Greenlight Capital Re, Ltd. (NASDAQ:GLRE) Shares Bought by AQR Capital Management LLC

AQR Capital Management LLC increased its holdings in Greenlight Capital Re, Ltd. (NASDAQ:GLRE) by 48.1% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 25,399 shares of the financial services provider’s stock after buying an additional 8,246 shares during the quarter. AQR Capital Management LLC owned about 0.07% of Greenlight Capital Re worth $333,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Bank of Montreal Can acquired a new position in Greenlight Capital Re in the 2nd quarter worth approximately $894,000. Vanguard Personalized Indexing Management LLC acquired a new position in Greenlight Capital Re in the 2nd quarter worth approximately $138,000. Sierra Summit Advisors LLC increased its holdings in Greenlight Capital Re by 16.3% in the 2nd quarter. Sierra Summit Advisors LLC now owns 51,409 shares of the financial services provider’s stock worth $673,000 after buying an additional 7,191 shares during the period. Dimensional Fund Advisors LP increased its holdings 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 worth $26,730,000 after buying an additional 48,317 shares during the period. Finally, American Century Companies Inc. boosted its position 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 worth $4,543,000 after purchasing an additional 92,364 shares in the last quarter. Institutional investors and hedge funds own 41.52% of the company’s stock.

Insider Activity

In other news, Director Ian Isaacs sold 7,159 shares of the stock in a transaction that occurred on Friday, September 27th. The stock was sold at an average price of $13.81, for a total transaction of $98,865.79. Following the transaction, the director now owns 86,984 shares in the company, valued at $1,201,249.04. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 22.79% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded Greenlight Capital Re from a “hold” rating to a “buy” rating in a research report on Friday, October 4th.

Greenlight Capital Re Trading Up 1.1 %

Greenlight Capital Re stock opened at $13.80 on Thursday. The company has a current ratio of 3.00, a quick ratio of 3.00 and a debt-to-equity ratio of 0.10. Greenlight Capital Re, Ltd. has a 12 month low of $10.49 and a 12 month high of $14.31. The stock’s 50 day simple moving average is $13.62 and its two-hundred day simple moving average is $13.10. The firm has a market cap of $487.43 million, a PE ratio of 4.62 and a beta of 0.85.

Greenlight Capital Re (NASDAQ:GLRE) last released its quarterly earnings data on Tuesday, August 6th. The financial services provider reported $0.23 EPS for the quarter, missing the consensus estimate 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.