Connor Clark & Lunn Investment Management Ltd. Has $735,000 Stock Holdings in Greenlight Capital Re, Ltd. $GLRE

Connor Clark & Lunn Investment Management Ltd. raised its position in shares of Greenlight Capital Re, Ltd. (NASDAQ:GLRE - Free Report) by 106.9% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 54,245 shares of the financial services provider's stock after buying an additional 28,028 shares during the period. Connor Clark & Lunn Investment Management Ltd. owned about 0.16% of Greenlight Capital Re worth $735,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of the company. Bfsg LLC increased its holdings in shares of Greenlight Capital Re by 11.5% during the first quarter. Bfsg LLC now owns 8,260 shares of the financial services provider's stock worth $112,000 after buying an additional 855 shares in the last quarter. PDT Partners LLC increased its holdings in shares of Greenlight Capital Re by 5.1% in the fourth quarter. PDT Partners LLC now owns 22,655 shares of the financial services provider's stock valued at $317,000 after purchasing an additional 1,109 shares in the last quarter. MetLife Investment Management LLC increased its holdings in shares of Greenlight Capital Re by 12.5% in the fourth quarter. MetLife Investment Management LLC now owns 16,518 shares of the financial services provider's stock valued at $231,000 after purchasing an additional 1,836 shares in the last quarter. Stifel Financial Corp increased its holdings in shares of Greenlight Capital Re by 5.1% in the fourth quarter. Stifel Financial Corp now owns 48,495 shares of the financial services provider's stock valued at $679,000 after purchasing an additional 2,360 shares in the last quarter. Finally, Aquatic Capital Management LLC increased its holdings in shares of Greenlight Capital Re by 374.4% in the fourth 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 in the last quarter. Institutional investors and hedge funds own 41.52% of the company's stock.

Greenlight Capital Re Stock Up 1.3%

GLRE traded up $0.1630 during trading on Friday, hitting $13.2030. The company had a trading volume of 26,038 shares, compared to its average volume of 107,389. The company has a market capitalization of $451.52 million, a PE ratio of 12.35 and a beta of 0.67. Greenlight Capital Re, Ltd. has a one year low of $12.14 and a one year high of $15.82. The firm's 50-day moving average price is $13.58 and its 200 day moving average price is $13.56. The company has a quick ratio of 2.83, a current ratio of 2.83 and a debt-to-equity ratio of 0.09.

Greenlight Capital Re (NASDAQ:GLRE - Get Free Report) last posted its quarterly earnings data on Monday, August 4th. The financial services provider reported $0.01 EPS for the quarter, beating the consensus estimate of ($0.35) by $0.36. The business had revenue of $179.63 million for the quarter. Greenlight Capital Re had a net margin of 5.37% and a return on equity of 5.75%.

Insider Activity

In other Greenlight Capital Re news, insider Thomas James Curnock sold 11,500 shares of the business's stock in a transaction dated Friday, August 8th. The shares were sold at an average price of $12.93, for a total transaction of $148,695.00. Following the sale, the insider directly owned 179,832 shares of the company's stock, valued at $2,325,227.76. The trade was a 6.01% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Ian Isaacs sold 13,000 shares of the business's stock in a transaction dated Wednesday, June 25th. The stock was sold at an average price of $14.92, for a total transaction of $193,960.00. Following the sale, the director directly owned 71,484 shares in the company, valued at $1,066,541.28. This trade represents a 15.39% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 23.55% of the company's stock.

Analysts Set New Price Targets

Separately, Wall Street Zen lowered shares of Greenlight Capital Re from a "buy" rating to a "hold" rating in a report on Saturday, July 5th.

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.