Campbell & CO Investment Adviser LLC Acquires Shares of 35,807 Greenlight Capital Re, Ltd. (NASDAQ:GLRE)

Campbell & CO Investment Adviser LLC acquired a new stake in Greenlight Capital Re, Ltd. (NASDAQ:GLREFree Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 35,807 shares of the financial services provider’s stock, valued at approximately $409,000. Campbell & CO Investment Adviser LLC owned approximately 0.10% of Greenlight Capital Re at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in GLRE. SG Americas Securities LLC boosted its stake in shares of Greenlight Capital Re by 26.8% in the 4th quarter. SG Americas Securities LLC now owns 14,095 shares of the financial services provider’s stock valued at $161,000 after purchasing an additional 2,978 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its stake in Greenlight Capital Re by 40.4% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 11,521 shares of the financial services provider’s stock worth $132,000 after acquiring an additional 3,315 shares during the last quarter. Independent Advisor Alliance boosted its stake in Greenlight Capital Re by 8.8% during the 4th quarter. Independent Advisor Alliance now owns 51,787 shares of the financial services provider’s stock worth $591,000 after acquiring an additional 4,200 shares during the last quarter. Acadian Asset Management LLC bought a new position in Greenlight Capital Re during the 3rd quarter worth approximately $123,000. Finally, Rathbones Group PLC bought a new position in Greenlight Capital Re during the 3rd quarter worth approximately $144,000. Institutional investors and hedge funds own 41.52% of the company’s stock.

Greenlight Capital Re Stock Performance

Shares of GLRE stock opened at $12.89 on Tuesday. The company has a debt-to-equity ratio of 0.12, a quick ratio of 3.09 and a current ratio of 3.09. The company has a market capitalization of $455.27 million, a P/E ratio of 4.31 and a beta of 0.77. The company’s 50 day moving average price is $12.72 and its two-hundred day moving average price is $11.97. Greenlight Capital Re, Ltd. has a 52 week low of $9.67 and a 52 week high of $13.60.

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

Insiders Place Their Bets

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

Analyst Ratings Changes

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

Read Our Latest Stock Analysis on Greenlight Capital Re

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

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

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