Greenlight Capital Re, Ltd. (NASDAQ:GLRE) Stock Holdings Lessened by Orchard Capital Management LLC

Orchard Capital Management LLC decreased its holdings in shares of Greenlight Capital Re, Ltd. (NASDAQ:GLRE) by 1.2% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 891,366 shares of the financial services provider’s stock after selling 10,789 shares during the period. Greenlight Capital Re comprises approximately 3.5% of Orchard Capital Management LLC’s investment portfolio, making the stock its 8th largest holding. Orchard Capital Management LLC owned approximately 2.52% of Greenlight Capital Re worth $11,677,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Dimensional Fund Advisors LP raised its stake in Greenlight Capital Re by 2.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,040,466 shares of the financial services provider’s stock valued at $26,730,000 after purchasing an additional 48,317 shares during the last quarter. Vanguard Group Inc. raised its stake in Greenlight Capital Re by 0.6% in the 1st quarter. Vanguard Group Inc. now owns 1,343,464 shares of the financial services provider’s stock valued at $16,753,000 after purchasing an additional 8,489 shares during the last quarter. Private Management Group Inc. raised its stake in Greenlight Capital Re by 37.3% in the 2nd quarter. Private Management Group Inc. now owns 621,021 shares of the financial services provider’s stock valued at $8,135,000 after purchasing an additional 168,708 shares during the last quarter. American Century Companies Inc. raised its stake in Greenlight Capital Re by 36.3% in the 2nd quarter. American Century Companies Inc. now owns 346,777 shares of the financial services provider’s stock valued at $4,543,000 after purchasing an additional 92,364 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its stake in Greenlight Capital Re by 15.5% in the 2nd quarter. Bank of New York Mellon Corp now owns 103,273 shares of the financial services provider’s stock valued at $1,353,000 after purchasing an additional 13,897 shares during the last quarter. Hedge funds and other institutional investors own 41.52% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com downgraded Greenlight Capital Re from a “buy” rating to a “hold” rating in a research note on Thursday, August 15th.

Greenlight Capital Re Stock Up 0.8 %

NASDAQ GLRE opened at $14.11 on Friday. Greenlight Capital Re, Ltd. has a one year low of $10.49 and a one year high of $14.27. The company has a market cap of $498.38 million, a P/E ratio of 4.72 and a beta of 0.86. The business has a fifty day moving average price of $13.40 and a 200 day moving average price of $12.87. The company has a debt-to-equity ratio of 0.10, a quick ratio of 3.00 and a current ratio of 3.00.

Greenlight Capital Re (NASDAQ:GLRE) last issued its earnings results on Tuesday, August 6th. The financial services provider reported $0.23 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.02). Greenlight Capital Re had a return on equity of 10.88% and a net margin of 9.60%. The company had revenue of $174.86 million during the quarter.

About Greenlight Capital Re

Greenlight Capital Re, Ltd., through its subsidiaries, operates as a property and casualty reinsurance company worldwide. The company offers various property reinsurance products and services, including automobile physical damage, personal lines, and commercial lines. It also provides casualty reinsurance products and services comprising general liability, motor liability, professional liability, and worker's compensation; and accident and health, transactional liability, mortgage insurance, surety, trade credit, marine, and energy, as well as other specialty products, such as aviation, crop, cyber, political, and terrorism products.