D. E. Shaw & Co. Inc. Acquires 15,645 Shares of Greenlight Capital Re, Ltd. (NASDAQ:GLRE)

D. E. Shaw & Co. Inc. grew its stake in shares of Greenlight Capital Re, Ltd. (NASDAQ:GLRE) by 26.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 74,005 shares of the financial services provider’s stock after acquiring an additional 15,645 shares during the period. D. E. Shaw & Co. Inc. owned 0.21% of Greenlight Capital Re worth $1,036,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. JPMorgan Chase & Co. lifted its holdings in shares of Greenlight Capital Re by 288.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 48,646 shares of the financial services provider’s stock worth $664,000 after acquiring an additional 36,116 shares during the period. SG Americas Securities LLC boosted its position in Greenlight Capital Re by 20.2% during the fourth quarter. SG Americas Securities LLC now owns 11,715 shares of the financial services provider’s stock valued at $164,000 after acquiring an additional 1,971 shares during the last quarter. Janney Montgomery Scott LLC acquired a new position in Greenlight Capital Re in the fourth quarter valued at approximately $144,000. Empirical Financial Services LLC d.b.a. Empirical Wealth Management grew its holdings in Greenlight Capital Re by 14.3% in 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, R Squared Ltd bought a new position in Greenlight Capital Re in the fourth quarter worth approximately $29,000. Institutional investors and hedge funds own 41.52% of the company’s stock.

Greenlight Capital Re Price Performance

NASDAQ:GLRE opened at $13.50 on Friday. The firm has a market capitalization of $466.49 million, a price-to-earnings ratio of 5.36 and a beta of 0.67. The company has a debt-to-equity ratio of 0.09, a quick ratio of 3.02 and a current ratio of 3.02. The stock has a fifty day moving average of $13.34 and a 200 day moving average of $13.80. Greenlight Capital Re, Ltd. has a 52-week low of $11.95 and a 52-week 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 for the quarter, topping analysts’ consensus estimates of $0.50 by $0.36. The firm had revenue of $247.95 million during the quarter. Greenlight Capital Re had a net margin of 12.38% and a return on equity of 13.95%.

Insider Activity

In related news, COO Patrick O’brien sold 5,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 14th. The stock was sold at an average price of $13.22, for a total transaction of $66,100.00. Following the completion of the transaction, the chief operating officer now directly owns 170,425 shares in the company, valued at approximately $2,253,018.50. The trade was a 2.85% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Brian Joseph Oreilly sold 8,000 shares of the company’s stock in a transaction on Wednesday, March 26th. The stock was sold at an average price of $14.00, for a total transaction of $112,000.00. Following the completion of the transaction, the insider now directly owns 99,330 shares of the company’s stock, valued at $1,390,620. This represents a 7.45% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 20,500 shares of company stock worth $279,200. Corporate insiders own 22.79% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Wall Street Zen raised shares of Greenlight Capital Re from a “hold” rating to a “buy” rating in a research report on Friday, May 9th.

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.