Greenlight Capital Re (NASDAQ:GLRE) was downgraded by equities researchers at BidaskClub from a “hold” rating to a “sell” rating in a note issued to investors on Thursday.
A number of other analysts have also recently commented on the stock. Zacks Investment Research cut shares of Greenlight Capital Re from a “hold” rating to a “strong sell” rating in a research report on Wednesday, January 3rd. ValuEngine cut shares of Greenlight Capital Re from a “hold” rating to a “sell” rating in a research report on Saturday, December 9th. Finally, TheStreet upgraded shares of Greenlight Capital Re from a “c” rating to a “b-” rating in a research report on Wednesday, November 1st.
Greenlight Capital Re (NASDAQ:GLRE) traded up $0.25 on Thursday, hitting $20.70. 118,500 shares of the company were exchanged, compared to its average volume of 140,179. Greenlight Capital Re has a 1-year low of $19.70 and a 1-year high of $23.75. The company has a market cap of $765.65, a PE ratio of 19.35 and a beta of 0.77.
Greenlight Capital Re (NASDAQ:GLRE) last released its quarterly earnings data on Monday, October 30th. The financial services provider reported $0.53 EPS for the quarter, missing the Zacks’ consensus estimate of $0.79 by ($0.26). Greenlight Capital Re had a net margin of 5.91% and a return on equity of 4.74%. The firm had revenue of $236.15 million during the quarter, compared to the consensus estimate of $200.80 million. research analysts anticipate that Greenlight Capital Re will post -0.75 EPS for the current year.
Several institutional investors and hedge funds have recently added to or reduced their stakes in GLRE. Schwab Charles Investment Management Inc. increased its holdings in Greenlight Capital Re by 0.6% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 117,135 shares of the financial services provider’s stock worth $2,449,000 after purchasing an additional 665 shares in the last quarter. Rhumbline Advisers increased its holdings in Greenlight Capital Re by 3.3% during the 2nd quarter. Rhumbline Advisers now owns 35,787 shares of the financial services provider’s stock worth $748,000 after purchasing an additional 1,133 shares in the last quarter. SG Americas Securities LLC bought a new position in Greenlight Capital Re during the 2nd quarter worth about $113,000. Wells Fargo & Company MN increased its holdings in Greenlight Capital Re by 4.2% during the 2nd quarter. Wells Fargo & Company MN now owns 95,480 shares of the financial services provider’s stock worth $1,994,000 after purchasing an additional 3,858 shares in the last quarter. Finally, Systematic Financial Management LP bought a new position in Greenlight Capital Re during the 2nd quarter worth about $1,434,000. Institutional investors and hedge funds own 46.96% of the company’s stock.
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Greenlight Capital Re Company Profile
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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