Lancaster Investment Management bought a new stake in shares of Greenlight Capital Re, Ltd. (NASDAQ:GLRE - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 110,000 shares of the financial services provider's stock, valued at approximately $1,256,000. Greenlight Capital Re accounts for about 0.6% of Lancaster Investment Management's portfolio, making the stock its 8th largest position. Lancaster Investment Management owned approximately 0.31% of Greenlight Capital Re as of its most recent SEC filing.
A number of other institutional investors have also recently modified their holdings of the business. Allspring Global Investments Holdings LLC grew its position in shares of Greenlight Capital Re by 40.4% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 11,521 shares of the financial services provider's stock valued at $132,000 after acquiring an additional 3,315 shares during the period. SG Americas Securities LLC boosted its holdings in Greenlight Capital Re by 26.8% in the 4th quarter. SG Americas Securities LLC now owns 14,095 shares of the financial services provider's stock worth $161,000 after buying an additional 2,978 shares during the last quarter. Vanguard Group Inc. boosted its holdings in Greenlight Capital Re by 0.3% in the 3rd quarter. Vanguard Group Inc. now owns 1,314,240 shares of the financial services provider's stock worth $14,115,000 after buying an additional 3,293 shares during the last quarter. American Century Companies Inc. boosted its holdings in Greenlight Capital Re by 96.8% in the 3rd quarter. American Century Companies Inc. now owns 51,076 shares of the financial services provider's stock worth $549,000 after buying an additional 25,120 shares during the last quarter. Finally, Royal Bank of Canada boosted its holdings in Greenlight Capital Re by 5.6% in the 3rd quarter. Royal Bank of Canada now owns 30,950 shares of the financial services provider's stock worth $333,000 after buying an additional 1,644 shares during the last quarter. 41.52% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
Separately, StockNews.com upgraded Greenlight Capital Re from a "hold" rating to a "buy" rating in a report on Monday, January 29th.
View Our Latest Stock Report on Greenlight Capital Re
Greenlight Capital Re Price Performance
GLRE stock traded down $0.05 during trading on Tuesday, hitting $12.56. The stock had a trading volume of 38,887 shares, compared to its average volume of 81,487. The stock has a market capitalization of $444.12 million, a P/E ratio of 5.28 and a beta of 0.82. The company's 50-day moving average price is $11.99 and its two-hundred day moving average price is $11.45. Greenlight Capital Re, Ltd. has a twelve month low of $9.31 and a twelve month high of $12.89. The company has a debt-to-equity ratio of 0.12, a current ratio of 3.29 and a quick ratio of 3.29.
Greenlight Capital Re (NASDAQ:GLRE - Get Free Report) last issued its earnings results on Tuesday, March 5th. The financial services provider reported $0.50 earnings per share for the quarter. The business had revenue of $143.01 million for the quarter. Greenlight Capital Re had a return on equity of 15.48% and a net margin of 13.32%.
Insider Transactions at Greenlight Capital Re
In other news, Director Ian Isaacs sold 9,019 shares of the business's stock in a transaction that occurred on Wednesday, March 27th. The stock was sold at an average price of $12.00, for a total transaction of $108,228.00. Following the transaction, the director now directly owns 87,591 shares in the company, valued at approximately $1,051,092. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 27.10% of the company's stock.
About Greenlight Capital Re
(
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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