Janney Montgomery Scott LLC Makes New $144,000 Investment in Greenlight Capital Re, Ltd. (NASDAQ:GLRE)

Janney Montgomery Scott LLC acquired a new position in shares of Greenlight Capital Re, Ltd. (NASDAQ:GLRE) in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 10,307 shares of the financial services provider’s stock, valued at approximately $144,000.

Several other institutional investors and hedge funds have also made changes to their positions in GLRE. CWA Asset Management Group LLC acquired a new position in shares of Greenlight Capital Re during the 3rd quarter worth about $4,972,000. Private Management Group Inc. boosted its position in shares of Greenlight Capital Re by 27.8% during the 3rd 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 in the last quarter. Wilmington Savings Fund Society FSB acquired a new position in shares of Greenlight Capital Re during the 3rd quarter worth about $1,188,000. Empowered Funds LLC boosted its position in shares of Greenlight Capital Re by 232.8% during the 3rd quarter. Empowered Funds LLC now owns 66,852 shares of the financial services provider’s stock worth $913,000 after acquiring an additional 46,764 shares in the last quarter. Finally, JPMorgan Chase & Co. boosted its position in shares of Greenlight Capital Re by 288.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 48,646 shares of the financial services provider’s stock worth $664,000 after acquiring an additional 36,116 shares in the last quarter. 41.52% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

Greenlight Capital Re Stock Up 1.9 %

Shares of NASDAQ GLRE opened at $13.45 on Friday. The stock has a market cap of $468.46 million, a PE ratio of 5.34 and a beta of 0.88. The company has a quick ratio of 3.02, a current ratio of 3.02 and a debt-to-equity ratio of 0.09. Greenlight Capital Re, Ltd. has a 52-week low of $11.34 and a 52-week high of $15.82. The business has a 50-day moving average price of $13.95 and a 200 day moving average price of $13.88.

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.