Martingale Asset Management L P Raises Stake in Greenlight Capital Re, Ltd. (NASDAQ:GLRE)

Martingale Asset Management L P lifted its position in shares of Greenlight Capital Re, Ltd. (NASDAQ:GLRE) by 186.2% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 84,915 shares of the financial services provider’s stock after buying an additional 55,250 shares during the quarter. Martingale Asset Management L P’s holdings in Greenlight Capital Re were worth $1,189,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the company. R Squared Ltd acquired a new position in Greenlight Capital Re in the 4th quarter valued at $29,000. Bfsg LLC grew its position in shares of Greenlight Capital Re by 13.3% in the fourth quarter. Bfsg LLC now owns 7,405 shares of the financial services provider’s stock valued at $104,000 after purchasing an additional 870 shares during the period. Centiva Capital LP acquired a new position in Greenlight Capital Re in the third quarter valued at $139,000. Janney Montgomery Scott LLC purchased a new position in Greenlight Capital Re during the fourth quarter worth about $144,000. Finally, SG Americas Securities LLC lifted its position in Greenlight Capital Re by 20.2% during the fourth quarter. SG Americas Securities LLC now owns 11,715 shares of the financial services provider’s stock worth $164,000 after buying an additional 1,971 shares during the period. Institutional investors and hedge funds own 41.52% of the company’s stock.

Analysts Set New Price Targets

Separately, StockNews.com downgraded shares of Greenlight Capital Re from a “buy” rating to a “hold” rating in a research note on Wednesday, March 12th.

Greenlight Capital Re Stock Performance

Shares of GLRE stock opened at $13.10 on Friday. 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 firm has a market capitalization of $452.79 million, a price-to-earnings ratio of 5.20 and a beta of 0.66. Greenlight Capital Re, Ltd. has a one year low of $11.93 and a one year high of $15.82. The company has a 50 day moving average price of $13.43 and a 200 day moving average price of $13.85.

Greenlight Capital Re (NASDAQ:GLRE) last released its quarterly earnings data on Monday, March 10th. The financial services provider reported ($0.81) EPS for the quarter, missing analysts’ consensus estimates of $0.59 by ($1.40). The firm had revenue of $143.76 million for the quarter. Greenlight Capital Re had a return on equity of 13.95% and a net margin of 12.38%.

Insider Activity

In other Greenlight Capital Re news, insider Brian Joseph Oreilly sold 8,000 shares of the business’s stock in a transaction dated Wednesday, March 26th. The stock was sold at an average price of $14.00, for a total transaction of $112,000.00. Following the transaction, the insider now owns 99,330 shares in the company, valued at $1,390,620. The trade was a 7.45 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 22.79% 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.