Jane Street Group LLC Reduces Position in Greenlight Capital Re, Ltd. (NASDAQ:GLRE)

Jane Street Group LLC lessened its holdings in shares of Greenlight Capital Re, Ltd. (NASDAQ:GLRE) by 25.1% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 18,221 shares of the financial services provider’s stock after selling 6,090 shares during the period. Jane Street Group LLC’s holdings in Greenlight Capital Re were worth $249,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the business. State Street Corp grew its stake in Greenlight Capital Re by 1.1% during the 3rd quarter. State Street Corp now owns 575,930 shares of the financial services provider’s stock valued at $7,861,000 after acquiring an additional 6,319 shares in the last quarter. Centiva Capital LP purchased a new stake in Greenlight Capital Re during the 3rd quarter valued at about $139,000. PDT Partners LLC purchased a new stake in Greenlight Capital Re during the 3rd quarter valued at about $294,000. Martingale Asset Management L P grew its stake in Greenlight Capital Re by 5.0% during the 3rd quarter. Martingale Asset Management L P now owns 29,665 shares of the financial services provider’s stock valued at $405,000 after acquiring an additional 1,422 shares in the last quarter. Finally, Caz Investments LP grew its stake in Greenlight Capital Re by 40.0% during the 3rd quarter. Caz Investments LP now owns 31,500 shares of the financial services provider’s stock valued at $418,000 after acquiring an additional 9,000 shares in the last quarter. Hedge funds and other institutional investors own 41.52% of the company’s stock.

Greenlight Capital Re Stock Performance

NASDAQ:GLRE opened at $13.64 on Friday. The company has a debt-to-equity ratio of 0.09, a current ratio of 3.02 and a quick ratio of 3.02. The firm has a market capitalization of $475.11 million, a price-to-earnings ratio of 5.41 and a beta of 0.89. The company’s 50-day moving average is $14.43 and its two-hundred day moving average is $13.75. Greenlight Capital Re, Ltd. has a 1-year low of $10.95 and a 1-year high of $15.82.

Greenlight Capital Re (NASDAQ:GLRE) last posted its earnings results on Monday, November 4th. The financial services provider reported $1.01 earnings per share for the quarter, beating the consensus estimate of $0.65 by $0.36. The company had revenue of $188.01 million for the quarter. Greenlight Capital Re had a net margin of 12.38% and a return on equity of 13.95%. During the same quarter in the previous year, the firm earned $0.39 earnings per share.

Analyst Upgrades and Downgrades

Separately, StockNews.com cut shares of Greenlight Capital Re from a “buy” rating to a “hold” rating in a research note on Friday, January 3rd.

Greenlight Capital Re Company 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.