Ninety One UK Ltd Has $2.77 Million Position in Greenlight Capital Re, Ltd. (NASDAQ:GLRE)

Ninety One UK Ltd trimmed its position in Greenlight Capital Re, Ltd. (NASDAQ:GLRE - Free Report) by 34.1% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). 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 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of Greenlight Capital Re during the fourth quarter valued at approximately $367,000. GAMMA Investing LLC boosted its stake in shares of 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 acquiring an additional 3,963 shares in the last quarter. Millennium Management LLC acquired a new position in Greenlight Capital Re during the fourth quarter valued at approximately $1,341,000. D. E. Shaw & Co. Inc. raised its holdings in Greenlight Capital Re by 26.8% in the 4th quarter. D. E. Shaw & Co. Inc. now owns 74,005 shares of the financial services provider's stock worth $1,036,000 after acquiring an additional 15,645 shares during the period. Finally, Bridgeway Capital Management LLC increased its stake in shares of Greenlight Capital Re by 100.1% in the fourth quarter. Bridgeway Capital Management LLC now owns 133,739 shares of the financial services provider's stock worth $1,872,000 after purchasing an additional 66,887 shares during the period. Institutional investors own 41.52% of the company's stock.

Insider Buying and Selling

In related news, COO Patrick O'brien sold 5,000 shares of the business's stock in a transaction that occurred on Wednesday, May 14th. The shares were sold at an average price of $13.22, for a total value of $66,100.00. Following the completion of the transaction, the chief operating officer owned 170,425 shares in the company, valued at $2,253,018.50. The trade was a 2.85% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Ian Isaacs sold 13,000 shares of the company'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 transaction, the director directly owned 71,484 shares in the company, valued at $1,066,541.28. This trade represents a 15.39% decrease in their position. The disclosure for this sale can be found here. Over 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 Price Performance

Shares of GLRE stock traded up $0.10 during mid-day trading on Wednesday, reaching $13.84. The company's stock had a trading volume of 113,327 shares, compared to its average volume of 100,665. The company has a market cap of $478.24 million, a P/E ratio of 10.73 and a beta of 0.66. The firm's 50-day moving average is $14.03 and its two-hundred day moving average is $13.71. Greenlight Capital Re, Ltd. has a 1-year low of $11.95 and a 1-year high of $15.82. 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 (NASDAQ:GLRE - Get Free Report) last announced its quarterly 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 return on equity of 6.99% and a net margin of 6.33%. The firm had revenue of $247.95 million for the quarter.

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.

Greenlight Capital Re Company 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.