Greenlight Capital Re, Ltd. (NASDAQ:GLRE) Shares Acquired by BNP Paribas Financial Markets

BNP Paribas Financial Markets lifted its stake in Greenlight Capital Re, Ltd. (NASDAQ:GLRE) by 13.3% in the third quarter, HoldingsChannel reports. The firm owned 55,685 shares of the financial services provider’s stock after acquiring an additional 6,543 shares during the quarter. BNP Paribas Financial Markets’ holdings in Greenlight Capital Re were worth $760,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of GLRE. CWA Asset Management Group LLC purchased a new stake in shares of Greenlight Capital Re during the third quarter worth approximately $4,972,000. Empowered Funds LLC raised its holdings in shares of Greenlight Capital Re by 232.8% in the third quarter. Empowered Funds LLC now owns 66,852 shares of the financial services provider’s stock valued at $913,000 after buying an additional 46,764 shares during the last quarter. Private Management Group Inc. lifted its position in Greenlight Capital Re by 27.8% during the 3rd quarter. Private Management Group Inc. now owns 793,544 shares of the financial services provider’s stock worth $10,832,000 after acquiring an additional 172,523 shares during the period. Dimensional Fund Advisors LP increased its stake in Greenlight Capital Re by 2.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,040,466 shares of the financial services provider’s stock valued at $26,730,000 after buying an additional 48,317 shares during the period. Finally, Bank of Montreal Can acquired a new position in shares of Greenlight Capital Re during the second quarter worth about $894,000. Hedge funds and other institutional investors own 41.52% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded Greenlight Capital Re from a “hold” rating to a “buy” rating in a research report on Friday, November 8th.

Insider Activity

In related news, Director Ian Isaacs sold 7,159 shares of Greenlight Capital Re stock in a transaction on Friday, September 27th. The stock was sold at an average price of $13.81, for a total value of $98,865.79. Following the transaction, the director now owns 86,984 shares in the company, valued at approximately $1,201,249.04. This trade represents a 7.60 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 22.79% of the company’s stock.

Greenlight Capital Re Price Performance

Greenlight Capital Re stock opened at $14.87 on Thursday. Greenlight Capital Re, Ltd. has a 52 week low of $10.80 and a 52 week high of $15.82. The firm has a market capitalization of $517.92 million, a PE ratio of 5.90 and a beta of 0.88. The company has a quick ratio of 3.02, a current ratio of 3.02 and a debt-to-equity ratio of 0.09. The firm’s 50-day simple moving average is $14.26 and its 200 day simple moving average is $13.60.

Greenlight Capital Re (NASDAQ:GLRE) last posted its quarterly earnings data on Monday, November 4th. The financial services provider reported $1.01 EPS for the quarter, topping analysts’ consensus estimates of $0.65 by $0.36. The firm had revenue of $188.01 million during the quarter. Greenlight Capital Re had a return on equity of 13.95% and a net margin of 12.38%. During the same quarter in the prior year, the business posted $0.39 EPS.

Greenlight Capital Re 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.