JPMorgan Chase & Co. grew its position in shares of Greenlight Capital Re, Ltd. (NASDAQ:GLRE – Free Report) by 288.2% during the third quarter, Holdings Channel reports. The firm owned 48,646 shares of the financial services provider’s stock after acquiring an additional 36,116 shares during the quarter. JPMorgan Chase & Co.’s holdings in Greenlight Capital Re were worth $664,000 at the end of the most recent quarter.
A number of other large investors also recently added to or reduced their stakes in GLRE. Dimensional Fund Advisors LP increased its position in shares of Greenlight Capital Re by 2.4% during the second quarter. Dimensional Fund Advisors LP now owns 2,040,466 shares of the financial services provider’s stock worth $26,730,000 after acquiring an additional 48,317 shares during the period. Vanguard Personalized Indexing Management LLC purchased a new position in Greenlight Capital Re in the second quarter valued at $138,000. Bank of Montreal Can purchased a new position in Greenlight Capital Re in the second quarter valued at $894,000. AQR Capital Management LLC increased its holdings in Greenlight Capital Re by 48.1% in the second quarter. AQR Capital Management LLC now owns 25,399 shares of the financial services provider’s stock valued at $333,000 after buying an additional 8,246 shares during the last quarter. Finally, SG Americas Securities LLC purchased a new position in Greenlight Capital Re in the third quarter valued at $133,000. 41.52% of the stock is currently owned by institutional investors and hedge funds.
Greenlight Capital Re Stock Performance
NASDAQ GLRE opened at $13.74 on Tuesday. The company has a debt-to-equity ratio of 0.09, a current ratio of 3.02 and a quick ratio of 3.02. Greenlight Capital Re, Ltd. has a 1 year low of $11.08 and a 1 year high of $15.82. The company has a market capitalization of $478.56 million, a PE ratio of 5.45 and a beta of 0.89. The company has a fifty day moving average of $14.30 and a two-hundred day moving average of $13.85.
Analyst Upgrades and Downgrades
Separately, StockNews.com lowered Greenlight Capital Re from a “buy” rating to a “hold” rating in a report on Thursday, January 23rd.
Check Out Our Latest Analysis on Greenlight Capital Re
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.
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