Ninety One UK Ltd Reduces Holdings in Greenlight Capital Re, Ltd. (NASDAQ:GLRE)

Ninety One UK Ltd cut its position in 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 (SEC). The institutional investor owned 204,687 shares of the financial services provider's stock after selling 105,753 shares during the quarter. Ninety One UK Ltd owned about 0.59% of Greenlight Capital Re worth $2,774,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of GLRE. CWA Asset Management Group LLC increased its holdings in shares of Greenlight Capital Re by 88.5% in 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 buying an additional 318,047 shares during the last quarter. Castalian Partners LLC bought a new position in shares of Greenlight Capital Re in the 4th quarter worth $1,698,000. Millennium Management LLC bought a new position in shares of Greenlight Capital Re during the 4th quarter valued at $1,341,000. Wells Fargo & Company MN grew its holdings in shares of Greenlight Capital Re by 74.7% during the 4th quarter. Wells Fargo & Company MN now owns 180,581 shares of the financial services provider's stock valued at $2,528,000 after purchasing an additional 77,195 shares during the last quarter. Finally, Ameriprise Financial Inc. grew its holdings in shares of 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 valued at $8,718,000 after purchasing an additional 73,317 shares during the last quarter. 41.52% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Greenlight Capital Re news, Director Ian Isaacs sold 13,000 shares of the firm'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 sale, the director owned 71,484 shares of the company's stock, valued at $1,066,541.28. This trade represents a 15.39% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 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 transaction of $66,100.00. Following the completion of the sale, the chief operating officer directly owned 170,425 shares in the company, valued at approximately $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 three months, insiders sold 25,500 shares of company stock worth $361,160. Insiders own 23.55% of the company's stock.

Greenlight Capital Re Trading Down 2.2%

Shares of GLRE stock traded down $0.30 on Thursday, hitting $13.54. 84,188 shares of the company's stock traded hands, compared to its average volume of 101,003. 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, Ltd. has a one year low of $11.95 and a one year high of $15.82. The company's fifty day simple moving average is $14.05 and its 200 day simple moving average is $13.71. The stock has a market capitalization of $467.94 million, a price-to-earnings ratio of 10.50 and a beta of 0.66.

Greenlight Capital Re (NASDAQ:GLRE - Get Free Report) last released its earnings results on Wednesday, May 7th. The financial services provider reported $0.86 EPS for the quarter, beating the consensus estimate 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%.

Analyst Ratings Changes

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

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.