a number of small losses emanating from multiple events, and severity business, which is characterized as contracts with the potential for significant losses emanating from one event or multiple events.
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