Greenlight Capital Re, Ltd. (NASDAQ:GLRE) Short Interest Update

Greenlight Capital Re, Ltd. (NASDAQ:GLRE) saw a significant drop in short interest during the month of March. As of March 31st, there was short interest totalling 141,300 shares, a drop of 19.5% from the March 15th total of 175,500 shares. Based on an average daily volume of 96,500 shares, the short-interest ratio is presently 1.5 days. Approximately 0.5% of the shares of the company are short sold.

Wall Street Analysts Forecast Growth

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

Greenlight Capital Re Stock Up 2.0 %

NASDAQ GLRE traded up $0.27 during trading hours on Tuesday, hitting $13.57. 10,676 shares of the company traded hands, compared to its average volume of 88,985. The stock has a market capitalization of $469.10 million, a price-to-earnings ratio of 5.39 and a beta of 0.66. The business’s 50-day moving average is $13.41 and its 200-day moving average is $13.84. Greenlight Capital Re has a twelve month low of $11.93 and a twelve month 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.

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

Insider Buying and Selling at Greenlight Capital Re

In other Greenlight Capital Re news, insider Brian Joseph Oreilly sold 8,000 shares of the company’s stock in a transaction dated Wednesday, March 26th. The shares were sold at an average price of $14.00, for a total transaction of $112,000.00. Following the sale, the insider now directly owns 99,330 shares of the company’s stock, valued at approximately $1,390,620. This represents a 7.45 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 22.79% of the company’s stock.

Hedge Funds Weigh In On Greenlight Capital Re

Several large investors have recently added to or reduced their stakes in GLRE. CWA Asset Management Group LLC boosted its holdings in Greenlight Capital Re by 88.5% in the 1st quarter. CWA Asset Management Group LLC now owns 677,566 shares of the financial services provider’s stock worth $9,181,000 after buying an additional 318,047 shares during the period. Bfsg LLC boosted its position in Greenlight Capital Re by 11.5% during the 1st quarter. Bfsg LLC now owns 8,260 shares of the financial services provider’s stock valued at $112,000 after buying an additional 855 shares during the period. GAMMA Investing LLC grew its stake in shares of Greenlight Capital Re by 5,284.0% in the first quarter. GAMMA Investing LLC now owns 4,038 shares of the financial services provider’s stock worth $55,000 after purchasing an additional 3,963 shares during the last quarter. Squarepoint Ops LLC bought a new position in shares of Greenlight Capital Re during the fourth quarter valued at approximately $186,000. Finally, Two Sigma Advisers LP lifted its position in shares of Greenlight Capital Re by 139.0% in the 4th quarter. Two Sigma Advisers LP now owns 94,900 shares of the financial services provider’s stock worth $1,329,000 after purchasing an additional 55,200 shares during the period. 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.