Rhumbline Advisers Trims Position in Greenlight Capital Re, Ltd. (NASDAQ:GLRE)

Rhumbline Advisers lessened its position in shares of Greenlight Capital Re, Ltd. (NASDAQ:GLREFree Report) by 5.6% in the first quarter, Holdings Channel reports. The fund owned 44,993 shares of the financial services provider’s stock after selling 2,682 shares during the quarter. Rhumbline Advisers’ holdings in Greenlight Capital Re were worth $610,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently bought and sold shares of the company. Dimensional Fund Advisors LP increased its position in Greenlight Capital Re by 0.9% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,112,254 shares of the financial services provider’s stock valued at $29,571,000 after acquiring an additional 18,533 shares during the last quarter. Ameriprise Financial Inc. grew its holdings in Greenlight Capital Re by 13.3% during the fourth quarter. Ameriprise Financial Inc. now owns 622,743 shares of the financial services provider’s stock valued at $8,718,000 after purchasing an additional 73,317 shares during the period. American Century Companies Inc. grew its holdings in Greenlight Capital Re by 13.6% during the fourth quarter. American Century Companies Inc. now owns 469,760 shares of the financial services provider’s stock valued at $6,577,000 after purchasing an additional 56,281 shares during the period. Deutsche Bank AG grew its holdings in Greenlight Capital Re by 0.9% during the fourth quarter. Deutsche Bank AG now owns 329,979 shares of the financial services provider’s stock valued at $4,620,000 after purchasing an additional 3,060 shares during the period. Finally, Northern Trust Corp grew its holdings in Greenlight Capital Re by 5.6% during the fourth quarter. Northern Trust Corp now owns 276,511 shares of the financial services provider’s stock valued at $3,871,000 after purchasing an additional 14,629 shares during the period. Hedge funds and other institutional investors own 41.52% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen raised Greenlight Capital Re from a “hold” rating to a “buy” rating in a report on Friday, May 9th.

Read Our Latest Stock Analysis on Greenlight Capital Re

Greenlight Capital Re Stock Performance

NASDAQ:GLRE opened at $14.40 on Friday. The stock has a 50-day simple moving average of $13.77 and a two-hundred day simple moving average of $13.73. Greenlight Capital Re, Ltd. has a 52-week low of $11.95 and a 52-week high of $15.82. The company has a debt-to-equity ratio of 0.09, a quick ratio of 2.90 and a current ratio of 2.90. The firm has a market capitalization of $497.59 million, a PE ratio of 11.16 and a beta of 0.67.

Greenlight Capital Re (NASDAQ:GLREGet Free Report) last released its quarterly earnings results on Wednesday, May 7th. The financial services provider reported $0.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.50 by $0.36. Greenlight Capital Re had a return on equity of 6.99% and a net margin of 6.33%. The business had revenue of $247.95 million during the quarter.

Insider Buying and Selling at Greenlight Capital Re

In other news, COO Patrick O’brien sold 7,500 shares of the company’s stock in a transaction dated Monday, May 12th. The stock was sold at an average price of $13.48, for a total value of $101,100.00. Following the completion of the transaction, the chief operating officer now owns 182,925 shares of the company’s stock, valued at $2,465,829. This represents a 3.94% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Brian Joseph Oreilly sold 8,000 shares of the company’s stock in a transaction dated Wednesday, March 26th. The stock was sold at an average price of $14.00, for a total value of $112,000.00. Following the completion of the transaction, the insider now directly owns 99,330 shares of the company’s stock, valued at approximately $1,390,620. This trade represents a 7.45% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 20,500 shares of company stock valued at $279,200. Company insiders own 23.55% of the company’s stock.

Greenlight Capital Re Profile

(Free Report)

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, 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, transactional liability, mortgage insurance, surety, trade credit, marine, and energy, as well as other specialty products, such as aviation, crop, cyber, political, and terrorism products.

See Also

Want to see what other hedge funds are holding GLRE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Greenlight Capital Re, Ltd. (NASDAQ:GLREFree Report).

Institutional Ownership by Quarter for Greenlight Capital Re (NASDAQ:GLRE)

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