Caz Investments LP Sells 22,500 Shares of Greenlight Capital Re, Ltd. (NASDAQ:GLRE)

Caz Investments LP lowered its stake in shares of Greenlight Capital Re, Ltd. (NASDAQ:GLRE) by 71.4% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 9,000 shares of the financial services provider’s stock after selling 22,500 shares during the quarter. Greenlight Capital Re accounts for 0.2% of Caz Investments LP’s portfolio, making the stock its 12th biggest position. Caz Investments LP’s holdings in Greenlight Capital Re were worth $126,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of GLRE. R Squared Ltd purchased a new stake in Greenlight Capital Re in the 4th quarter valued at about $29,000. Bfsg LLC lifted its holdings in Greenlight Capital Re by 13.3% during the fourth quarter. Bfsg LLC now owns 7,405 shares of the financial services provider’s stock worth $104,000 after acquiring an additional 870 shares during the period. Centiva Capital LP purchased a new position in Greenlight Capital Re in the third quarter worth $139,000. Janney Montgomery Scott LLC purchased a new position in Greenlight Capital Re in the fourth quarter worth $144,000. Finally, SG Americas Securities LLC grew its stake in Greenlight Capital Re by 20.2% in the 4th quarter. SG Americas Securities LLC now owns 11,715 shares of the financial services provider’s stock valued at $164,000 after purchasing an additional 1,971 shares during the period. 41.52% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, insider Brian Joseph Oreilly sold 8,000 shares of Greenlight Capital Re stock in a transaction dated Wednesday, March 26th. The shares were sold at an average price of $14.00, for a total value of $112,000.00. Following the completion of the transaction, the insider now owns 99,330 shares in the company, valued at $1,390,620. This trade represents a 7.45 % 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. Insiders own 22.79% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com cut Greenlight Capital Re from a “buy” rating to a “hold” rating in a research note on Wednesday, March 12th.

Greenlight Capital Re Stock Down 0.9 %

GLRE opened at $13.57 on Friday. Greenlight Capital Re, Ltd. has a twelve month low of $11.93 and a twelve month high of $15.82. The company’s 50-day moving average price is $13.56 and its two-hundred day moving average price is $13.92. The stock has a market cap of $469.03 million, a price-to-earnings ratio of 5.38 and a beta of 0.86. The company has a quick ratio of 3.02, a current ratio of 3.02 and a debt-to-equity ratio of 0.09.

Greenlight Capital Re (NASDAQ:GLRE) last posted its quarterly earnings data on Monday, March 10th. The financial services provider reported ($0.81) EPS for the quarter, missing the consensus estimate of $0.59 by ($1.40). Greenlight Capital Re had a net margin of 12.38% and a return on equity of 13.95%. The firm had revenue of $143.76 million during the quarter.

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.