Greenlight Capital Re (GLRE) Stock Rating Lowered by TheStreet

TheStreet lowered shares of Greenlight Capital Re (NASDAQ:GLRE) from a b- rating to a c+ rating in a research report released on Wednesday morning.

A number of other research analysts have also recently commented on GLRE. BidaskClub cut Greenlight Capital Re from a sell rating to a strong sell rating in a research report on Thursday. Zacks Investment Research raised Greenlight Capital Re from a hold rating to a buy rating and set a $24.00 price target on the stock in a research report on Tuesday, November 28th. Finally, ValuEngine cut Greenlight Capital Re from a hold rating to a sell rating in a research report on Saturday, December 9th.

Greenlight Capital Re (GLRE) opened at $18.05 on Wednesday. Greenlight Capital Re has a 1 year low of $17.40 and a 1 year high of $23.45. The company has a market capitalization of $655.44, a price-to-earnings ratio of 16.41 and a beta of 0.73.

Hedge funds and other institutional investors have recently modified their holdings of the company. Crestline Management LP purchased a new position in shares of Greenlight Capital Re during the 4th quarter valued at $202,000. Teacher Retirement System of Texas purchased a new position in shares of Greenlight Capital Re during the 4th quarter valued at $207,000. Guggenheim Capital LLC purchased a new position in shares of Greenlight Capital Re during the 4th quarter valued at $232,000. Jefferies Group LLC purchased a new position in shares of Greenlight Capital Re during the 4th quarter valued at $239,000. Finally, Stevens Capital Management LP purchased a new position in shares of Greenlight Capital Re during the 3rd quarter valued at $270,000. 47.21% 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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