Greenlight Capital Re (NASDAQ:GLRE) Upgraded at StockNews.com

StockNews.com upgraded shares of Greenlight Capital Re (NASDAQ:GLRE) from a hold rating to a buy rating in a report released on Friday.

Greenlight Capital Re Stock Down 1.5 %

GLRE opened at $13.50 on Friday. Greenlight Capital Re has a one year low of $11.08 and a one year high of $15.82. 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 market capitalization of $470.23 million, a P/E ratio of 5.36 and a beta of 0.89. The business’s 50-day simple moving average is $14.19 and its 200-day simple moving average is $13.87.

Greenlight Capital Re (NASDAQ:GLRE) last released its quarterly earnings results on Monday, November 4th. The financial services provider reported $1.01 EPS for the quarter, topping 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 return on equity of 13.95% and a net margin of 12.38%. During the same period last year, the firm earned $0.39 EPS.

Institutional Trading of Greenlight Capital Re

Institutional investors and hedge funds have recently bought and sold shares of the business. R Squared Ltd acquired a new position in Greenlight Capital Re in the fourth quarter valued at $29,000. Bfsg LLC grew its holdings in shares of Greenlight Capital Re by 25.8% during the third quarter. Bfsg LLC now owns 6,535 shares of the financial services provider’s stock worth $89,000 after buying an additional 1,340 shares during the last quarter. SG Americas Securities LLC acquired a new position in Greenlight Capital Re in the 3rd quarter valued at about $133,000. Centiva Capital LP purchased a new stake in Greenlight Capital Re during the 3rd quarter valued at approximately $139,000. Finally, Janney Montgomery Scott LLC acquired a new stake in Greenlight Capital Re during the 4th quarter worth approximately $144,000. Hedge funds and other institutional investors own 41.52% of the company’s stock.

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.