Invesco Ltd. Buys 172,639 Shares of Greenlight Capital Re, Ltd. $GLRE

Key Points

• Invesco Ltd. increased its stake in Greenlight Capital Re, Ltd. by 284.9% in Q1, now owning approximately 0.67% of the company valued at $3.16 million.
• Multiple hedge funds, including Dimensional Fund Advisors and Private Management Group, also raised their stakes in Greenlight Capital Re, contributing to institutional investors owning 41.52% of the company.
• Greenlight Capital Re's recent stock performance shows a 1.8% decline with a current share price of $12.89, against a twelve-month low of $12.14 and a high of $15.82.

Invesco Ltd. lifted its holdings in Greenlight Capital Re, Ltd. (NASDAQ:GLRE - Free Report) by 284.9% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 233,227 shares of the financial services provider's stock after buying an additional 172,639 shares during the quarter. Invesco Ltd. owned approximately 0.67% of Greenlight Capital Re worth $3,160,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently bought and sold shares of GLRE. Bfsg LLC lifted its holdings in shares of Greenlight Capital Re by 11.5% in the 1st quarter. Bfsg LLC now owns 8,260 shares of the financial services provider's stock worth $112,000 after purchasing an additional 855 shares during the last quarter. PDT Partners LLC lifted its stake in shares of Greenlight Capital Re by 5.1% in the 4th quarter. PDT Partners LLC now owns 22,655 shares of the financial services provider's stock worth $317,000 after acquiring an additional 1,109 shares during the period. MetLife Investment Management LLC raised its stake in shares of Greenlight Capital Re by 12.5% in the 4th quarter. MetLife Investment Management LLC now owns 16,518 shares of the financial services provider's stock worth $231,000 after buying an additional 1,836 shares in the last quarter. Stifel Financial Corp grew its stake in shares of Greenlight Capital Re by 5.1% in the 4th quarter. Stifel Financial Corp now owns 48,495 shares of the financial services provider's stock worth $679,000 after purchasing an additional 2,360 shares during 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 buying 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 Performance

NASDAQ GLRE traded down $0.08 during midday trading on Wednesday, hitting $12.73. The company had a trading volume of 63,193 shares, compared to its average volume of 106,769. The firm has a fifty day simple moving average of $13.32 and a two-hundred day simple moving average of $13.53. The company has a quick ratio of 2.83, a current ratio of 2.83 and a debt-to-equity ratio of 0.09. The stock has a market cap of $435.17 million, a price-to-earnings ratio of 11.89 and a beta of 0.63. Greenlight Capital Re, Ltd. has a fifty-two week low of $12.14 and a fifty-two week high of $15.82.

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

Analyst Ratings Changes

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

Insider Activity at Greenlight Capital Re

In other Greenlight Capital Re news, Director Ian Isaacs sold 13,000 shares of the company's stock in a transaction dated Wednesday, June 25th. The shares were 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 of the company's stock, valued at approximately $1,066,541.28. This represents a 15.39% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Thomas James Curnock sold 11,500 shares of the firm's stock in a transaction on Friday, August 8th. The shares were sold at an average price of $12.93, for a total value 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. This represents a 6.01% decrease in their ownership of the stock. The disclosure for this sale can be found here. 23.55% of the stock is owned by company insiders.

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.