Two Sigma Investments LP increased its stake in shares of Greenlight Capital Re, Ltd. (NASDAQ:GLRE - Free Report) by 41.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 94,212 shares of the financial services provider's stock after buying an additional 27,519 shares during the quarter. Two Sigma Investments LP owned about 0.27% of Greenlight Capital Re worth $1,319,000 at the end of the most recent reporting period.
Other large investors have also added to or reduced their stakes in the company. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of Greenlight Capital Re in the 4th quarter valued at $367,000. Rhumbline Advisers boosted its holdings in shares of Greenlight Capital Re by 12.5% during the 4th quarter. Rhumbline Advisers now owns 47,675 shares of the financial services provider's stock valued at $667,000 after acquiring an additional 5,304 shares in the last quarter. Empowered Funds LLC boosted its holdings in shares of Greenlight Capital Re by 62.7% during the 4th quarter. Empowered Funds LLC now owns 108,739 shares of the financial services provider's stock valued at $1,522,000 after acquiring an additional 41,887 shares in the last quarter. Millennium Management LLC acquired a new stake in shares of Greenlight Capital Re during the 4th quarter valued at $1,341,000. Finally, Bridgeway Capital Management LLC boosted its holdings in shares of Greenlight Capital Re by 100.1% during the 4th quarter. Bridgeway Capital Management LLC now owns 133,739 shares of the financial services provider's stock valued at $1,872,000 after acquiring an additional 66,887 shares in the last quarter. Institutional investors and hedge funds own 41.52% of the company's stock.
Insider Buying and Selling
In other news, COO Patrick O'brien sold 5,000 shares of Greenlight Capital Re 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 completion of the transaction, the chief operating officer now directly owns 170,425 shares of the company's stock, valued at approximately $2,253,018.50. This trade represents a 2.85% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Brian Joseph Oreilly sold 8,000 shares of Greenlight Capital Re stock in a transaction dated Wednesday, March 26th. The stock was sold at an average price of $14.00, for a total value of $112,000.00. Following the completion of the transaction, the insider now directly owns 99,330 shares of the company's stock, valued at approximately $1,390,620. This trade represents a 7.45% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 20,500 shares of company stock valued at $279,200 in the last three months. Insiders own 23.55% of the company's stock.
Analyst Ratings Changes
Separately, Wall Street Zen raised Greenlight Capital Re from a "hold" rating to a "buy" rating in a report on Friday, May 9th.
View Our Latest Stock Analysis on GLRE
Greenlight Capital Re Price Performance
Shares of NASDAQ GLRE traded up $0.32 during mid-day trading on Friday, hitting $14.40. 97,336 shares of the stock traded hands, compared to its average volume of 93,886. The company has a debt-to-equity ratio of 0.09, a current ratio of 3.02 and a quick ratio of 3.02. Greenlight Capital Re, Ltd. has a twelve month low of $11.95 and a twelve month high of $15.82. The company has a market cap of $497.59 million, a PE ratio of 5.71 and a beta of 0.67. The firm has a 50 day simple moving average of $13.46 and a two-hundred day simple moving average of $13.74.
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, topping the consensus estimate of $0.50 by $0.36. The business had revenue of $247.95 million during the quarter. Greenlight Capital Re had a return on equity of 13.95% and a net margin of 12.38%.
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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