GSA Capital Partners LLP Raises 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 stake 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 SEC. The institutional investor owned 81,314 shares of the financial services provider's stock after buying an additional 36,670 shares during the period. GSA Capital Partners LLP owned about 0.24% of Greenlight Capital Re worth $1,102,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the stock. Dimensional Fund Advisors LP grew its holdings in Greenlight Capital Re by 0.9% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,112,254 shares of the financial services provider's stock worth $29,571,000 after acquiring an additional 18,533 shares during the period. Private Management Group Inc. grew its holdings in Greenlight Capital Re by 11.2% during 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 acquiring an additional 103,886 shares during the period. CWA Asset Management Group LLC grew its holdings in Greenlight Capital Re by 88.5% during 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 acquiring an additional 318,047 shares during the period. Ameriprise Financial Inc. grew its holdings in Greenlight Capital Re by 13.3% during the 4th quarter. Ameriprise Financial Inc. now owns 622,743 shares of the financial services provider's stock worth $8,718,000 after acquiring an additional 73,317 shares during the period. Finally, American Century Companies Inc. grew its holdings in Greenlight Capital Re by 13.6% during the 4th quarter. American Century Companies Inc. now owns 469,760 shares of the financial services provider's stock worth $6,577,000 after acquiring an additional 56,281 shares during the period. 41.52% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Greenlight Capital Re

In other news, COO Patrick O'brien sold 7,500 shares of the stock in a transaction dated Monday, May 12th. The shares were sold at an average price of $13.48, for a total transaction of $101,100.00. Following the transaction, the chief operating officer owned 182,925 shares of the company's stock, valued at $2,465,829. This represents a 3.94% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Ian Isaacs sold 13,000 shares of the firm'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 completion of the transaction, the director directly owned 71,484 shares in the company, valued at approximately $1,066,541.28. The trade was a 15.39% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 25,500 shares of company stock worth $361,160 in the last three months. Insiders own 23.55% of the company's stock.

Wall Street Analyst Weigh In

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

Greenlight Capital Re Stock Up 0.1%

Shares of GLRE stock traded up $0.01 on Thursday, reaching $13.00. 131,539 shares of the company were exchanged, compared to its average volume of 114,918. The company has a market cap of $449.28 million, a price-to-earnings ratio of 10.08 and a beta of 0.66. The company has a 50-day moving average of $13.99 and a 200-day moving average of $13.65. The company has a debt-to-equity ratio of 0.09, a current ratio of 2.90 and a quick ratio of 2.90. Greenlight Capital Re, Ltd. has a one year low of $11.95 and a one year high of $15.82.

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 company had revenue of $247.95 million for the quarter. Greenlight Capital Re had a net margin of 6.33% and a return on equity of 6.99%.

About Greenlight Capital Re

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.