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

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

A number of other large investors also recently bought and sold shares of GLRE. Connor Clark & Lunn Investment Management Ltd. purchased a new position in Greenlight Capital Re during the 4th quarter valued at $367,000. Intech Investment Management LLC bought a new stake in Greenlight Capital Re during the 4th quarter valued at $211,000. American Century Companies Inc. raised its position in Greenlight Capital Re by 13.6% during the 4th quarter. American Century Companies Inc. now owns 469,760 shares of the financial services provider's stock valued at $6,577,000 after purchasing an additional 56,281 shares in the last quarter. JPMorgan Chase & Co. raised its position in Greenlight Capital Re by 99.8% during the 4th quarter. JPMorgan Chase & Co. now owns 97,210 shares of the financial services provider's stock valued at $1,361,000 after purchasing an additional 48,564 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership raised its position in Greenlight Capital Re by 188.7% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 68,104 shares of the financial services provider's stock valued at $953,000 after purchasing an additional 44,514 shares in the last quarter. Hedge funds and other institutional investors own 41.52% of the company's stock.

Analyst Ratings Changes

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

Insider Activity

In other news, COO Patrick O'brien sold 5,000 shares of the company's stock in a transaction dated 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 represents a 2.85% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Ian Isaacs sold 13,000 shares of the company's stock in a transaction dated Wednesday, June 25th. The stock was sold at an average price of $14.92, for a total value of $193,960.00. Following the completion of the transaction, the director directly owned 71,484 shares of the company's stock, valued at $1,066,541.28. The trade was a 15.39% 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. Company insiders own 23.55% of the company's stock.

Greenlight Capital Re Stock Down 1.7%

NASDAQ GLRE traded down $0.23 on Friday, reaching $13.31. 114,925 shares of the stock traded hands, compared to its average volume of 100,918. The company has a market cap of $459.99 million, a price-to-earnings ratio of 10.32 and a beta of 0.66. 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 12 month low of $11.95 and a 12 month high of $15.82. The company has a fifty day moving average price of $14.06 and a 200-day moving average price of $13.71.

Greenlight Capital Re (NASDAQ:GLRE - Get Free Report) last announced its earnings results on Wednesday, May 7th. The financial services provider reported $0.86 earnings per share (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 return on equity of 6.99% and a net margin of 6.33%.

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.