Greenlight Capital Re, Ltd. (NASDAQ:GLRE) Shares Sold by Ritholtz Wealth Management

Ritholtz Wealth Management lessened its position in Greenlight Capital Re, Ltd. (NASDAQ:GLREFree Report) by 16.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 33,694 shares of the financial services provider’s stock after selling 6,770 shares during the period. Ritholtz Wealth Management owned about 0.10% of Greenlight Capital Re worth $385,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Punch & Associates Investment Management Inc. raised its position in shares of Greenlight Capital Re by 92.1% in the third quarter. Punch & Associates Investment Management Inc. now owns 445,140 shares of the financial services provider’s stock valued at $4,781,000 after buying an additional 213,426 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. acquired a new position in shares of Greenlight Capital Re in the third quarter valued at approximately $232,000. Rathbones Group PLC acquired a new position in shares of Greenlight Capital Re in the third quarter valued at approximately $144,000. Acadian Asset Management LLC acquired a new position in shares of Greenlight Capital Re in the third quarter valued at approximately $123,000. Finally, SG Americas Securities LLC acquired a new position in shares of Greenlight Capital Re in the third quarter valued at approximately $119,000. Institutional investors and hedge funds own 41.52% of the company’s stock.

Insider Buying and Selling

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

Analyst Upgrades and Downgrades

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

Check Out Our Latest Report on Greenlight Capital Re

Greenlight Capital Re Stock Performance

Shares of GLRE stock opened at $12.37 on Tuesday. Greenlight Capital Re, Ltd. has a one year low of $9.28 and a one year high of $12.89. The company has a debt-to-equity ratio of 0.12, a quick ratio of 3.29 and a current ratio of 3.29. The company has a 50 day moving average price of $11.87 and a 200 day moving average price of $11.39. The firm has a market capitalization of $437.40 million, a price-to-earnings ratio of 5.20 and a beta of 0.82.

Greenlight Capital Re (NASDAQ:GLREGet Free Report) last issued its quarterly earnings results on Tuesday, March 5th. The financial services provider reported $0.50 EPS for the quarter. Greenlight Capital Re had a net margin of 13.32% and a return on equity of 15.48%. The firm had revenue of $143.01 million during the quarter.

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.

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

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