GSA Capital Partners LLP Increases Stock Position in Greenlight Capital Re, Ltd. (NASDAQ:GLRE)

Key Points

• GSA Capital Partners LLP increased its stake in Greenlight Capital Re by 82.1%, now holding approximately 81,314 shares valued at around $1.1 million.
• The company reported a quarterly earnings per share of $0.86, exceeding analysts' expectations, along with a revenue of $247.95 million.
• Director Ian Isaacs sold 13,000 shares at an average price of $14.92, reflecting a 15.39% decrease in his position within the company.

GSA Capital Partners LLP lifted its position in shares of Greenlight Capital Re, Ltd. (NASDAQ:GLRE - Free Report) by 82.1% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 81,314 shares of the financial services provider's stock after acquiring an additional 36,670 shares during the period. GSA Capital Partners LLP owned approximately 0.24% of Greenlight Capital Re worth $1,102,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in GLRE. CWA Asset Management Group LLC grew its position in Greenlight Capital Re by 88.5% in the 1st quarter. CWA Asset Management Group LLC now owns 677,566 shares of the financial services provider's stock worth $9,181,000 after purchasing an additional 318,047 shares during the period. Castalian Partners LLC bought a new stake in Greenlight Capital Re in the 4th quarter worth approximately $1,698,000. Private Management Group Inc. grew its position in Greenlight Capital Re by 11.2% in the 1st quarter. Private Management Group Inc. now owns 1,034,365 shares of the financial services provider's stock worth $14,016,000 after purchasing an additional 103,886 shares during the period. Millennium Management LLC bought a new stake in Greenlight Capital Re in the 4th quarter worth approximately $1,341,000. Finally, Wells Fargo & Company MN boosted its stake in shares of Greenlight Capital Re by 74.7% during the 4th quarter. Wells Fargo & Company MN now owns 180,581 shares of the financial services provider's stock worth $2,528,000 after acquiring an additional 77,195 shares during the last quarter. Institutional investors own 41.52% of the company's stock.

Analyst Upgrades and Downgrades

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

Insiders Place Their Bets

In other Greenlight Capital Re news, Director Ian Isaacs sold 13,000 shares of the business's stock in a transaction on Wednesday, June 25th. The shares were sold at an average price of $14.92, for a total value of $193,960.00. Following the sale, the director owned 71,484 shares in the company, valued at $1,066,541.28. The trade was a 15.39% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Patrick O'brien sold 7,500 shares of the business's stock in a transaction dated Monday, May 12th. The stock was sold at an average price of $13.48, for a total transaction of $101,100.00. Following the completion of the sale, the chief operating officer owned 182,925 shares in the company, valued at approximately $2,465,829. This trade represents a 3.94% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 25,500 shares of company stock worth $361,160. 23.55% of the stock is owned by corporate insiders.

Greenlight Capital Re Stock Performance

Shares of Greenlight Capital Re stock traded down $0.24 on Friday, hitting $12.76. 151,346 shares of the company's stock were exchanged, compared to its average volume of 119,249. The company has a debt-to-equity ratio of 0.09, a quick ratio of 2.90 and a current ratio of 2.90. Greenlight Capital Re, Ltd. has a 1 year low of $11.95 and a 1 year high of $15.82. The company has a 50-day simple moving average of $13.97 and a 200-day simple moving average of $13.64. The stock has a market capitalization of $440.99 million, a PE ratio of 9.89 and a beta of 0.67.

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

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.