Greenlight Capital Re, Ltd. (NASDAQ:GLRE) Shares Bought by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC raised its holdings in Greenlight Capital Re, Ltd. (NASDAQ:GLRE) by 40.4% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 11,521 shares of the financial services provider’s stock after purchasing an additional 3,315 shares during the period. Allspring Global Investments Holdings LLC’s holdings in Greenlight Capital Re were worth $132,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. SG Americas Securities LLC purchased a new stake in Greenlight Capital Re in the 3rd quarter valued at approximately $119,000. Independent Advisor Alliance lifted its position in shares of Greenlight Capital Re by 84.5% in the third quarter. Independent Advisor Alliance now owns 47,587 shares of the financial services provider’s stock valued at $511,000 after acquiring an additional 21,800 shares in the last quarter. Strs Ohio boosted its stake in shares of Greenlight Capital Re by 240.0% during the third quarter. Strs Ohio now owns 44,200 shares of the financial services provider’s stock valued at $474,000 after acquiring an additional 31,200 shares during the last quarter. Punch & Associates Investment Management Inc. boosted its stake in shares of Greenlight Capital Re by 92.1% during 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 acquiring an additional 213,426 shares during the last quarter. Finally, Rathbones Group PLC purchased a new stake in Greenlight Capital Re during the 3rd quarter worth about $144,000. 41.52% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Greenlight Capital Re news, Director Ian Isaacs sold 9,019 shares of Greenlight Capital Re stock in a transaction dated Wednesday, March 27th. The stock was 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 in the company, valued at approximately $1,051,092. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 27.10% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

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

Greenlight Capital Re Stock Down 0.8 %

Shares of NASDAQ GLRE opened at $12.05 on Monday. The firm has a market cap of $426.11 million, a P/E ratio of 5.06 and a beta of 0.82. The company has a debt-to-equity ratio of 0.12, a quick ratio of 3.29 and a current ratio of 3.29. Greenlight Capital Re, Ltd. has a 1 year low of $9.48 and a 1 year high of $12.89. The firm’s 50 day moving average price is $12.19 and its 200 day moving average price is $11.56.

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