Greenlight Capital Re, Ltd. (NASDAQ:GLRE) Shares Sold by Summit Trail Advisors LLC

Summit Trail Advisors LLC decreased its holdings in shares of Greenlight Capital Re, Ltd. (NASDAQ:GLRE - Free Report) by 72.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 38,516 shares of the financial services provider's stock after selling 100,750 shares during the quarter. Summit Trail Advisors LLC owned 0.11% of Greenlight Capital Re worth $440,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of GLRE. Private Management Group Inc. raised its stake in shares of Greenlight Capital Re by 39.5% during the fourth quarter. Private Management Group Inc. now owns 267,693 shares of the financial services provider's stock worth $3,057,000 after acquiring an additional 75,788 shares in the last quarter. Lancaster Investment Management purchased a new stake in Greenlight Capital Re during the fourth quarter valued at about $1,256,000. Punch & Associates Investment Management Inc. grew its stake in shares of Greenlight Capital Re by 92.1% during the third quarter. Punch & Associates Investment Management Inc. now owns 445,140 shares of the financial services provider's stock valued at $4,781,000 after buying an additional 213,426 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. purchased a new position in shares of Greenlight Capital Re in the third quarter worth about $232,000. Finally, Rathbones Group PLC purchased a new stake in Greenlight Capital Re during the 3rd quarter valued at about $144,000. 41.52% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, Director Ian Isaacs sold 9,019 shares of Greenlight Capital Re 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 sale, the director now directly owns 87,591 shares in the company, valued at $1,051,092. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 27.10% of the company's stock.

Analyst Ratings Changes

Separately, StockNews.com upgraded shares of Greenlight Capital Re from a "hold" rating to a "buy" rating in a report on Monday, January 29th.

Greenlight Capital Re Trading Up 1.4 %

GLRE traded up $0.17 during midday trading on Wednesday, reaching $12.74. 68,063 shares of the company's stock traded hands, compared to its average volume of 75,142. 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, Ltd. has a 52 week low of $9.48 and a 52 week high of $12.89. The stock has a market capitalization of $450.49 million, a price-to-earnings ratio of 5.35 and a beta of 0.80. The firm has a fifty day moving average of $12.26 and a two-hundred day moving average of $11.63.

Greenlight Capital Re (NASDAQ:GLRE - Get Free Report) last issued its quarterly earnings data on Tuesday, March 5th. The financial services provider reported $0.50 EPS for the quarter. Greenlight Capital Re had a net margin of 13.32% and a return on equity of 15.48%. The business had revenue of $143.01 million during the quarter.

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.