Greenlight Capital Re (NASDAQ:GLRE) Stock Rating Upgraded by StockNews.com

Greenlight Capital Re (NASDAQ:GLRE) was upgraded by equities research analysts at StockNews.com from a “hold” rating to a “buy” rating in a research note issued to investors on Friday.

Greenlight Capital Re Stock Performance

Shares of GLRE opened at $14.78 on Friday. The company has a debt-to-equity ratio of 0.10, a quick ratio of 3.00 and a current ratio of 3.00. The stock has a 50 day moving average price of $13.79 and a two-hundred day moving average price of $13.25. The firm has a market capitalization of $522.03 million, a P/E ratio of 5.87 and a beta of 0.85. Greenlight Capital Re has a 52 week low of $10.49 and a 52 week high of $15.82.

Greenlight Capital Re (NASDAQ:GLRE) last released its earnings results on Monday, November 4th. The financial services provider reported $1.01 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.65 by $0.36. The company had revenue of $188.01 million during the quarter. Greenlight Capital Re had a return on equity of 14.21% and a net margin of 12.38%. During the same period in the prior year, the company earned $0.39 earnings per share.

Insider Buying and Selling at Greenlight Capital Re

In other Greenlight Capital Re news, Director Ian Isaacs sold 7,159 shares of the stock in a transaction on Friday, September 27th. The stock was sold at an average price of $13.81, for a total transaction of $98,865.79. Following the sale, the director now owns 86,984 shares in the company, valued at $1,201,249.04. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 22.79% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Greenlight Capital Re

Several institutional investors have recently made changes to their positions in the stock. Ridgewood Investments LLC purchased a new stake in shares of Greenlight Capital Re in the second quarter worth $37,000. CWM LLC raised its position in Greenlight Capital Re by 37.3% during the second quarter. CWM LLC now owns 3,702 shares of the financial services provider’s stock valued at $48,000 after purchasing an additional 1,005 shares in the last quarter. Bfsg LLC raised its position in Greenlight Capital Re by 25.8% during the third quarter. Bfsg LLC now owns 6,535 shares of the financial services provider’s stock valued at $89,000 after purchasing an additional 1,340 shares in the last quarter. SG Americas Securities LLC bought a new position in shares of Greenlight Capital Re during the third quarter valued at about $133,000. Finally, Vanguard Personalized Indexing Management LLC bought a new position in shares of Greenlight Capital Re during the second quarter valued at about $138,000. Hedge funds and other institutional investors own 41.52% of the company’s stock.

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.