Greenlight Capital Re, Ltd. (NASDAQ:GLRE) Shares Sold by Jane Street Group LLC

Jane Street Group LLC cut its holdings in shares of Greenlight Capital Re, Ltd. (NASDAQ:GLRE) by 25.1% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 18,221 shares of the financial services provider’s stock after selling 6,090 shares during the period. Jane Street Group LLC owned about 0.05% of Greenlight Capital Re worth $249,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Bfsg LLC lifted its position in Greenlight Capital Re by 25.8% during the third 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 Greenlight Capital Re during the third quarter valued at $133,000. Centiva Capital LP acquired a new position in Greenlight Capital Re during the third quarter valued at $139,000. Vanguard Personalized Indexing Management LLC acquired a new position in Greenlight Capital Re during the second quarter valued at $138,000. Finally, Metis Global Partners LLC acquired a new position in Greenlight Capital Re during the third quarter valued at $272,000. 41.52% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, StockNews.com cut shares of Greenlight Capital Re from a “buy” rating to a “hold” rating in a report on Friday, January 3rd.

Greenlight Capital Re Stock Down 2.3 %

GLRE opened at $13.64 on Friday. Greenlight Capital Re, Ltd. has a fifty-two week low of $10.95 and a fifty-two week high of $15.82. The company has a debt-to-equity ratio of 0.09, a quick ratio of 3.02 and a current ratio of 3.02. The company has a fifty day moving average of $14.43 and a two-hundred day moving average of $13.75. The stock has a market capitalization of $475.11 million, a price-to-earnings ratio of 5.41 and a beta of 0.89.

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

Greenlight Capital Re 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.