Greenlight Capital Re, Ltd. (NASDAQ:GLRE) Stock Holdings Boosted by Martingale Asset Management L P

Martingale Asset Management L P boosted its position in Greenlight Capital Re, Ltd. (NASDAQ:GLRE) by 5.0% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 29,665 shares of the financial services provider’s stock after purchasing an additional 1,422 shares during the quarter. Martingale Asset Management L P owned about 0.08% of Greenlight Capital Re worth $405,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Dimensional Fund Advisors LP raised its holdings in shares of Greenlight Capital Re by 2.4% during the second quarter. Dimensional Fund Advisors LP now owns 2,040,466 shares of the financial services provider’s stock valued at $26,730,000 after buying an additional 48,317 shares during the last quarter. Vanguard Group Inc. raised its stake in Greenlight Capital Re by 0.6% during the 1st quarter. Vanguard Group Inc. now owns 1,343,464 shares of the financial services provider’s stock valued at $16,753,000 after acquiring an additional 8,489 shares in the last quarter. Private Management Group Inc. boosted its position in Greenlight Capital Re by 27.8% during the 3rd quarter. Private Management Group Inc. now owns 793,544 shares of the financial services provider’s stock worth $10,832,000 after acquiring an additional 172,523 shares during the period. CWA Asset Management Group LLC bought a new position in shares of Greenlight Capital Re in the third quarter worth $4,972,000. Finally, American Century Companies Inc. increased its holdings in shares of Greenlight Capital Re by 36.3% during the second quarter. American Century Companies Inc. now owns 346,777 shares of the financial services provider’s stock valued at $4,543,000 after purchasing an additional 92,364 shares during the period. 41.52% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised shares of Greenlight Capital Re from a “hold” rating to a “buy” rating in a report on Friday, November 8th.

Insider Buying and Selling

In related news, Director Ian Isaacs sold 7,159 shares of the stock in a transaction that occurred on Friday, September 27th. The shares were sold at an average price of $13.81, for a total transaction of $98,865.79. Following the completion of the sale, the director now directly owns 86,984 shares of the company’s stock, valued at $1,201,249.04. This represents a 7.60 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 22.79% of the stock is owned by corporate insiders.

Greenlight Capital Re Trading Up 0.3 %

Greenlight Capital Re stock opened at $15.03 on Wednesday. Greenlight Capital Re, Ltd. has a 12-month low of $10.80 and a 12-month high of $15.82. The company has a debt-to-equity ratio of 0.09, a current ratio of 3.02 and a quick ratio of 3.02. The stock has a market capitalization of $523.49 million, a PE ratio of 5.96 and a beta of 0.88. The firm has a 50 day simple moving average of $14.12 and a 200-day simple moving average of $13.53.

Greenlight Capital Re (NASDAQ:GLRE) last issued its quarterly earnings results on Monday, November 4th. The financial services provider reported $1.01 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.65 by $0.36. Greenlight Capital Re had a return on equity of 13.95% and a net margin of 12.38%. The firm had revenue of $188.01 million during the quarter. During the same period in the previous year, the business posted $0.39 earnings per share.

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.