Ninety One SA PTY Ltd Sells 29,524 Shares of Greenlight Capital Re, Ltd. (NASDAQ:GLRE)

Ninety One SA PTY Ltd reduced its holdings in shares of Greenlight Capital Re, Ltd. (NASDAQ:GLRE) by 31.4% in the 4th quarter, Holdings Channel.com reports. The fund owned 64,445 shares of the financial services provider’s stock after selling 29,524 shares during the period. Ninety One SA PTY Ltd’s holdings in Greenlight Capital Re were worth $736,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Lancaster Investment Management bought a new position in Greenlight Capital Re in the fourth quarter valued at $1,256,000. Punch & Associates Investment Management Inc. increased its position in shares of Greenlight Capital Re by 92.1% in 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 acquiring an additional 213,426 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. bought a new stake in Greenlight Capital Re during the third quarter worth about $232,000. Rathbones Group PLC acquired a new position in Greenlight Capital Re during the third quarter valued at approximately $144,000. Finally, Acadian Asset Management LLC bought a new position in Greenlight Capital Re in the third quarter valued at approximately $123,000. 41.52% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded Greenlight Capital Re from a “hold” rating to a “buy” rating in a research note on Monday, January 29th.

Greenlight Capital Re Stock Performance

GLRE stock traded up $0.08 during trading hours on Thursday, reaching $12.24. The stock had a trading volume of 20,039 shares, compared to its average volume of 78,657. The stock has a 50-day simple moving average of $12.11 and a 200 day simple moving average of $11.50. Greenlight Capital Re, Ltd. has a fifty-two week low of $9.48 and a fifty-two week high of $12.89. The stock has a market capitalization of $432.81 million, a PE ratio of 5.11 and a beta of 0.82. 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) last issued its earnings results on Tuesday, March 5th. The financial services provider reported $0.50 earnings per share (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.

Insider Activity

In related 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 of the company’s stock, valued at approximately $1,051,092. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 27.10% of the company’s stock.

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.