Glacier Peak Capital LLC Acquires New Holdings in Greenlight Capital Re, Ltd. (NASDAQ:GLRE)

Glacier Peak Capital LLC acquired a new stake in shares of Greenlight Capital Re, Ltd. (NASDAQ:GLRE) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 28,430 shares of the financial services provider’s stock, valued at approximately $616,000. Greenlight Capital Re comprises 0.8% of Glacier Peak Capital LLC’s portfolio, making the stock its 20th largest holding. Glacier Peak Capital LLC owned approximately 0.08% of Greenlight Capital Re as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Martingale Asset Management L P grew its holdings in shares of Greenlight Capital Re by 145.5% in the 4th quarter. Martingale Asset Management L P now owns 178,754 shares of the financial services provider’s stock worth $3,593,000 after acquiring an additional 105,946 shares during the period. AXA grew its holdings in Greenlight Capital Re by 222.5% during the 4th quarter. AXA now owns 142,396 shares of the financial services provider’s stock valued at $2,862,000 after buying an additional 98,245 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in Greenlight Capital Re by 4.9% during the 3rd quarter. Dimensional Fund Advisors LP now owns 2,033,550 shares of the financial services provider’s stock valued at $44,026,000 after buying an additional 95,745 shares during the last quarter. BlackRock Inc. grew its holdings in Greenlight Capital Re by 2.0% during the 4th quarter. BlackRock Inc. now owns 1,964,730 shares of the financial services provider’s stock valued at $39,490,000 after buying an additional 38,317 shares during the last quarter. Finally, Wells Fargo & Company MN grew its holdings in Greenlight Capital Re by 38.3% during the 3rd quarter. Wells Fargo & Company MN now owns 132,027 shares of the financial services provider’s stock valued at $2,858,000 after buying an additional 36,547 shares during the last quarter. 49.29% of the stock is owned by hedge funds and other institutional investors.

How to Become a New Pot Stock Millionaire

NASDAQ:GLRE opened at $15.45 on Friday. Greenlight Capital Re, Ltd. has a one year low of $15.10 and a one year high of $23.15.

Greenlight Capital Re (NASDAQ:GLRE) last issued its earnings results on Tuesday, February 20th. The financial services provider reported ($1.02) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.55) by ($0.47). The company had revenue of $124.54 million during the quarter, compared to analyst estimates of $157.50 million. Greenlight Capital Re had a negative net margin of 6.96% and a negative return on equity of 5.14%. equities analysts predict that Greenlight Capital Re, Ltd. will post -2.61 EPS for the current fiscal year.

In other Greenlight Capital Re news, insider Sherry Diaz sold 1,500 shares of the company’s stock in a transaction on Thursday, November 22nd. The stock was sold at an average price of $21.65, for a total value of $32,475.00. Following the transaction, the insider now owns 32,000 shares of the company’s stock, valued at $692,800. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Daniel Roitman acquired 35,000 shares of the stock in a transaction on Tuesday, March 6th. The shares were purchased at an average price of $16.49 per share, for a total transaction of $577,150.00. Following the completion of the transaction, the insider now owns 270,117 shares in the company, valued at approximately $4,454,229.33. The disclosure for this purchase can be found here. Insiders own 21.38% of the company’s stock.

Several research firms have recently issued reports on GLRE. Zacks Investment Research cut Greenlight Capital Re from a “buy” rating to a “hold” rating in a report on Friday, December 8th. BidaskClub lowered Greenlight Capital Re from a “hold” rating to a “sell” rating in a research report on Thursday, January 11th. UBS reaffirmed a “buy” rating and issued a $25.00 target price (down from $27.00) on shares of Greenlight Capital Re in a research report on Friday, February 23rd. ValuEngine lowered Greenlight Capital Re from a “hold” rating to a “sell” rating in a research report on Saturday, December 9th. Finally, TheStreet lowered Greenlight Capital Re from a “b-” rating to a “c+” rating in a research report on Wednesday, February 14th. Three investment analysts have rated the stock with a sell rating and one has issued a buy rating to the company’s stock. Greenlight Capital Re presently has a consensus rating of “Hold” and an average price target of $24.50.

ILLEGAL ACTIVITY WARNING: “Glacier Peak Capital LLC Acquires New Holdings in Greenlight Capital Re, Ltd. (NASDAQ:GLRE)” was originally published by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are viewing this story on another domain, it was stolen and reposted in violation of US & international copyright and trademark law. The legal version of this story can be read at https://www.dispatchtribunal.com/2018/04/07/glacier-peak-capital-llc-takes-position-in-greenlight-capital-re-ltd-glre.html.

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.

Institutional Ownership by Quarter for Greenlight Capital Re (NASDAQ:GLRE)

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