Mraz Amerine & Associates Inc. Takes Position in Greenlight Capital Re, Ltd. $GLRE

Key Points

• Mraz Amerine & Associates Inc. acquired 21,425 shares of Greenlight Capital Re, Ltd. during the second quarter, bringing its ownership to 0.06% of the company, valued at approximately $308,000.
• Insiders at Greenlight Capital Re have recently sold substantial shares, including Director Ian Isaacs, who sold 8,393 shares, and insider Thomas James Curnock, who sold 11,500 shares, resulting in decreases of 10.55% and 6.01% in their respective positions.
• Analyst ratings for Greenlight Capital Re are mixed, with Weiss Ratings retaining a "buy" rating while Wall Street Zen downgraded it from "buy" to "hold"; the overall consensus rating remains a "buy".

Mraz Amerine & Associates Inc. acquired a new stake in Greenlight Capital Re, Ltd. (NASDAQ:GLRE - Free Report) in the 2nd quarter, according to its most recent filing with the SEC. The fund acquired 21,425 shares of the financial services provider's stock, valued at approximately $308,000. Mraz Amerine & Associates Inc. owned 0.06% of Greenlight Capital Re as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of GLRE. GAMMA Investing LLC lifted its stake in Greenlight Capital Re by 5,284.0% in the first quarter. GAMMA Investing LLC now owns 4,038 shares of the financial services provider's stock valued at $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% in the 1st quarter. Bfsg LLC now owns 8,260 shares of the financial services provider's stock valued at $112,000 after acquiring an additional 855 shares in the last quarter. Bailard Inc. bought a new stake in Greenlight Capital Re in the 1st quarter valued at $138,000. Virtu Financial LLC acquired a new position in Greenlight Capital Re in the 1st quarter worth $156,000. Finally, Squarepoint Ops LLC bought a new position in Greenlight Capital Re during the 4th quarter worth about $186,000. 41.52% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, Director Ian Isaacs sold 8,393 shares of the stock in a transaction that occurred on Wednesday, September 17th. The stock was sold at an average price of $12.79, for a total value of $107,346.47. Following the completion of the sale, the director owned 71,137 shares of the company's stock, valued at approximately $909,842.23. This represents a 10.55% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 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 transaction of $148,695.00. Following the completion of the transaction, 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. Corporate insiders own 23.55% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on GLRE shares. Weiss Ratings restated a "buy (b)" rating on shares of Greenlight Capital Re in a report on Saturday, September 27th. Wall Street Zen lowered Greenlight Capital Re from a "buy" rating to a "hold" rating in a research report on Saturday, July 5th. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat.com, the stock has a consensus rating of "Buy".

Greenlight Capital Re Trading Up 0.2%

Greenlight Capital Re stock opened at $12.61 on Tuesday. The company has a market cap of $431.26 million, a price-to-earnings ratio of 11.79 and a beta of 0.60. The firm has a 50-day moving average of $12.83 and a 200-day moving average of $13.39. The company has a debt-to-equity ratio of 0.09, a current ratio of 2.83 and a quick ratio of 2.83. Greenlight Capital Re, Ltd. has a one year low of $12.14 and a one year high of $15.82.

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

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.

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