CWA Asset Management Group LLC Makes New Investment in Greenlight Capital Re, Ltd. (NASDAQ:GLRE)

CWA Asset Management Group LLC bought a new stake in Greenlight Capital Re, Ltd. (NASDAQ:GLRE) in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 364,269 shares of the financial services provider’s stock, valued at approximately $4,972,000.

Several other institutional investors also recently made changes to their positions in the stock. Private Management Group Inc. grew its holdings in shares of Greenlight Capital Re by 69.0% in the 1st quarter. Private Management Group Inc. now owns 452,313 shares of the financial services provider’s stock worth $5,640,000 after acquiring an additional 184,620 shares during the period. Vanguard Group Inc. boosted its position in shares of Greenlight Capital Re by 0.6% in the 1st quarter. Vanguard Group Inc. now owns 1,343,464 shares of the financial services provider’s stock worth $16,753,000 after buying an additional 8,489 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in Greenlight Capital Re by 2.4% during 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 acquiring an additional 48,317 shares in the last quarter. Bank of Montreal Can acquired a new stake in shares of Greenlight Capital Re in the second quarter valued at approximately $894,000. Finally, BNP Paribas Financial Markets increased its stake in shares of Greenlight Capital Re by 2.9% during the 1st quarter. BNP Paribas Financial Markets now owns 51,052 shares of the financial services provider’s stock worth $637,000 after purchasing an additional 1,418 shares in the last quarter. 41.52% of the stock is currently owned by hedge funds and other institutional investors.

Greenlight Capital Re Stock Down 0.1 %

Shares of Greenlight Capital Re stock opened at $14.76 on Friday. The stock has a market cap of $521.32 million, a price-to-earnings ratio of 5.86 and a beta of 0.85. The company has a fifty day moving average price of $13.80 and a 200 day moving average price of $13.27. The company has a current ratio of 3.02, a quick ratio of 3.00 and a debt-to-equity ratio of 0.09. Greenlight Capital Re, Ltd. has a twelve month low of $10.49 and a twelve month high of $15.82.

Greenlight Capital Re (NASDAQ:GLRE) last announced its earnings results on Monday, November 4th. The financial services provider reported $1.01 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.65 by $0.36. Greenlight Capital Re had a return on equity of 13.95% and a net margin of 12.38%. The company had revenue of $188.01 million for the quarter. During the same period in the previous year, the company earned $0.39 earnings per share.

Insider Transactions at Greenlight Capital Re

In related news, Director Ian Isaacs sold 7,159 shares of the company’s stock in a transaction on Friday, September 27th. The stock was sold at an average price of $13.81, for a total transaction of $98,865.79. Following the completion of the transaction, the director now directly owns 86,984 shares in the company, valued at $1,201,249.04. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 22.79% of the company’s stock.

Wall Street Analysts Forecast Growth

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

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.