Two Sigma Advisers LP Buys 55,200 Shares of Greenlight Capital Re, Ltd. (NASDAQ:GLRE)

Two Sigma Advisers LP raised its stake in Greenlight Capital Re, Ltd. (NASDAQ:GLRE - Free Report) by 139.0% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 94,900 shares of the financial services provider's stock after purchasing an additional 55,200 shares during the quarter. Two Sigma Advisers LP owned 0.27% of Greenlight Capital Re worth $1,329,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. R Squared Ltd purchased a new position in shares of Greenlight Capital Re in the fourth quarter worth $29,000. Aquatic Capital Management LLC raised its stake in shares of Greenlight Capital Re by 374.4% during the fourth quarter. Aquatic Capital Management LLC now owns 3,795 shares of the financial services provider's stock valued at $53,000 after acquiring an additional 2,995 shares during the last quarter. Bfsg LLC boosted its holdings in shares of Greenlight Capital Re by 13.3% during the fourth quarter. Bfsg LLC now owns 7,405 shares of the financial services provider's stock worth $104,000 after purchasing an additional 870 shares during the period. Janney Montgomery Scott LLC purchased a new stake in shares of Greenlight Capital Re during the fourth quarter worth about $144,000. Finally, SG Americas Securities LLC grew its stake in shares of Greenlight Capital Re by 20.2% in the fourth quarter. SG Americas Securities LLC now owns 11,715 shares of the financial services provider's stock worth $164,000 after purchasing an additional 1,971 shares during the last quarter. Institutional investors own 41.52% of the company's stock.

Insider Activity

In other news, COO Patrick O'brien sold 5,000 shares of Greenlight Capital Re stock in a transaction that occurred on Wednesday, May 14th. The shares were sold at an average price of $13.22, for a total transaction of $66,100.00. Following the completion of the transaction, the chief operating officer now directly owns 170,425 shares in the company, valued at approximately $2,253,018.50. This trade represents a 2.85% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Brian Joseph Oreilly sold 8,000 shares of the business's stock in a transaction that occurred on 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 sale, the insider now directly owns 99,330 shares in the company, valued at approximately $1,390,620. This represents a 7.45% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 20,500 shares of company stock worth $279,200 in the last quarter. 23.55% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

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

Greenlight Capital Re Trading Down 0.4%

Greenlight Capital Re stock traded down $0.05 during mid-day trading on Wednesday, reaching $14.39. 10,937 shares of the company traded hands, compared to its average volume of 92,646. The company has a debt-to-equity ratio of 0.09, a current ratio of 3.02 and a quick ratio of 3.02. Greenlight Capital Re, Ltd. has a 52-week low of $11.95 and a 52-week high of $15.82. The firm has a market capitalization of $497.11 million, a price-to-earnings ratio of 5.69 and a beta of 0.67. The firm's 50 day moving average price is $13.43 and its 200 day moving average price is $13.76.

Greenlight Capital Re (NASDAQ:GLRE - Get Free Report) last released its quarterly earnings results 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. Greenlight Capital Re had a net margin of 12.38% and a return on equity of 13.95%. The company had revenue of $247.95 million during 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.