Greenlight Capital Re (GLRE) Cut to Sell at BidaskClub

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.

TRADEMARK VIOLATION WARNING: This piece was originally published by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are viewing this piece on another site, it was illegally copied and republished in violation of US & international copyright law. The legal version of this piece can be read at https://www.dispatchtribunal.com/2018/02/03/greenlight-capital-re-glre-downgraded-by-bidaskclub.html.

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.

Receive News & Ratings for Greenlight Capital Re Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Greenlight Capital Re and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply