Greenlight Capital Re (NASDAQ:GLRE) Downgraded by StockNews.com to “Hold”

Greenlight Capital Re (NASDAQ:GLRE) was downgraded by investment analysts at StockNews.com from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Wednesday.

Greenlight Capital Re Stock Performance

GLRE opened at $13.92 on Wednesday. The company has a market capitalization of $484.86 million, a price-to-earnings ratio of 5.52 and a beta of 0.89. The business’s 50-day moving average price is $14.42 and its two-hundred day moving average price is $13.77. Greenlight Capital Re has a 1 year low of $10.95 and a 1 year high of $15.82. 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 (NASDAQ:GLRE) last released its quarterly earnings data on Monday, November 4th. The financial services provider reported $1.01 EPS for the quarter, beating the consensus estimate of $0.65 by $0.36. The firm had revenue of $188.01 million for the quarter. Greenlight Capital Re had a net margin of 12.38% and a return on equity of 13.95%. During the same quarter in the prior year, the firm earned $0.39 earnings per share.

Institutional Trading of Greenlight Capital Re

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Dimensional Fund Advisors LP raised its holdings in 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 valued at $26,730,000 after buying an additional 48,317 shares during the last quarter. Private Management Group Inc. boosted its holdings 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 valued at $10,832,000 after acquiring an additional 172,523 shares during the last quarter. State Street Corp lifted its holdings in Greenlight Capital Re by 1.1% in the third quarter. State Street Corp now owns 575,930 shares of the financial services provider’s stock valued at $7,861,000 after buying an additional 6,319 shares during the period. CWA Asset Management Group LLC bought a new stake in shares of Greenlight Capital Re during the 3rd quarter valued at about $4,972,000. Finally, American Century Companies Inc. boosted its holdings in shares of Greenlight Capital Re by 36.3% during the 2nd quarter. American Century Companies Inc. now owns 346,777 shares of the financial services provider’s stock worth $4,543,000 after buying an additional 92,364 shares in the last quarter. Institutional investors own 41.52% of the company’s stock.

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.