Short Interest in Greenlight Capital Re, Ltd. (NASDAQ:GLRE) Declines By 7.1%

Greenlight Capital Re, Ltd. (NASDAQ:GLRE) saw a large drop in short interest during the month of March. As of March 31st, there was short interest totalling 445,600 shares, a drop of 7.1% from the March 15th total of 479,900 shares. Approximately 1.7% of the shares of the company are short sold. Based on an average daily volume of 80,900 shares, the short-interest ratio is currently 5.5 days.

Insiders Place Their Bets

In other news, Director Ian Isaacs sold 9,019 shares of the firm’s stock in a transaction dated Wednesday, March 27th. The shares were sold at an average price of $12.00, for a total transaction of $108,228.00. Following the completion of the transaction, the director now directly owns 87,591 shares of the company’s stock, valued at approximately $1,051,092. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 27.10% of the company’s stock.

Institutional Investors Weigh In On Greenlight Capital Re

Several institutional investors have recently modified their holdings of the business. Nuveen Asset Management LLC grew its holdings in Greenlight Capital Re by 1.0% during the fourth quarter. Nuveen Asset Management LLC now owns 84,671 shares of the financial services provider’s stock valued at $967,000 after purchasing an additional 846 shares during the period. Royal Bank of Canada boosted its holdings in shares of Greenlight Capital Re by 4.4% in the second quarter. Royal Bank of Canada now owns 29,306 shares of the financial services provider’s stock valued at $308,000 after buying an additional 1,235 shares during the period. Voya Investment Management LLC boosted its holdings in shares of Greenlight Capital Re by 13.3% in the fourth quarter. Voya Investment Management LLC now owns 13,578 shares of the financial services provider’s stock valued at $155,000 after buying an additional 1,598 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in shares of Greenlight Capital Re by 2.8% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 72,622 shares of the financial services provider’s stock valued at $592,000 after buying an additional 1,992 shares during the period. Finally, Tower Research Capital LLC TRC boosted its holdings in shares of Greenlight Capital Re by 274.7% in the third quarter. Tower Research Capital LLC TRC now owns 2,754 shares of the financial services provider’s stock valued at $30,000 after buying an additional 2,019 shares during the period. Institutional investors and hedge funds own 41.52% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised shares of Greenlight Capital Re from a “hold” rating to a “buy” rating in a report on Monday, January 29th.

Greenlight Capital Re Trading Up 1.0 %

Shares of NASDAQ GLRE opened at $12.23 on Tuesday. Greenlight Capital Re has a 1-year low of $9.48 and a 1-year high of $12.89. The company has a market cap of $432.45 million, a PE ratio of 5.14 and a beta of 0.82. The company has a current ratio of 3.29, a quick ratio of 3.29 and a debt-to-equity ratio of 0.12. The company has a 50-day moving average of $12.07 and a two-hundred day moving average of $11.48.

Greenlight Capital Re (NASDAQ:GLRE) last announced its earnings results on Tuesday, March 5th. The financial services provider reported $0.50 earnings per share for the quarter. Greenlight Capital Re had a net margin of 13.32% and a return on equity of 15.48%. The company had revenue of $143.01 million during the quarter.

About Greenlight Capital Re

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.