Greenlight Capital Re (GLRE) Expected to Announce Earnings on Monday

Greenlight Capital Re (NASDAQ:GLRE) is expected to announce its results after the market closes on Monday, March 9th. Analysts expect Greenlight Capital Re to post earnings of $1.12 per share for the quarter.

Greenlight Capital Re Stock Down 0.7%

Shares of Greenlight Capital Re stock opened at $14.15 on Friday. The business has a 50-day moving average price of $13.97 and a 200 day moving average price of $13.34. Greenlight Capital Re has a fifty-two week low of $11.56 and a fifty-two week high of $15.06. The firm has a market cap of $482.52 million, a P/E ratio of -202.14 and a beta of 0.54. The company has a quick ratio of 2.89, a current ratio of 2.89 and a debt-to-equity ratio of 0.05.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated a “hold (c-)” rating on shares of Greenlight Capital Re in a research report on Monday, December 29th. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat, Greenlight Capital Re currently has an average rating of “Hold”.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Vanguard Group Inc. boosted its holdings in shares of Greenlight Capital Re by 3.5% in the 3rd quarter. Vanguard Group Inc. now owns 1,469,818 shares of the financial services provider’s stock valued at $18,667,000 after buying an additional 49,929 shares during the period. Ameriprise Financial Inc. raised its stake in Greenlight Capital Re by 0.3% during the second quarter. Ameriprise Financial Inc. now owns 663,297 shares of the financial services provider’s stock worth $9,532,000 after acquiring an additional 2,180 shares during the period. Wells Fargo & Company MN lifted its holdings in Greenlight Capital Re by 4.1% in the fourth quarter. Wells Fargo & Company MN now owns 340,375 shares of the financial services provider’s stock worth $4,963,000 after acquiring an additional 13,430 shares during the last quarter. Goldman Sachs Group Inc. lifted its holdings in Greenlight Capital Re by 73.1% in the fourth quarter. Goldman Sachs Group Inc. now owns 229,630 shares of the financial services provider’s stock worth $3,348,000 after acquiring an additional 96,983 shares during the last quarter. Finally, Bridgeway Capital Management LLC boosted its stake in Greenlight Capital Re by 8.3% in the fourth quarter. Bridgeway Capital Management LLC now owns 210,684 shares of the financial services provider’s stock valued at $3,072,000 after acquiring an additional 16,062 shares during the period. 41.52% of the stock is currently owned by institutional investors.

About Greenlight Capital Re

Greenlight Capital Re Ltd. (NASDAQ: GLRE) is a Bermuda‐incorporated reinsurer externally managed by Greenlight Capital Re Services Ltd., a subsidiary of Greenlight Capital, Inc Since its formation in 2016 and subsequent initial public offering in 2017, the company has focused on providing customized reinsurance solutions to insurers worldwide. Greenlight Capital Re operates as an independent, publicly traded entity, leveraging the investment expertise and underwriting rigor that underpin its parent’s investment platform.

The company’s core business activities encompass both treaty and facultative reinsurance across a broad spectrum of property and casualty lines.