Geode Capital Management LLC Sells 8,587 Shares of Greenlight Capital Re, Ltd. (NASDAQ:GLRE)

Geode Capital Management LLC lowered its position in Greenlight Capital Re, Ltd. (NASDAQ:GLRE) by 1.4% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 617,239 shares of the financial services provider’s stock after selling 8,587 shares during the quarter. Geode Capital Management LLC owned approximately 1.75% of Greenlight Capital Re worth $8,427,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the company. Dimensional Fund Advisors LP lifted its holdings in shares of 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. Private Management Group Inc. lifted its stake in Greenlight Capital Re by 27.8% in the third quarter. Private Management Group Inc. now owns 793,544 shares of the financial services provider’s stock worth $10,832,000 after acquiring an additional 172,523 shares during the period. State Street Corp grew its holdings in Greenlight Capital Re by 1.1% during the 3rd quarter. State Street Corp now owns 575,930 shares of the financial services provider’s stock worth $7,861,000 after acquiring an additional 6,319 shares in the last quarter. CWA Asset Management Group LLC purchased a new position in Greenlight Capital Re during the 3rd quarter valued at about $4,972,000. Finally, American Century Companies Inc. raised its holdings in shares of 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 in the last quarter. 41.52% of the stock is currently owned by hedge funds and other institutional investors.

Greenlight Capital Re Trading Down 2.1 %

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

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

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded shares of Greenlight Capital Re from a “hold” rating to a “buy” rating in a research note on Friday, November 8th.

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.