Greenlight Capital Re (NASDAQ:GLRE) Stock Rating Upgraded by StockNews.com

Greenlight Capital Re (NASDAQ:GLRE) was upgraded by equities research analysts at StockNews.com from a “hold” rating to a “buy” rating in a research report issued on Friday.

Greenlight Capital Re Trading Down 4.5 %

Shares of GLRE stock opened at $14.78 on Friday. The firm has a market capitalization of $522.03 million, a P/E ratio of 5.87 and a beta of 0.85. Greenlight Capital Re has a twelve month low of $10.49 and a twelve month high of $15.82. The company has a quick ratio of 3.00, a current ratio of 3.00 and a debt-to-equity ratio of 0.10. The stock’s fifty day simple moving average is $13.79 and its 200 day simple moving average is $13.25.

Greenlight Capital Re (NASDAQ:GLRE) last issued its quarterly earnings data on Monday, November 4th. The financial services provider reported $1.01 earnings per share for the quarter, topping analysts’ consensus estimates of $0.65 by $0.36. The business had revenue of $188.01 million for the quarter. Greenlight Capital Re had a return on equity of 14.21% and a net margin of 12.38%. During the same quarter in the prior year, the firm earned $0.39 EPS.

Insider Buying and Selling at Greenlight Capital Re

In other Greenlight Capital Re news, Director Ian Isaacs sold 7,159 shares of the company’s stock in a transaction dated Friday, September 27th. The stock was sold at an average price of $13.81, for a total value of $98,865.79. Following the sale, the director now owns 86,984 shares in the company, valued at approximately $1,201,249.04. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 22.79% of the company’s stock.

Institutional Investors Weigh In On Greenlight Capital Re

Institutional investors have recently made changes to their positions in the stock. Ridgewood Investments LLC bought a new stake in shares of Greenlight Capital Re in the 2nd quarter valued at about $37,000. CWM LLC lifted its stake in shares of Greenlight Capital Re by 37.3% in the 2nd quarter. CWM LLC now owns 3,702 shares of the financial services provider’s stock valued at $48,000 after purchasing an additional 1,005 shares during the period. Bfsg LLC lifted its stake in shares of Greenlight Capital Re by 25.8% in the 3rd quarter. Bfsg LLC now owns 6,535 shares of the financial services provider’s stock valued at $89,000 after purchasing an additional 1,340 shares during the period. SG Americas Securities LLC acquired a new position in shares of Greenlight Capital Re in the 3rd quarter valued at about $133,000. Finally, Vanguard Personalized Indexing Management LLC acquired a new position in Greenlight Capital Re during the 2nd quarter worth approximately $138,000. Institutional investors own 41.52% of the company’s stock.

Greenlight Capital Re Company Profile

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.