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Greenlight Capital Re, Ltd. (NASDAQ:GLRE) Shares Sold by Ninety One UK Ltd

Greenlight Capital Re logo with Finance background

Ninety One UK Ltd decreased its holdings in shares of Greenlight Capital Re, Ltd. (NASDAQ:GLRE - Free Report) by 34.1% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 204,687 shares of the financial services provider's stock after selling 105,753 shares during the period. Ninety One UK Ltd owned approximately 0.59% of Greenlight Capital Re worth $2,774,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Aquatic Capital Management LLC increased its position in Greenlight Capital Re by 374.4% during the 4th quarter. Aquatic Capital Management LLC now owns 3,795 shares of the financial services provider's stock worth $53,000 after purchasing an additional 2,995 shares during the period. GAMMA Investing LLC increased its position in Greenlight Capital Re by 5,284.0% during the 1st quarter. GAMMA Investing LLC now owns 4,038 shares of the financial services provider's stock worth $55,000 after purchasing an additional 3,963 shares during the period. Bfsg LLC increased its position in Greenlight Capital Re by 11.5% during the 1st quarter. Bfsg LLC now owns 8,260 shares of the financial services provider's stock worth $112,000 after purchasing an additional 855 shares during the period. Squarepoint Ops LLC acquired a new position in Greenlight Capital Re during the 4th quarter worth approximately $186,000. Finally, ExodusPoint Capital Management LP acquired a new position in Greenlight Capital Re during the 4th quarter worth approximately $210,000. Institutional investors and hedge funds own 41.52% of the company's stock.

Insiders Place Their Bets

In other news, Director Ian Isaacs sold 13,000 shares of the firm's stock in a transaction on Wednesday, June 25th. The stock was sold at an average price of $14.92, for a total transaction of $193,960.00. Following the sale, the director owned 71,484 shares in the company, valued at $1,066,541.28. This trade represents a 15.39% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, COO Patrick O'brien sold 5,000 shares of the firm's stock in a transaction on Wednesday, May 14th. The stock was sold at an average price of $13.22, for a total value of $66,100.00. Following the sale, the chief operating officer owned 170,425 shares in the company, valued at $2,253,018.50. This trade represents a 2.85% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 25,500 shares of company stock worth $361,160. 23.55% of the stock is owned by insiders.

Greenlight Capital Re Price Performance

Shares of GLRE traded down $0.23 on Friday, reaching $13.31. The stock had a trading volume of 114,925 shares, compared to its average volume of 100,868. The firm has a market capitalization of $459.99 million, a PE ratio of 10.32 and a beta of 0.66. The company has a quick ratio of 2.90, a current ratio of 2.90 and a debt-to-equity ratio of 0.09. The firm has a 50-day moving average of $14.06 and a 200 day moving average of $13.71. Greenlight Capital Re, Ltd. has a twelve month low of $11.95 and a twelve month high of $15.82.

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 for the quarter, topping analysts' consensus estimates of $0.50 by $0.36. The business had revenue of $247.95 million for the quarter. Greenlight Capital Re had a return on equity of 6.99% and a net margin of 6.33%.

Analyst Upgrades and Downgrades

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

View Our Latest Report on GLRE

Greenlight Capital Re Profile

(Free Report)

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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Institutional Ownership by Quarter for Greenlight Capital Re (NASDAQ:GLRE)

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