CWA Asset Management Group LLC Has $9.18 Million Stock Position in Greenlight Capital Re, Ltd. (NASDAQ:GLRE)

CWA Asset Management Group LLC grew its stake in shares of Greenlight Capital Re, Ltd. (NASDAQ:GLRE - Free Report) by 88.5% in the first quarter, according to the company in its most recent filing with the SEC. The firm owned 677,566 shares of the financial services provider's stock after acquiring an additional 318,047 shares during the quarter. CWA Asset Management Group LLC owned about 1.96% of Greenlight Capital Re worth $9,181,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of GLRE. Castalian Partners LLC acquired a new stake in shares of Greenlight Capital Re during the 4th quarter worth approximately $1,698,000. Millennium Management LLC bought a new stake in Greenlight Capital Re during the fourth quarter worth $1,341,000. Wells Fargo & Company MN boosted its holdings in shares of Greenlight Capital Re by 74.7% in the 4th quarter. Wells Fargo & Company MN now owns 180,581 shares of the financial services provider's stock valued at $2,528,000 after purchasing an additional 77,195 shares in the last quarter. Ameriprise Financial Inc. increased its stake in shares of Greenlight Capital Re by 13.3% in the 4th quarter. Ameriprise Financial Inc. now owns 622,743 shares of the financial services provider's stock valued at $8,718,000 after purchasing an additional 73,317 shares during the last quarter. Finally, Bridgeway Capital Management LLC raised its holdings in shares of Greenlight Capital Re by 100.1% during the 4th quarter. Bridgeway Capital Management LLC now owns 133,739 shares of the financial services provider's stock worth $1,872,000 after buying an additional 66,887 shares in the last quarter. 41.52% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

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

Insiders Place Their Bets

In related news, COO Patrick O'brien sold 5,000 shares of the firm's stock in a transaction on Wednesday, May 14th. The stock was sold at an average price of $13.22, for a total transaction of $66,100.00. Following the sale, the chief operating officer now owns 170,425 shares of the company's stock, valued at $2,253,018.50. This trade represents a 2.85% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, 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 completion of the transaction, the insider now directly owns 99,330 shares of the company's stock, valued at approximately $1,390,620. The trade was a 7.45% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 20,500 shares of company stock valued at $279,200. 23.55% of the stock is currently owned by insiders.

Greenlight Capital Re Price Performance

Shares of GLRE stock traded up $0.08 on Friday, reaching $14.51. The company had a trading volume of 76,928 shares, compared to its average volume of 96,013. The business's 50-day moving average is $13.75 and its 200 day moving average is $13.74. Greenlight Capital Re, Ltd. has a one year low of $11.95 and a one year high of $15.82. The company has a quick ratio of 2.90, a current ratio of 2.90 and a debt-to-equity ratio of 0.09. The stock has a market capitalization of $501.29 million, a PE ratio of 11.24 and a beta of 0.67.

Greenlight Capital Re (NASDAQ:GLRE - Get Free Report) last released its quarterly earnings data on Wednesday, May 7th. The financial services provider reported $0.86 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.50 by $0.36. The business had revenue of $247.95 million during the quarter. Greenlight Capital Re had a net margin of 6.33% and a return on equity of 6.99%.

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.