Shares of Greenlight Capital Re, Ltd. (NASDAQ:GLRE) have received an average broker rating score of 3.00 (Hold) from the one brokers that cover the stock, Zacks Investment Research reports. One research analyst has rated the stock with a hold rating.
Zacks has also given Greenlight Capital Re an industry rank of 144 out of 255 based on the ratings given to its competitors.
A number of brokerages recently commented on GLRE. BidaskClub lowered Greenlight Capital Re from a “sell” rating to a “strong sell” rating in a research note on Tuesday, October 15th. ValuEngine lowered Greenlight Capital Re from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, October 2nd.
Several hedge funds and other institutional investors have recently modified their holdings of GLRE. Philadelphia Financial Management of San Francisco LLC acquired a new position in shares of Greenlight Capital Re in the third quarter valued at $2,490,000. Millennium Management LLC raised its stake in shares of Greenlight Capital Re by 238.8% in the third quarter. Millennium Management LLC now owns 95,769 shares of the financial services provider’s stock valued at $1,005,000 after purchasing an additional 164,769 shares in the last quarter. Morgan Stanley raised its stake in shares of Greenlight Capital Re by 6.3% in the second quarter. Morgan Stanley now owns 2,015,510 shares of the financial services provider’s stock valued at $17,112,000 after purchasing an additional 118,855 shares in the last quarter. Investec Asset Management LTD raised its stake in Greenlight Capital Re by 12.0% during the second quarter. Investec Asset Management LTD now owns 759,843 shares of the financial services provider’s stock worth $6,451,000 after acquiring an additional 81,120 shares in the last quarter. Finally, Barrow Hanley Mewhinney & Strauss LLC acquired a new position in Greenlight Capital Re during the second quarter worth $617,000. Institutional investors and hedge funds own 50.36% of the company’s stock.
Shares of GLRE traded down $0.02 during mid-day trading on Friday, hitting $10.20. The company’s stock had a trading volume of 108,370 shares, compared to its average volume of 207,360. Greenlight Capital Re has a one year low of $8.03 and a one year high of $12.60. The company has a quick ratio of 3.22, a current ratio of 3.22 and a debt-to-equity ratio of 0.18. The stock’s 50-day moving average is $10.42 and its two-hundred day moving average is $9.71.
Greenlight Capital Re (NASDAQ:GLRE) last issued its earnings results on Wednesday, November 6th. The financial services provider reported $0.14 EPS for the quarter. The business had revenue of $131.58 million during the quarter. Greenlight Capital Re had a negative return on equity of 11.06% and a negative net margin of 10.90%.
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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