Greenlight Capital Re (NASDAQ:GLRE) was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating in a research report issued on Thursday.

Other analysts also recently issued reports about the company. ValuEngine downgraded Greenlight Capital Re from a “hold” rating to a “sell” rating in a research note on Saturday, December 9th. Zacks Investment Research raised Greenlight Capital Re from a “hold” rating to a “buy” rating and set a $24.00 target price for the company in a research note on Tuesday, November 28th. Finally, TheStreet raised Greenlight Capital Re from a “c” rating to a “b-” rating in a research note on Wednesday, November 1st.

Shares of Greenlight Capital Re (NASDAQ:GLRE) traded down $0.10 on Thursday, hitting $20.60. The company’s stock had a trading volume of 124,869 shares, compared to its average volume of 121,859. Greenlight Capital Re has a twelve month low of $19.70 and a twelve month high of $23.75. The firm has a market cap of $767.48, a P/E ratio of 18.73 and a beta of 0.77.

Greenlight Capital Re (NASDAQ:GLRE) last issued its earnings results on Monday, October 30th. The financial services provider reported $0.53 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.79 by ($0.26). Greenlight Capital Re had a return on equity of 4.74% and a net margin of 5.91%. The company had revenue of $236.15 million during the quarter, compared to analyst estimates of $200.80 million. equities analysts predict that Greenlight Capital Re will post -0.75 earnings per share for the current fiscal year.

Several large investors have recently modified their holdings of the stock. The Manufacturers Life Insurance Company increased its position in shares of Greenlight Capital Re by 2.9% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 22,861 shares of the financial services provider’s stock worth $479,000 after purchasing an additional 649 shares during the last quarter. Schwab Charles Investment Management Inc. increased its position in shares of Greenlight Capital Re by 0.6% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 117,135 shares of the financial services provider’s stock worth $2,449,000 after purchasing an additional 665 shares during the last quarter. Goldman Sachs Group Inc. increased its position in shares of Greenlight Capital Re by 1.1% during the 2nd quarter. Goldman Sachs Group Inc. now owns 94,232 shares of the financial services provider’s stock worth $1,969,000 after purchasing an additional 998 shares during the last quarter. Rhumbline Advisers increased its position in shares of Greenlight Capital Re by 3.3% during the 2nd quarter. Rhumbline Advisers now owns 35,787 shares of the financial services provider’s stock worth $748,000 after purchasing an additional 1,133 shares during the last quarter. Finally, Voya Investment Management LLC increased its position in shares of Greenlight Capital Re by 12.9% during the 2nd quarter. Voya Investment Management LLC now owns 15,340 shares of the financial services provider’s stock worth $321,000 after purchasing an additional 1,752 shares during the last quarter. 46.96% of the stock is owned by hedge funds and other institutional investors.

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About Greenlight Capital Re

Greenlight Capital Re, Ltd. is a holding company. The Company analyzes its underwriting operations using two categories: frequency business, which is characterized as contracts containing a number of small losses emanating from multiple events, and severity business, which is characterized as contracts with the potential for significant losses emanating from one event or multiple events.

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