Private Management Group Inc. Grows Position in Greenlight Capital Re, Ltd. (NASDAQ:GLRE)

Private Management Group Inc. grew its stake in shares of Greenlight Capital Re, Ltd. (NASDAQ:GLRE) by 69.0% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 452,313 shares of the financial services provider’s stock after buying an additional 184,620 shares during the period. Private Management Group Inc. owned 1.28% of Greenlight Capital Re worth $5,640,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Lancaster Investment Management purchased a new position in Greenlight Capital Re during the fourth quarter worth $1,256,000. Dimensional Fund Advisors LP boosted its stake in Greenlight Capital Re by 5.8% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,902,489 shares of the financial services provider’s stock worth $21,726,000 after buying an additional 104,721 shares during the last quarter. BNP Paribas Financial Markets boosted its stake in Greenlight Capital Re by 41.1% in the 4th quarter. BNP Paribas Financial Markets now owns 49,634 shares of the financial services provider’s stock worth $567,000 after buying an additional 14,452 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its stake in Greenlight Capital Re by 40.4% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 11,521 shares of the financial services provider’s stock worth $132,000 after buying an additional 3,315 shares during the last quarter. Finally, Campbell & CO Investment Adviser LLC acquired a new stake in Greenlight Capital Re in the 4th quarter worth about $409,000. Hedge funds and other institutional investors own 41.52% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com lowered Greenlight Capital Re from a “buy” rating to a “hold” rating in a research note on Friday, May 17th.

Greenlight Capital Re Trading Down 1.9 %

NASDAQ:GLRE traded down $0.26 during mid-day trading on Thursday, reaching $13.25. The company’s stock had a trading volume of 50,493 shares, compared to its average volume of 75,275. The company’s fifty day simple moving average is $12.97 and its two-hundred day simple moving average is $12.27. The company has a debt-to-equity ratio of 0.12, a current ratio of 3.09 and a quick ratio of 3.09. Greenlight Capital Re, Ltd. has a twelve month low of $9.94 and a twelve month high of $13.63. The stock has a market cap of $467.99 million, a P/E ratio of 4.52 and a beta of 0.84.

Greenlight Capital Re (NASDAQ:GLRE) last issued its quarterly earnings results on Wednesday, May 8th. The financial services provider reported $0.78 earnings per share (EPS) for the quarter. The firm had revenue of $182.89 million for the quarter. Greenlight Capital Re had a return on equity of 18.32% and a net margin of 15.69%.

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.