10,213 Shares in Greenlight Capital Re, Ltd. (NASDAQ:GLRE) Bought by Centiva Capital LP

Centiva Capital LP purchased a new stake in Greenlight Capital Re, Ltd. (NASDAQ:GLRE) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 10,213 shares of the financial services provider’s stock, valued at approximately $139,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. CWM LLC lifted its stake in Greenlight Capital Re by 37.3% during the second quarter. CWM LLC now owns 3,702 shares of the financial services provider’s stock worth $48,000 after purchasing an additional 1,005 shares during the period. Bfsg LLC lifted its position in shares of Greenlight Capital Re by 25.8% during the 3rd 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 period. Martingale Asset Management L P boosted its stake in Greenlight Capital Re by 5.0% in 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 buying an additional 1,422 shares in the last quarter. Charles Schwab Investment Management Inc. grew its position in Greenlight Capital Re by 3.1% in the third quarter. Charles Schwab Investment Management Inc. now owns 77,154 shares of the financial services provider’s stock valued at $1,053,000 after acquiring an additional 2,318 shares during the period. Finally, Ridgewood Investments LLC acquired a new position in Greenlight Capital Re during the second quarter worth $37,000. Institutional investors own 41.52% of the company’s stock.

Analysts Set New Price Targets

Separately, StockNews.com raised shares of Greenlight Capital Re from a “hold” rating to a “buy” rating in a report on Friday, November 8th.

Insider Buying and Selling

In other Greenlight Capital Re news, Director Ian Isaacs sold 7,159 shares of the company’s stock in a transaction on Friday, September 27th. The stock was sold at an average price of $13.81, for a total transaction of $98,865.79. Following the transaction, the director now owns 86,984 shares of the company’s stock, valued at approximately $1,201,249.04. This represents a 7.60 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 22.79% of the stock is owned by corporate insiders.

Greenlight Capital Re Stock Performance

NASDAQ GLRE opened at $14.63 on Friday. Greenlight Capital Re, Ltd. has a 1-year low of $10.80 and a 1-year high of $15.82. The company has a 50 day moving average of $14.29 and a 200-day moving average of $13.61. 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 cap of $509.56 million, a price-to-earnings ratio of 5.86 and a beta of 0.88.

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

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.