Greenlight Capital Re (NASDAQ:GLRE) Issues Quarterly Earnings Results

Greenlight Capital Re (NASDAQ:GLRE) announced its quarterly earnings data on Monday. The financial services provider reported ($0.81) EPS for the quarter, missing the consensus estimate of $0.59 by ($1.40), Zacks reports. Greenlight Capital Re had a net margin of 12.38% and a return on equity of 13.95%. The business had revenue of $143.76 million for the quarter.

Greenlight Capital Re Price Performance

Shares of GLRE stock opened at $13.28 on Wednesday. The company has a market capitalization of $462.57 million, a PE ratio of 5.27 and a beta of 0.86. Greenlight Capital Re has a 12 month low of $11.72 and a 12 month high of $15.82. 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’s 50-day moving average is $13.69 and its two-hundred day moving average is $13.96.

Analyst Ratings Changes

Separately, StockNews.com upgraded Greenlight Capital Re from a “hold” rating to a “buy” rating in a research note on Friday, January 31st.

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.