Catawba River Capital Acquires Shares of 200,166 Greenlight Capital Re, Ltd. $GLRE

Catawba River Capital bought a new position in Greenlight Capital Re, Ltd. (NASDAQ:GLRE) during the third quarter, according to its most recent filing with the SEC. The firm bought 200,166 shares of the financial services provider’s stock, valued at approximately $2,542,000. Greenlight Capital Re makes up 1.2% of Catawba River Capital’s investment portfolio, making the stock its 19th largest holding. Catawba River Capital owned approximately 0.59% of Greenlight Capital Re at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Tower Research Capital LLC TRC raised its holdings in Greenlight Capital Re by 90.2% during the second quarter. Tower Research Capital LLC TRC now owns 3,431 shares of the financial services provider’s stock worth $49,000 after buying an additional 1,627 shares during the last quarter. CWM LLC raised its holdings in shares of Greenlight Capital Re by 25.7% in the 2nd quarter. CWM LLC now owns 6,149 shares of the financial services provider’s stock worth $88,000 after acquiring an additional 1,256 shares during the last quarter. Financial Consulate Inc. bought a new position in Greenlight Capital Re in the 3rd quarter valued at about $124,000. Vanguard Personalized Indexing Management LLC boosted its stake in Greenlight Capital Re by 12.8% during the 3rd quarter. Vanguard Personalized Indexing Management LLC now owns 11,445 shares of the financial services provider’s stock valued at $145,000 after purchasing an additional 1,296 shares during the last quarter. Finally, Jane Street Group LLC bought a new stake in Greenlight Capital Re during the 1st quarter worth approximately $335,000. Institutional investors own 41.52% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a “hold (c-)” rating on shares of Greenlight Capital Re in a report on Monday, December 29th. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the company currently has an average rating of “Hold”.

Greenlight Capital Re Trading Up 1.3%

Shares of GLRE stock opened at $14.15 on Monday. The company has a debt-to-equity ratio of 0.05, a quick ratio of 2.89 and a current ratio of 2.89. The company has a market capitalization of $482.52 million, a price-to-earnings ratio of -202.14 and a beta of 0.54. Greenlight Capital Re, Ltd. has a 52-week low of $11.56 and a 52-week high of $15.06. The company has a 50-day simple moving average of $14.03 and a two-hundred day simple moving average of $13.26.

Greenlight Capital Re Company Profile

Greenlight Capital Re Ltd. (NASDAQ: GLRE) is a Bermuda‐incorporated reinsurer externally managed by Greenlight Capital Re Services Ltd., a subsidiary of Greenlight Capital, Inc Since its formation in 2016 and subsequent initial public offering in 2017, the company has focused on providing customized reinsurance solutions to insurers worldwide. Greenlight Capital Re operates as an independent, publicly traded entity, leveraging the investment expertise and underwriting rigor that underpin its parent’s investment platform.

The company’s core business activities encompass both treaty and facultative reinsurance across a broad spectrum of property and casualty lines.