95,801 Shares in Greenlight Capital Re, Ltd. (NASDAQ:GLRE) Acquired by Millennium Management LLC

Millennium Management LLC acquired a new position in shares of Greenlight Capital Re, Ltd. (NASDAQ:GLRE) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 95,801 shares of the financial services provider’s stock, valued at approximately $1,341,000. Millennium Management LLC owned 0.28% of Greenlight Capital Re as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in GLRE. Connor Clark & Lunn Investment Management Ltd. bought a new position in shares of Greenlight Capital Re in the 4th quarter worth about $367,000. Rhumbline Advisers increased its holdings in shares of Greenlight Capital Re by 12.5% in the 4th quarter. Rhumbline Advisers now owns 47,675 shares of the financial services provider’s stock worth $667,000 after acquiring an additional 5,304 shares during the period. Empowered Funds LLC increased its stake in Greenlight Capital Re by 62.7% during the 4th quarter. Empowered Funds LLC now owns 108,739 shares of the financial services provider’s stock valued at $1,522,000 after buying an additional 41,887 shares during the period. Bridgeway Capital Management LLC increased its stake in Greenlight Capital Re by 100.1% during the 4th quarter. Bridgeway Capital Management LLC now owns 133,739 shares of the financial services provider’s stock valued at $1,872,000 after buying an additional 66,887 shares during the period. Finally, Private Management Group Inc. increased its stake in Greenlight Capital Re by 17.3% during the 4th quarter. Private Management Group Inc. now owns 930,479 shares of the financial services provider’s stock valued at $13,027,000 after buying an additional 136,935 shares during the period. 41.52% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Greenlight Capital Re

In other Greenlight Capital Re news, COO Patrick O’brien sold 7,500 shares of the firm’s stock in a transaction dated Monday, May 12th. The shares were sold at an average price of $13.48, for a total value of $101,100.00. Following the completion of the transaction, the chief operating officer now directly owns 182,925 shares in the company, valued at $2,465,829. This trade represents a 3.94% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Brian Joseph Oreilly sold 8,000 shares of the firm’s stock in a transaction dated 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 owns 99,330 shares of the company’s stock, valued at approximately $1,390,620. The trade was a 7.45% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 20,500 shares of company stock valued at $279,200 in the last quarter. Insiders own 23.55% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Greenlight Capital Re Stock Performance

Shares of GLRE opened at $14.44 on Wednesday. The firm’s 50 day moving average is $13.43 and its 200-day moving average is $13.76. The stock has a market capitalization of $498.97 million, a P/E ratio of 5.73 and a beta of 0.67. The company has a debt-to-equity ratio of 0.09, a current ratio of 3.02 and a quick ratio of 3.02. Greenlight Capital Re, Ltd. has a 12-month low of $11.95 and a 12-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, topping the consensus estimate of $0.50 by $0.36. The company had revenue of $247.95 million for the quarter. Greenlight Capital Re had a net margin of 12.38% and a return on equity of 13.95%.

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.