BNP Paribas Financial Markets Lowers Holdings in Greenlight Capital Re, Ltd. (NASDAQ:GLRE)

BNP Paribas Financial Markets lowered its holdings in Greenlight Capital Re, Ltd. (NASDAQ:GLRE - Free Report) by 44.0% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 31,165 shares of the financial services provider's stock after selling 24,520 shares during the quarter. BNP Paribas Financial Markets owned 0.09% of Greenlight Capital Re worth $436,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. JPMorgan Chase & Co. lifted its holdings in Greenlight Capital Re by 288.2% in the third quarter. JPMorgan Chase & Co. now owns 48,646 shares of the financial services provider's stock valued at $664,000 after acquiring an additional 36,116 shares during the period. Connor Clark & Lunn Investment Management Ltd. acquired a new position in shares of Greenlight Capital Re during the 4th quarter worth $367,000. Rhumbline Advisers raised its stake in shares of Greenlight Capital Re by 12.5% during the 4th quarter. Rhumbline Advisers now owns 47,675 shares of the financial services provider's stock worth $667,000 after buying an additional 5,304 shares during the last quarter. Empowered Funds LLC raised its stake in shares of Greenlight Capital Re by 62.7% during the 4th quarter. Empowered Funds LLC now owns 108,739 shares of the financial services provider's stock worth $1,522,000 after buying an additional 41,887 shares during the last quarter. Finally, Private Management Group Inc. raised its stake in shares of Greenlight Capital Re by 17.3% during the 4th quarter. Private Management Group Inc. now owns 930,479 shares of the financial services provider's stock worth $13,027,000 after buying an additional 136,935 shares during the last quarter. Institutional investors and hedge funds own 41.52% of the company's stock.

Greenlight Capital Re Price Performance

Shares of NASDAQ:GLRE traded up $0.32 during midday trading on Thursday, hitting $14.27. 40,892 shares of the stock were exchanged, compared to its average volume of 92,096. The stock has a market cap of $493.13 million, a P/E ratio of 5.67 and a beta of 0.67. 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, Ltd. has a twelve month low of $11.95 and a twelve month high of $15.82. The company has a 50 day moving average price of $13.36 and a 200-day moving average price of $13.77.

Greenlight Capital Re (NASDAQ:GLRE - Get Free Report) last released its quarterly earnings results on Wednesday, May 7th. The financial services provider reported $0.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.50 by $0.36. The business had revenue of $247.95 million during the quarter. Greenlight Capital Re had a return on equity of 13.95% and a net margin of 12.38%.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen raised Greenlight Capital Re from a "hold" rating to a "buy" rating in a research note on Friday, May 9th.

Insider Buying and Selling

In related news, insider Brian Joseph Oreilly sold 8,000 shares of Greenlight Capital Re stock in a transaction dated Wednesday, March 26th. The stock was sold at an average price of $14.00, for a total transaction of $112,000.00. Following the completion of the sale, the insider now owns 99,330 shares in the company, valued at approximately $1,390,620. This trade represents a 7.45% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, COO Patrick O'brien sold 7,500 shares of Greenlight Capital Re stock in a transaction dated Monday, May 12th. The shares were sold at an average price of $13.48, for a total value of $101,100.00. Following the completion of the sale, the chief operating officer now owns 182,925 shares of the company's stock, valued at $2,465,829. This trade represents a 3.94% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 20,500 shares of company stock worth $279,200. 23.55% of the stock is owned by corporate insiders.

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.