Barclays PLC Buys 26,468 Shares of Greenlight Capital Re, Ltd. (NASDAQ:GLRE)

Barclays PLC increased its stake in shares of Greenlight Capital Re, Ltd. (NASDAQ:GLRE) by 275.5% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 36,077 shares of the financial services provider’s stock after acquiring an additional 26,468 shares during the quarter. Barclays PLC owned approximately 0.10% of Greenlight Capital Re worth $493,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also bought and sold shares of the company. Bfsg LLC boosted its stake in shares of 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 bought a new stake in Greenlight Capital Re during the 3rd quarter valued at $133,000. Centiva Capital LP purchased a new stake in Greenlight Capital Re during the 3rd quarter valued at $139,000. Vanguard Personalized Indexing Management LLC bought a new stake in Greenlight Capital Re in the 2nd quarter worth $138,000. Finally, Metis Global Partners LLC purchased a new position in shares of Greenlight Capital Re in the third quarter valued at about $272,000. 41.52% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, StockNews.com lowered shares of Greenlight Capital Re from a “buy” rating to a “hold” rating in a report on Wednesday.

Greenlight Capital Re Trading Up 0.3 %

NASDAQ GLRE opened at $14.12 on Friday. The stock has a market cap of $491.80 million, a P/E ratio of 5.60 and a beta of 0.89. Greenlight Capital Re, Ltd. has a fifty-two week low of $10.96 and a fifty-two week high of $15.82. The stock has a 50 day simple moving average of $14.37 and a two-hundred day simple moving average of $13.78. The company has a debt-to-equity ratio of 0.09, a quick ratio of 3.02 and a current ratio of 3.02.

Greenlight Capital Re (NASDAQ:GLRE) last announced its earnings results 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 firm had revenue of $188.01 million for the quarter. During the same period in the previous year, the firm posted $0.39 EPS.

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.