Greenlight Capital Re (GLRE) to Release Earnings on Monday

Greenlight Capital Re (NASDAQ:GLRE) is anticipated to issue its results after the market closes on Monday, March 9th. Analysts expect the company to announce earnings of $1.12 per share for the quarter.

Greenlight Capital Re Price Performance

Shares of NASDAQ:GLRE opened at $14.15 on Friday. The company has a market cap of $482.52 million, a P/E ratio of -202.14 and a beta of 0.54. The business has a fifty day simple moving average of $13.97 and a 200-day simple moving average of $13.34. Greenlight Capital Re has a 52 week low of $11.56 and a 52 week high of $15.06. The company has a quick ratio of 2.89, a current ratio of 2.89 and a debt-to-equity ratio of 0.05.

Hedge Funds Weigh In On Greenlight Capital Re

Hedge funds and other institutional investors have recently modified their holdings of the company. AQR Capital Management LLC lifted its position in Greenlight Capital Re by 61.1% during the first quarter. AQR Capital Management LLC now owns 44,893 shares of the financial services provider’s stock valued at $608,000 after buying an additional 17,029 shares in the last quarter. Empowered Funds LLC grew its stake in shares of Greenlight Capital Re by 8.3% in the first quarter. Empowered Funds LLC now owns 117,805 shares of the financial services provider’s stock valued at $1,596,000 after buying an additional 9,066 shares in the last quarter. Jane Street Group LLC purchased a new stake in shares of Greenlight Capital Re during the 1st quarter valued at about $335,000. First Trust Advisors LP raised its holdings in shares of Greenlight Capital Re by 3.2% during the 2nd quarter. First Trust Advisors LP now owns 81,531 shares of the financial services provider’s stock valued at $1,172,000 after buying an additional 2,553 shares during the period. Finally, Ameriprise Financial Inc. lifted its position in Greenlight Capital Re by 0.3% during the 2nd quarter. Ameriprise Financial Inc. now owns 663,297 shares of the financial services provider’s stock worth $9,532,000 after acquiring an additional 2,180 shares in the last quarter. 41.52% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Greenlight Capital Re in a research note on Monday, December 29th. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the stock currently has an average rating of “Hold”.

About Greenlight Capital Re

Greenlight Capital Re Ltd. (NASDAQ: GLRE) is a Bermuda‐incorporated reinsurer externally managed by Greenlight Capital Re Services Ltd., a subsidiary of Greenlight Capital, Inc Since its formation in 2016 and subsequent initial public offering in 2017, the company has focused on providing customized reinsurance solutions to insurers worldwide. Greenlight Capital Re operates as an independent, publicly traded entity, leveraging the investment expertise and underwriting rigor that underpin its parent’s investment platform.

The company’s core business activities encompass both treaty and facultative reinsurance across a broad spectrum of property and casualty lines.