Castalian Partners LLC Purchases Shares of 121,300 Greenlight Capital Re, Ltd. (NASDAQ:GLRE)

Castalian Partners LLC acquired a new position in shares of Greenlight Capital Re, Ltd. (NASDAQ:GLRE - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 121,300 shares of the financial services provider's stock, valued at approximately $1,698,000. Greenlight Capital Re comprises about 0.9% of Castalian Partners LLC's investment portfolio, making the stock its 17th biggest position. Castalian Partners LLC owned 0.35% of Greenlight Capital Re as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in the business. PDT Partners LLC boosted its stake in shares of Greenlight Capital Re by 5.1% during the fourth quarter. PDT Partners LLC now owns 22,655 shares of the financial services provider's stock valued at $317,000 after acquiring an additional 1,109 shares during the last quarter. Northern Trust Corp lifted its stake in shares of Greenlight Capital Re by 5.6% in the 4th quarter. Northern Trust Corp now owns 276,511 shares of the financial services provider's stock valued at $3,871,000 after purchasing an additional 14,629 shares in the last quarter. Aquatic Capital Management LLC grew its holdings 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 worth $53,000 after purchasing an additional 2,995 shares during the period. Price T Rowe Associates Inc. MD raised its holdings in Greenlight Capital Re by 20.6% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 42,827 shares of the financial services provider's stock valued at $600,000 after buying an additional 7,321 shares during the period. Finally, Stifel Financial Corp lifted its position in Greenlight Capital Re by 5.1% during the fourth quarter. Stifel Financial Corp now owns 48,495 shares of the financial services provider's stock valued at $679,000 after buying an additional 2,360 shares in the last quarter. 41.52% of the stock is owned by institutional investors and hedge funds.

Greenlight Capital Re Stock Up 1.8 %

Greenlight Capital Re stock traded up $0.24 during midday trading on Monday, hitting $13.45. 48,786 shares of the company were exchanged, compared to its average volume of 90,389. The company has a debt-to-equity ratio of 0.09, a current ratio of 3.02 and a quick ratio of 3.02. Greenlight Capital Re, Ltd. has a fifty-two week low of $11.95 and a fifty-two week high of $15.82. The company's fifty day moving average price is $13.37 and its 200-day moving average price is $13.81. The company has a market cap of $464.71 million, a PE ratio of 5.33 and a beta of 0.67.

Greenlight Capital Re (NASDAQ:GLRE - Get Free Report) 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). The firm had revenue of $143.76 million during the quarter. Greenlight Capital Re had a return on equity of 13.95% and a net margin of 12.38%.

Analysts Set New Price Targets

Separately, StockNews.com lowered shares of Greenlight Capital Re from a "buy" rating to a "hold" rating in a report on Wednesday, March 12th.

Insider Transactions at Greenlight Capital Re

In other news, insider Brian Joseph Oreilly sold 8,000 shares of the stock in a transaction that occurred on Wednesday, March 26th. The stock was 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 in the company, valued at approximately $1,390,620. This represents a 7.45 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 22.79% of the company's stock.

Greenlight Capital Re 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.