Greenlight Capital Re (NASDAQ:GLRE) was downgraded by research analysts at BidaskClub from a “hold” rating to a “sell” rating in a note issued to investors on Thursday, January 11th.
Several other equities analysts have also weighed in on GLRE. Zacks Investment Research lowered Greenlight Capital Re from a “buy” rating to a “hold” rating in a research note on Friday, September 29th. TheStreet upgraded Greenlight Capital Re from a “c” rating to a “b-” rating in a report on Wednesday, November 1st. Finally, ValuEngine cut Greenlight Capital Re from a “hold” rating to a “sell” rating in a report on Saturday, December 9th.
Greenlight Capital Re (NASDAQ:GLRE) traded down $0.10 during midday trading on Thursday, hitting $19.35. The company’s stock had a trading volume of 279,322 shares, compared to its average volume of 103,927. The stock has a market cap of $726.40, a price-to-earnings ratio of 17.59 and a beta of 0.73. Greenlight Capital Re has a twelve month low of $19.25 and a twelve month high of $23.45.
Several hedge funds have recently added to or reduced their stakes in GLRE. Nationwide Fund Advisors raised its position in Greenlight Capital Re by 72.0% in the second quarter. Nationwide Fund Advisors now owns 38,808 shares of the financial services provider’s stock valued at $811,000 after purchasing an additional 16,240 shares during the period. Arlington Partners LLC purchased a new stake in Greenlight Capital Re in the fourth quarter valued at approximately $339,000. OxFORD Asset Management LLP purchased a new stake in Greenlight Capital Re in the third quarter valued at approximately $397,000. Stevens Capital Management LP purchased a new stake in Greenlight Capital Re in the third quarter valued at approximately $270,000. Finally, Citadel Advisors LLC increased its position in shares of Greenlight Capital Re by 42.7% during the third quarter. Citadel Advisors LLC now owns 53,239 shares of the financial services provider’s stock worth $1,153,000 after acquiring an additional 15,940 shares during the period. 46.95% of the stock is currently owned by hedge funds and other institutional investors.
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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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