Greenlight Capital Re, Ltd. $GLRE Shares Purchased by CWA Asset Management Group LLC

Key Points

• CWA Asset Management Group LLC increased its stake in Greenlight Capital Re by 27.8%, acquiring an additional 188,231 shares, bringing its total to 865,797 shares worth approximately $12.4 million.
• Greenlight Capital Re's stock had a 52-week range from $12.14 to $15.82, and it currently has a market capitalization of $441.52 million.
• Recently, analysts downgraded Greenlight Capital Re from a "buy" rating to a "hold," indicating a shift in market sentiment regarding the company's performance.

CWA Asset Management Group LLC increased its stake in shares of Greenlight Capital Re, Ltd. (NASDAQ:GLRE - Free Report) by 27.8% during the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 865,797 shares of the financial services provider's stock after buying an additional 188,231 shares during the quarter. CWA Asset Management Group LLC owned about 2.51% of Greenlight Capital Re worth $12,442,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. GAMMA Investing LLC lifted its position in Greenlight Capital Re by 5,284.0% during the first quarter. GAMMA Investing LLC now owns 4,038 shares of the financial services provider's stock worth $55,000 after buying an additional 3,963 shares in the last quarter. Bfsg LLC lifted its position in 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. Bailard Inc. purchased a new position in Greenlight Capital Re during the first quarter worth approximately $138,000. Virtu Financial LLC purchased a new position in Greenlight Capital Re during the first quarter worth approximately $156,000. Finally, Squarepoint Ops LLC purchased a new position in Greenlight Capital Re during the fourth quarter worth approximately $186,000. Hedge funds and other institutional investors own 41.52% of the company's stock.

Insiders Place Their Bets

In other news, insider Thomas James Curnock sold 11,500 shares of Greenlight Capital Re stock in a transaction on Friday, August 8th. The stock was sold at an average price of $12.93, for a total value of $148,695.00. Following the completion of the sale, the insider directly owned 179,832 shares of the company's stock, valued at approximately $2,325,227.76. The trade was a 6.01% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Ian Isaacs sold 8,393 shares of Greenlight Capital Re stock in a transaction on Wednesday, September 17th. The shares were sold at an average price of $12.79, for a total value of $107,346.47. Following the completion of the sale, the director directly owned 71,137 shares of the company's stock, valued at $909,842.23. The trade was a 10.55% decrease in their ownership of the stock. The disclosure for this sale can be found here. 23.55% of the stock is owned by insiders.

Greenlight Capital Re Price Performance

NASDAQ:GLRE opened at $12.91 on Friday. Greenlight Capital Re, Ltd. has a 52 week low of $12.14 and a 52 week high of $15.82. 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 company has a market capitalization of $441.52 million, a P/E ratio of 12.07 and a beta of 0.63. The stock's fifty day moving average is $12.91 and its two-hundred day moving average is $13.42.

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

Analysts Set New Price Targets

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

Greenlight Capital Re Company 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.

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