Greenlight Capital Re (NASDAQ:GLRE) Downgraded to Hold Rating by StockNews.com

Greenlight Capital Re (NASDAQ:GLRE) was downgraded by investment analysts at StockNews.com from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Wednesday.

Greenlight Capital Re Trading Down 3.2 %

NASDAQ:GLRE traded down $0.43 during trading hours on Wednesday, hitting $12.85. The company had a trading volume of 150,154 shares, compared to its average volume of 82,173. Greenlight Capital Re has a 52 week low of $11.72 and a 52 week 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 stock has a 50-day moving average price of $13.67 and a 200 day moving average price of $13.95. The company has a market capitalization of $447.59 million, a PE ratio of 5.10 and a beta of 0.86.

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

Institutional Trading of Greenlight Capital Re

A number of institutional investors and hedge funds have recently modified their holdings of the business. R Squared Ltd bought a new stake in Greenlight Capital Re in the 4th quarter worth about $29,000. Aquatic Capital Management LLC increased its position in shares of Greenlight Capital Re by 374.4% during the 4th quarter. Aquatic Capital Management LLC now owns 3,795 shares of the financial services provider’s stock valued at $53,000 after purchasing an additional 2,995 shares during the last quarter. Bfsg LLC grew its position in Greenlight Capital Re by 13.3% during the fourth quarter. Bfsg LLC now owns 7,405 shares of the financial services provider’s stock valued at $104,000 after buying an additional 870 shares during the period. Centiva Capital LP purchased a new position in Greenlight Capital Re during the third quarter valued at $139,000. Finally, Janney Montgomery Scott LLC bought a new stake in Greenlight Capital Re during the fourth quarter valued at about $144,000. Institutional investors own 41.52% of the company’s stock.

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.