Greenlight Capital Re, Ltd. (NASDAQ:GLRE) Shares Sold by Independent Advisor Alliance

Independent Advisor Alliance lessened its stake in shares of Greenlight Capital Re, Ltd. (NASDAQ:GLRE) by 5.5% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 57,777 shares of the financial services provider’s stock after selling 3,350 shares during the period. Independent Advisor Alliance owned approximately 0.17% of Greenlight Capital Re worth $809,000 at the end of the most recent reporting period.

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

Analyst Upgrades and Downgrades

Separately, StockNews.com lowered shares of Greenlight Capital Re from a “buy” rating to a “hold” rating in a research note on Wednesday.

Greenlight Capital Re Stock Up 0.5 %

Greenlight Capital Re stock opened at $13.22 on Friday. 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, Ltd. has a 52 week low of $11.72 and a 52 week high of $15.82. The business’s 50-day moving average price is $13.64 and its 200 day moving average price is $13.94. The firm has a market cap of $460.48 million, a price-to-earnings ratio of 5.25 and a beta of 0.86.

Greenlight Capital Re (NASDAQ:GLRE) last released its quarterly earnings data on Monday, March 10th. The financial services provider reported ($0.81) earnings per share for the quarter, missing analysts’ consensus estimates 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.

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.