Greenlight Capital Re, Ltd. (NASDAQ:GLRE) Shares Purchased by Rhumbline Advisers

Rhumbline Advisers grew its stake in shares of Greenlight Capital Re, Ltd. (NASDAQ:GLRE) by 12.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 47,675 shares of the financial services provider’s stock after purchasing an additional 5,304 shares during the quarter. Rhumbline Advisers owned approximately 0.14% of Greenlight Capital Re worth $667,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also modified their holdings of GLRE. JPMorgan Chase & Co. raised its stake in 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. CWA Asset Management Group LLC purchased a new position in shares of Greenlight Capital Re during the third quarter worth about $4,972,000. Barclays PLC increased its position in shares of Greenlight Capital Re by 275.5% during the third quarter. Barclays PLC now owns 36,077 shares of the financial services provider’s stock worth $493,000 after purchasing an additional 26,468 shares in the last quarter. Empowered Funds LLC increased its position in shares of Greenlight Capital Re by 232.8% during the third quarter. Empowered Funds LLC now owns 66,852 shares of the financial services provider’s stock worth $913,000 after purchasing an additional 46,764 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB purchased a new stake in shares of Greenlight Capital Re in the 3rd quarter valued at about $1,188,000. Hedge funds and other institutional investors own 41.52% of the company’s stock.

Greenlight Capital Re Stock Performance

Shares of GLRE opened at $13.95 on Friday. The company’s 50 day simple moving average is $13.71 and its 200-day simple moving average is $13.95. The firm has a market cap of $485.91 million, a PE ratio of 5.54 and a beta of 0.88. Greenlight Capital Re, Ltd. has a 12-month low of $11.72 and a 12-month high of $15.82. The company has a current ratio of 3.02, a quick ratio of 3.02 and a debt-to-equity ratio of 0.09.

Analyst Ratings Changes

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

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.