Summit Trail Advisors LLC Lowers Holdings in Greenlight Capital Re, Ltd. (NASDAQ:GLRE)

Summit Trail Advisors LLC reduced its stake in shares of Greenlight Capital Re, Ltd. (NASDAQ:GLRE) by 72.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). 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 about 0.11% of Greenlight Capital Re worth $440,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of GLRE. Private Management Group Inc. increased its stake in 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 during the last quarter. Lancaster Investment Management bought a new position in Greenlight Capital Re in the 4th quarter worth about $1,256,000. Allspring Global Investments Holdings LLC increased its position in shares of Greenlight Capital Re by 40.4% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 11,521 shares of the financial services provider’s stock worth $132,000 after acquiring an additional 3,315 shares during the period. SG Americas Securities LLC increased its holdings in Greenlight Capital Re by 26.8% during the 4th quarter. SG Americas Securities LLC now owns 14,095 shares of the financial services provider’s stock worth $161,000 after purchasing an additional 2,978 shares during the period. Finally, Trexquant Investment LP raised its holdings in shares of Greenlight Capital Re by 135.2% in the third quarter. Trexquant Investment LP now owns 37,919 shares of the financial services provider’s stock valued at $407,000 after acquiring an additional 21,797 shares in the last quarter. Institutional investors own 41.52% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised shares of Greenlight Capital Re from a “hold” rating to a “buy” rating in a research report on Monday, January 29th.

Insider Activity at Greenlight Capital Re

In other news, Director Ian Isaacs sold 9,019 shares of the stock in a transaction dated Wednesday, March 27th. The stock was sold at an average price of $12.00, for a total value of $108,228.00. Following the transaction, the director now directly owns 87,591 shares of the company’s stock, valued at $1,051,092. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 27.10% of the stock is owned by insiders.

Greenlight Capital Re Stock Performance

Shares of GLRE opened at $12.50 on Wednesday. The company has a current ratio of 3.29, a quick ratio of 3.29 and a debt-to-equity ratio of 0.12. The firm has a market cap of $442 million, a PE ratio of 5.28 and a beta of 0.80. Greenlight Capital Re, Ltd. has a 12 month low of $9.48 and a 12 month high of $12.89. The stock has a fifty day moving average price of $12.25 and a 200-day moving average price of $11.62.

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

Greenlight Capital Re 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.