Greenlight Capital Re, Ltd. (NASDAQ:GLRE) Shares Sold by Summit Trail Advisors LLC

Summit Trail Advisors LLC decreased its position in Greenlight Capital Re, Ltd. (NASDAQ:GLRE) by 72.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 38,516 shares of the financial services provider’s stock after selling 100,750 shares during the quarter. Summit Trail Advisors LLC’s holdings in Greenlight Capital Re were worth $440,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in GLRE. Punch & Associates Investment Management Inc. grew its stake in Greenlight Capital Re by 92.1% in the third quarter. Punch & Associates Investment Management Inc. now owns 445,140 shares of the financial services provider’s stock worth $4,781,000 after purchasing an additional 213,426 shares in the last quarter. Private Management Group Inc. grew its position in shares of Greenlight Capital Re by 39.5% in the 4th quarter. Private Management Group Inc. now owns 267,693 shares of the financial services provider’s stock worth $3,057,000 after acquiring an additional 75,788 shares in the last quarter. Lancaster Investment Management bought a new stake in shares of Greenlight Capital Re in the 4th quarter valued at approximately $1,256,000. Strs Ohio lifted its stake in Greenlight Capital Re by 240.0% during the third quarter. Strs Ohio now owns 44,200 shares of the financial services provider’s stock worth $474,000 after purchasing an additional 31,200 shares during the last quarter. Finally, Trexquant Investment LP boosted its holdings in Greenlight Capital Re by 135.2% in the third quarter. Trexquant Investment LP now owns 37,919 shares of the financial services provider’s stock worth $407,000 after purchasing an additional 21,797 shares during the period. Hedge funds and other institutional investors own 41.52% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com raised shares of Greenlight Capital Re from a “hold” rating to a “buy” rating in a research report on Monday, January 29th.

Insiders Place Their Bets

In other Greenlight Capital Re news, Director Ian Isaacs sold 9,019 shares of Greenlight Capital Re stock in a transaction dated Wednesday, March 27th. The stock was sold at an average price of $12.00, for a total transaction of $108,228.00. Following the transaction, the director now owns 87,591 shares of the company’s stock, valued at approximately $1,051,092. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 27.10% of the company’s stock.

Greenlight Capital Re Price Performance

Shares of NASDAQ:GLRE opened at $12.50 on Wednesday. Greenlight Capital Re, Ltd. has a 52 week low of $9.48 and a 52 week high of $12.89. The firm has a market capitalization of $442 million, a P/E ratio of 5.28 and a beta of 0.80. The firm’s 50 day moving average is $12.25 and its two-hundred day moving average is $11.62. The company has a current ratio of 3.29, a quick ratio of 3.29 and a debt-to-equity ratio of 0.12.

Greenlight Capital Re (NASDAQ:GLRE) last issued its quarterly earnings results on Tuesday, March 5th. The financial services provider reported $0.50 earnings per share (EPS) for the quarter. The firm had revenue of $143.01 million during the quarter. Greenlight Capital Re had a return on equity of 15.48% and a net margin of 13.32%.

Greenlight Capital Re Company 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.