BNP Paribas Financial Markets Sells 24,520 Shares of Greenlight Capital Re, Ltd. (NASDAQ:GLRE)

BNP Paribas Financial Markets lowered its position in shares of Greenlight Capital Re, Ltd. (NASDAQ:GLRE) by 44.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 31,165 shares of the financial services provider’s stock after selling 24,520 shares during the quarter. BNP Paribas Financial Markets owned about 0.09% of Greenlight Capital Re worth $436,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in GLRE. R Squared Ltd purchased a new stake in Greenlight Capital Re during the 4th quarter valued at $29,000. Aquatic Capital Management LLC lifted its position in shares of Greenlight Capital Re by 374.4% during the 4th quarter. Aquatic Capital Management LLC now owns 3,795 shares of the financial services provider’s stock valued at $53,000 after buying an additional 2,995 shares in the last quarter. Bfsg LLC increased its stake in shares of Greenlight Capital Re by 13.3% in the fourth quarter. Bfsg LLC now owns 7,405 shares of the financial services provider’s stock worth $104,000 after purchasing an additional 870 shares in the last quarter. Janney Montgomery Scott LLC bought a new position in shares of Greenlight Capital Re in the fourth quarter worth about $144,000. Finally, SG Americas Securities LLC lifted its holdings in shares of Greenlight Capital Re by 20.2% in the fourth quarter. SG Americas Securities LLC now owns 11,715 shares of the financial services provider’s stock worth $164,000 after buying an additional 1,971 shares in the last quarter. Institutional investors own 41.52% of the company’s stock.

Insider Activity at Greenlight Capital Re

In other Greenlight Capital Re news, COO Patrick O’brien sold 5,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 14th. The shares were sold at an average price of $13.22, for a total transaction of $66,100.00. Following the transaction, the chief operating officer now owns 170,425 shares in the company, valued at approximately $2,253,018.50. This represents a 2.85% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Brian Joseph Oreilly sold 8,000 shares of Greenlight Capital Re stock in a transaction dated Wednesday, March 26th. The stock was sold at an average price of $14.00, for a total value of $112,000.00. Following the sale, the insider now directly 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 disclosure for this sale can be found here. Insiders sold 20,500 shares of company stock worth $279,200 over the last three months. 22.79% of the stock is owned by corporate insiders.

Greenlight Capital Re Price Performance

Greenlight Capital Re stock opened at $13.50 on Monday. The company has a current ratio of 3.02, a quick ratio of 3.02 and a debt-to-equity ratio of 0.09. The firm has a market capitalization of $466.49 million, a PE ratio of 5.36 and a beta of 0.67. Greenlight Capital Re, Ltd. has a 12-month low of $11.95 and a 12-month high of $15.82. The firm has a 50-day moving average price of $13.34 and a 200-day moving average price of $13.78.

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

Analysts Set New Price Targets

Separately, Wall Street Zen upgraded 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.