Greenlight Capital Re, Ltd. (NASDAQ:GLRE) Stock Holdings Lifted by Barclays PLC

Barclays PLC lifted its holdings in Greenlight Capital Re, Ltd. (NASDAQ:GLRE) by 15.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 41,529 shares of the financial services provider’s stock after purchasing an additional 5,452 shares during the period. Barclays PLC owned 0.12% of Greenlight Capital Re worth $581,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in GLRE. Bfsg LLC boosted its holdings in Greenlight Capital Re by 13.3% in the 4th quarter. Bfsg LLC now owns 7,405 shares of the financial services provider’s stock valued at $104,000 after purchasing an additional 870 shares during the period. SG Americas Securities LLC lifted its stake in shares of Greenlight Capital Re by 20.2% in the 4th quarter. SG Americas Securities LLC now owns 11,715 shares of the financial services provider’s stock valued at $164,000 after purchasing an additional 1,971 shares during the period. R Squared Ltd acquired a new position in Greenlight Capital Re during the fourth quarter valued at approximately $29,000. Empirical Financial Services LLC d.b.a. Empirical Wealth Management raised its position in shares of Greenlight Capital Re by 14.3% during the fourth quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 28,363 shares of the financial services provider’s stock worth $397,000 after purchasing an additional 3,551 shares during the period. Finally, Rhumbline Advisers increased its holdings in Greenlight Capital Re by 12.5% during the 4th quarter. Rhumbline Advisers now owns 47,675 shares of the financial services provider’s stock worth $667,000 after purchasing an additional 5,304 shares in the last quarter. Institutional investors own 41.52% of the company’s stock.

Greenlight Capital Re Price Performance

Shares of GLRE stock opened at $13.50 on Friday. The business has a fifty day simple moving average of $13.34 and a 200 day simple moving average of $13.80. The company has a market cap of $466.61 million, a P/E ratio of 5.36 and a beta of 0.67. The company has a quick ratio of 3.02, a current ratio of 3.02 and a debt-to-equity ratio of 0.09. Greenlight Capital Re, Ltd. has a twelve month low of $11.95 and a twelve month high of $15.82.

Greenlight Capital Re (NASDAQ:GLRE) last announced its quarterly earnings data on Wednesday, May 7th. The financial services provider reported $0.86 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.50 by $0.36. Greenlight Capital Re had a return on equity of 13.95% and a net margin of 12.38%. The company had revenue of $247.95 million for the quarter.

Insider Activity at Greenlight Capital Re

In related news, insider Brian Joseph Oreilly sold 8,000 shares of the company’s stock in a transaction that occurred on Wednesday, March 26th. The shares were sold at an average price of $14.00, for a total transaction of $112,000.00. Following the sale, the insider now owns 99,330 shares of the company’s stock, valued at approximately $1,390,620. This represents a 7.45 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 22.79% of the stock is owned by company insiders.

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 Wednesday, March 12th.

Greenlight Capital Re Profile

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.