Two Sigma Investments LP acquired a new stake in Greenlight Capital Re, Ltd. (NASDAQ:GLRE) in the 4th quarter, HoldingsChannel reports. The firm acquired 21,100 shares of the financial services provider’s stock, valued at approximately $182,000.
Other institutional investors and hedge funds have also bought and sold shares of the company. Bank of Montreal Can boosted its position in shares of Greenlight Capital Re by 205.4% in the fourth quarter. Bank of Montreal Can now owns 3,341 shares of the financial services provider’s stock valued at $28,000 after acquiring an additional 2,247 shares during the period. Nisa Investment Advisors LLC bought a new stake in shares of Greenlight Capital Re in the fourth quarter valued at approximately $103,000. Virtu Financial LLC bought a new stake in shares of Greenlight Capital Re in the fourth quarter valued at approximately $123,000. California Public Employees Retirement System boosted its position in shares of Greenlight Capital Re by 27.6% in the fourth quarter. California Public Employees Retirement System now owns 37,514 shares of the financial services provider’s stock valued at $323,000 after acquiring an additional 8,124 shares during the period. Finally, Rhumbline Advisers boosted its position in shares of Greenlight Capital Re by 40.8% in the fourth quarter. Rhumbline Advisers now owns 41,437 shares of the financial services provider’s stock valued at $357,000 after acquiring an additional 12,004 shares during the period. 50.40% of the stock is owned by institutional investors.
Several equities research analysts have recently weighed in on the company. BidaskClub raised Greenlight Capital Re from a “strong sell” rating to a “sell” rating in a research report on Tuesday, December 25th. Zacks Investment Research raised Greenlight Capital Re from a “strong sell” rating to a “hold” rating in a research report on Tuesday, January 15th. Finally, ValuEngine cut Greenlight Capital Re from a “buy” rating to a “hold” rating in a research report on Wednesday, January 2nd.
Shares of NASDAQ GLRE opened at $11.04 on Wednesday. The firm has a market cap of $398.04 million, a price-to-earnings ratio of -1.13 and a beta of 1.09. Greenlight Capital Re, Ltd. has a 52-week low of $8.36 and a 52-week high of $16.20. The company has a debt-to-equity ratio of 0.21, a current ratio of 2.87 and a quick ratio of 2.87.
Greenlight Capital Re (NASDAQ:GLRE) last issued its quarterly earnings data on Wednesday, February 27th. The financial services provider reported ($2.25) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($2.23) by ($0.02). The company had revenue of $62.26 million for the quarter, compared to the consensus estimate of $113.20 million. Greenlight Capital Re had a negative net margin of 191.26% and a negative return on equity of 58.37%.
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Greenlight Capital Re Company Profile
Greenlight Capital Re, Ltd., through its subsidiaries, operates as a property and casualty reinsurer worldwide. The company offers various property reinsurance products and services, including automobile physical damage; personal lines, such as homeowners' insurance; 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, mortgage insurance, surety, trade credit, marine, aviation, energy, cyber, and terrorism products.
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