Greenlight Capital Re (NASDAQ:GLRE) Upgraded to “C” by TheStreet


Share on StockTwits

TheStreet upgraded shares of Greenlight Capital Re (NASDAQ:GLRE) from a d+ rating to a c rating in a report published on Tuesday morning, TheStreetRatingsTable reports.

Shares of Greenlight Capital Re stock opened at $8.97 on Tuesday. Greenlight Capital Re has a 1 year low of $5.91 and a 1 year high of $9.44. The company’s fifty day simple moving average is $8.52 and its 200-day simple moving average is $7.74. The company has a market cap of $315.65 million, a price-to-earnings ratio of -4.77 and a beta of 1.21. The company has a current ratio of 3.50, a quick ratio of 3.50 and a debt-to-equity ratio of 0.22.

Greenlight Capital Re (NASDAQ:GLRE) last posted its quarterly earnings results on Tuesday, March 9th. The financial services provider reported $1.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.68 by $0.52. Greenlight Capital Re had a negative net margin of 16.48% and a negative return on equity of 15.47%. The company had revenue of $130.90 million for the quarter.

A number of hedge funds have recently modified their holdings of GLRE. Group One Trading L.P. boosted its stake in Greenlight Capital Re by 517.5% during the fourth quarter. Group One Trading L.P. now owns 5,107 shares of the financial services provider’s stock worth $37,000 after buying an additional 4,280 shares in the last quarter. Citigroup Inc. boosted its position in shares of Greenlight Capital Re by 217.3% during the 4th quarter. Citigroup Inc. now owns 5,276 shares of the financial services provider’s stock valued at $39,000 after acquiring an additional 3,613 shares in the last quarter. Nisa Investment Advisors LLC bought a new stake in Greenlight Capital Re in the fourth quarter valued at about $44,000. Levin Capital Strategies L.P. bought a new stake in Greenlight Capital Re in the third quarter valued at about $67,000. Finally, ExodusPoint Capital Management LP acquired a new position in Greenlight Capital Re in the fourth quarter worth about $94,000. 39.49% of the stock is owned by hedge funds and other institutional investors.

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, such as homeowners' insurance; and commercial lines.

Featured Story: Understanding each part of a balance sheet

Receive News & Ratings for Greenlight Capital Re Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Greenlight Capital Re and related companies with MarketBeat.com's FREE daily email newsletter.