Trexquant Investment LP Sells 6,795 Shares of Greenlight Capital Re, Ltd. (NASDAQ:GLRE)

Trexquant Investment LP lessened its position in shares of Greenlight Capital Re, Ltd. (NASDAQ:GLREFree Report) by 17.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 31,124 shares of the financial services provider’s stock after selling 6,795 shares during the period. Trexquant Investment LP owned approximately 0.09% of Greenlight Capital Re worth $355,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Dimensional Fund Advisors LP lifted its holdings in shares of Greenlight Capital Re by 5.8% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,902,489 shares of the financial services provider’s stock worth $21,726,000 after acquiring an additional 104,721 shares during the period. Private Management Group Inc. lifted its stake in Greenlight Capital Re by 39.5% in the 4th quarter. Private Management Group Inc. now owns 267,693 shares of the financial services provider’s stock valued at $3,057,000 after purchasing an additional 75,788 shares during the last quarter. Lancaster Investment Management bought a new position in Greenlight Capital Re in the 4th quarter valued at approximately $1,256,000. Independent Advisor Alliance lifted its stake in Greenlight Capital Re by 8.8% in the 4th quarter. Independent Advisor Alliance now owns 51,787 shares of the financial services provider’s stock valued at $591,000 after purchasing an additional 4,200 shares during the last quarter. Finally, BNP Paribas Financial Markets lifted its stake in Greenlight Capital Re by 41.1% in the 4th quarter. BNP Paribas Financial Markets now owns 49,634 shares of the financial services provider’s stock valued at $567,000 after purchasing an additional 14,452 shares during the last quarter. Institutional investors own 41.52% of the company’s stock.

Greenlight Capital Re Price Performance

Shares of NASDAQ:GLRE opened at $13.04 on Tuesday. The company has a market cap of $460.57 million, a price-to-earnings ratio of 4.36 and a beta of 0.77. The company has a debt-to-equity ratio of 0.12, a current ratio of 3.09 and a quick ratio of 3.09. The firm has a 50 day simple moving average of $12.65 and a 200 day simple moving average of $11.92. Greenlight Capital Re, Ltd. has a one year low of $9.56 and a one year high of $13.60.

Greenlight Capital Re (NASDAQ:GLREGet Free Report) last issued its quarterly earnings data on Wednesday, May 8th. The financial services provider reported $0.78 EPS for the quarter. Greenlight Capital Re had a net margin of 15.69% and a return on equity of 18.32%. The business had revenue of $182.89 million during the quarter.

Insider Buying and Selling at Greenlight Capital Re

In other Greenlight Capital Re news, Director Ian Isaacs sold 9,019 shares of the company’s stock in a transaction that occurred 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 transaction, the director now directly owns 87,591 shares in the company, valued at approximately $1,051,092. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Corporate insiders own 22.79% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com downgraded shares of Greenlight Capital Re from a “buy” rating to a “hold” rating in a research note on Friday, May 17th.

Check Out Our Latest Report on Greenlight Capital Re

Greenlight Capital Re Company 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

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

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