SG Americas Securities LLC Grows Position in Greenlight Capital Re, Ltd. (NASDAQ:GLRE)

SG Americas Securities LLC lifted its position in shares of Greenlight Capital Re, Ltd. (NASDAQ:GLRE) by 20.2% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 11,715 shares of the financial services provider’s stock after buying an additional 1,971 shares during the quarter. SG Americas Securities LLC’s holdings in Greenlight Capital Re were worth $164,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the business. AQR Capital Management LLC grew its stake in shares of Greenlight Capital Re by 48.1% in the 2nd quarter. AQR Capital Management LLC now owns 25,399 shares of the financial services provider’s stock worth $333,000 after buying an additional 8,246 shares in the last quarter. Bfsg LLC increased its holdings in Greenlight Capital Re by 25.8% during the 3rd quarter. Bfsg LLC now owns 6,535 shares of the financial services provider’s stock worth $89,000 after purchasing an additional 1,340 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. CWA Asset Management Group LLC bought a new position in shares of Greenlight Capital Re during the third quarter valued at approximately $4,972,000. Finally, Metis Global Partners LLC bought a new position in shares of Greenlight Capital Re in the 3rd quarter worth $272,000. Institutional investors own 41.52% of the company’s stock.

Greenlight Capital Re Trading Down 1.7 %

NASDAQ GLRE opened at $13.59 on Monday. Greenlight Capital Re, Ltd. has a 12-month low of $11.13 and a 12-month high of $15.82. The company has a fifty day simple moving average of $14.05 and a two-hundred day simple moving average of $13.88. The company has a current ratio of 3.02, a quick ratio of 3.02 and a debt-to-equity ratio of 0.09. The stock has a market cap of $473.34 million, a P/E ratio of 5.39 and a beta of 0.88.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised shares of Greenlight Capital Re from a “hold” rating to a “buy” rating in a report on Friday, January 31st.

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.