Greenlight Capital Re, Ltd. (NASDAQ:GLRE) Short Interest Up 24.3% in March

Greenlight Capital Re, Ltd. (NASDAQ:GLRE) was the target of a significant growth in short interest in March. As of March 15th, there was short interest totalling 175,500 shares, a growth of 24.3% from the February 28th total of 141,200 shares. Currently, 0.7% of the company’s stock are sold short. Based on an average daily volume of 85,600 shares, the days-to-cover ratio is presently 2.1 days.

Analyst Ratings Changes

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

Insider Transactions 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 stock was sold at an average price of $14.00, for a total value of $112,000.00. Following the transaction, the insider now directly owns 99,330 shares of the company’s stock, valued at $1,390,620. This represents a 7.45 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 22.79% of the stock is owned by insiders.

Institutional Trading of Greenlight Capital Re

Large investors have recently modified their holdings of the company. Charles Schwab Investment Management Inc. boosted its holdings in Greenlight Capital Re by 3.1% during the third quarter. Charles Schwab Investment Management Inc. now owns 77,154 shares of the financial services provider’s stock valued at $1,053,000 after acquiring an additional 2,318 shares during the period. BNP Paribas Financial Markets raised its stake in shares of Greenlight Capital Re by 13.3% in the 3rd quarter. BNP Paribas Financial Markets now owns 55,685 shares of the financial services provider’s stock valued at $760,000 after buying an additional 6,543 shares in the last quarter. Martingale Asset Management L P raised its holdings in shares of Greenlight Capital Re by 5.0% in the 3rd quarter. Martingale Asset Management L P now owns 29,665 shares of the financial services provider’s stock worth $405,000 after buying an additional 1,422 shares in the last quarter. PDT Partners LLC bought a new stake in shares of Greenlight Capital Re in the 3rd quarter worth about $294,000. Finally, Centiva Capital LP bought a new position in shares of Greenlight Capital Re in the third quarter valued at approximately $139,000. 41.52% of the stock is owned by institutional investors.

Greenlight Capital Re Stock Down 0.3 %

Greenlight Capital Re stock traded down $0.04 during mid-day trading on Wednesday, hitting $13.70. 72,655 shares of the company’s stock were exchanged, compared to its average volume of 87,079. Greenlight Capital Re has a 1-year low of $11.93 and a 1-year high of $15.82. The stock has a 50 day moving average of $13.54 and a two-hundred day moving average of $13.92. The stock has a market cap of $473.53 million, a P/E ratio of 5.44 and a beta of 0.86. The company has a current ratio of 3.02, a quick ratio of 3.02 and a debt-to-equity ratio of 0.09.

Greenlight Capital Re (NASDAQ:GLRE) last issued 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). Greenlight Capital Re had a net margin of 12.38% and a return on equity of 13.95%. The company had revenue of $143.76 million for the quarter.

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.