Barclays PLC Grows Stake in Greenlight Capital Re, Ltd. (NASDAQ:GLRE)

Barclays PLC increased its position in Greenlight Capital Re, Ltd. (NASDAQ:GLRE) by 275.5% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 36,077 shares of the financial services provider’s stock after acquiring an additional 26,468 shares during the period. Barclays PLC owned about 0.10% of Greenlight Capital Re worth $493,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of the business. Bfsg LLC raised its stake in shares of Greenlight Capital Re by 25.8% in the third quarter. Bfsg LLC now owns 6,535 shares of the financial services provider’s stock worth $89,000 after buying an additional 1,340 shares during the period. Martingale Asset Management L P increased its position in Greenlight Capital Re by 5.0% in the third quarter. Martingale Asset Management L P now owns 29,665 shares of the financial services provider’s stock worth $405,000 after purchasing an additional 1,422 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of Greenlight Capital Re by 3.1% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 77,154 shares of the financial services provider’s stock worth $1,053,000 after buying an additional 2,318 shares during the last quarter. Rhumbline Advisers raised its position in Greenlight Capital Re by 6.8% during the second quarter. Rhumbline Advisers now owns 45,874 shares of the financial services provider’s stock valued at $601,000 after purchasing an additional 2,923 shares during the period. Finally, Independent Advisor Alliance lifted its position in Greenlight Capital Re by 5.5% in the third quarter. Independent Advisor Alliance now owns 61,127 shares of the financial services provider’s stock worth $834,000 after buying an additional 3,200 shares during the last quarter. Hedge funds and other institutional investors own 41.52% of the company’s stock.

Greenlight Capital Re Stock Down 2.1 %

GLRE stock opened at $13.71 on Friday. The company has a market capitalization of $477.55 million, a P/E ratio of 5.44 and a beta of 0.88. The firm’s fifty day simple moving average is $14.39 and its 200-day simple moving average is $13.71. The company has a debt-to-equity ratio of 0.09, a current ratio of 3.02 and a quick ratio of 3.02. Greenlight Capital Re, Ltd. has a 12 month low of $10.95 and a 12 month high of $15.82.

Greenlight Capital Re (NASDAQ:GLRE) last issued its quarterly earnings results on Monday, November 4th. The financial services provider reported $1.01 EPS for the quarter, topping the consensus estimate of $0.65 by $0.36. Greenlight Capital Re had a return on equity of 13.95% and a net margin of 12.38%. The firm had revenue of $188.01 million during the quarter. During the same quarter in the previous year, the firm posted $0.39 earnings per share.

Analyst Ratings Changes

Separately, StockNews.com raised Greenlight Capital Re from a “hold” rating to a “buy” rating in a research report on Friday, November 8th.

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.