StockNews.com Lowers Greenlight Capital Re (NASDAQ:GLRE) to Hold

Greenlight Capital Re (NASDAQ:GLRE) was downgraded by analysts at StockNews.com from a “buy” rating to a “hold” rating in a report issued on Monday.

Greenlight Capital Re Trading Up 0.7 %

Shares of GLRE stock traded up $0.08 during mid-day trading on Monday, reaching $11.27. The company’s stock had a trading volume of 144,016 shares, compared to its average volume of 92,076. The company’s 50 day simple moving average is $11.03 and its 200-day simple moving average is $10.58. Greenlight Capital Re has a 12-month low of $7.52 and a 12-month high of $11.72. The company has a quick ratio of 3.12, a current ratio of 3.12 and a debt-to-equity ratio of 0.13. The firm has a market capitalization of $397.52 million, a PE ratio of 4.04 and a beta of 0.96.

Institutional Investors Weigh In On Greenlight Capital Re

A number of large investors have recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP grew its holdings in Greenlight Capital Re by 3.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,730,835 shares of the financial services provider’s stock valued at $18,234,000 after purchasing an additional 55,991 shares in the last quarter. Vanguard Group Inc. grew its holdings in Greenlight Capital Re by 3.3% during the 3rd quarter. Vanguard Group Inc. now owns 1,255,447 shares of the financial services provider’s stock valued at $9,340,000 after purchasing an additional 40,662 shares in the last quarter. Orchard Capital Management LLC grew its holdings in Greenlight Capital Re by 339.3% during the 2nd quarter. Orchard Capital Management LLC now owns 891,366 shares of the financial services provider’s stock valued at $9,391,000 after purchasing an additional 688,474 shares in the last quarter. Geode Capital Management LLC grew its holdings in Greenlight Capital Re by 7.1% during the 2nd quarter. Geode Capital Management LLC now owns 524,854 shares of the financial services provider’s stock worth $5,529,000 after acquiring an additional 34,643 shares in the last quarter. Finally, State Street Corp grew its holdings in Greenlight Capital Re by 1.5% during the 2nd quarter. State Street Corp now owns 495,411 shares of the financial services provider’s stock worth $3,830,000 after acquiring an additional 7,358 shares in the last quarter. 61.65% of the stock is owned by institutional investors and hedge funds.

About Greenlight Capital Re

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.