Greenlight Capital Re, Ltd. (NASDAQ:GLRE) – Equities researchers at Langen Mcalenn dropped their Q2 2018 earnings per share (EPS) estimates for shares of Greenlight Capital Re in a report released on Thursday. Langen Mcalenn analyst R. Glasspiegel now expects that the financial services provider will post earnings per share of $0.74 for the quarter, down from their prior forecast of $0.78. Langen Mcalenn also issued estimates for Greenlight Capital Re’s Q3 2018 earnings at $0.41 EPS and Q4 2018 earnings at $0.57 EPS.
A number of other equities research analysts have also recently commented on GLRE. TheStreet raised shares of Greenlight Capital Re from a “c” rating to a “b-” rating in a report on Wednesday, November 1st. Zacks Investment Research raised shares of Greenlight Capital Re from a “sell” rating to a “hold” rating in a report on Friday, November 3rd. ValuEngine cut shares of Greenlight Capital Re from a “hold” rating to a “sell” rating in a report on Saturday, December 9th. Finally, BidaskClub cut shares of Greenlight Capital Re from a “hold” rating to a “sell” rating in a report on Friday, December 15th.
Shares of Greenlight Capital Re (GLRE) opened at $19.35 on Friday. Greenlight Capital Re has a 1-year low of $19.25 and a 1-year high of $23.45. The company has a market cap of $726.40, a PE ratio of 17.59 and a beta of 0.73.
Large investors have recently made changes to their positions in the company. Nationwide Fund Advisors raised its holdings in shares of 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 buying an additional 16,240 shares during the last quarter. Arlington Partners LLC purchased a new position in Greenlight Capital Re during the fourth quarter worth about $339,000. OxFORD Asset Management LLP purchased a new position in Greenlight Capital Re during the third quarter worth about $397,000. Stevens Capital Management LP purchased a new position in Greenlight Capital Re during the third quarter worth about $270,000. Finally, Citadel Advisors LLC raised its holdings in 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 purchasing an additional 15,940 shares in the last quarter. 46.95% of the stock is owned by institutional investors and hedge funds.
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About Greenlight Capital Re
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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