Caz Investments LP Buys 9,000 Shares of Greenlight Capital Re, Ltd. (NASDAQ:GLRE)

Caz Investments LP increased its stake in shares of Greenlight Capital Re, Ltd. (NASDAQ:GLRE) by 40.0% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 31,500 shares of the financial services provider’s stock after acquiring an additional 9,000 shares during the period. Greenlight Capital Re comprises about 0.3% of Caz Investments LP’s portfolio, making the stock its 11th largest position. Caz Investments LP owned about 0.09% of Greenlight Capital Re worth $418,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. CWM LLC grew its stake in shares of Greenlight Capital Re by 37.3% during the 2nd quarter. CWM LLC now owns 3,702 shares of the financial services provider’s stock worth $48,000 after acquiring an additional 1,005 shares in the last quarter. Price T Rowe Associates Inc. MD grew its position in Greenlight Capital Re by 3.5% in the first quarter. Price T Rowe Associates Inc. MD now owns 38,958 shares of the financial services provider’s stock valued at $486,000 after purchasing an additional 1,323 shares in the last quarter. Bfsg LLC increased its stake in Greenlight Capital Re by 25.8% in the 3rd quarter. Bfsg LLC now owns 6,535 shares of the financial services provider’s stock valued at $89,000 after buying an additional 1,340 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its position in Greenlight Capital Re by 3.1% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 77,154 shares of the financial services provider’s stock worth $1,053,000 after buying an additional 2,318 shares in the last quarter. Finally, Ridgewood Investments LLC acquired a new position in shares of Greenlight Capital Re during the 2nd quarter worth about $37,000. 41.52% of the stock is owned by institutional investors.

Greenlight Capital Re Stock Down 0.3 %

NASDAQ:GLRE opened at $15.03 on Wednesday. Greenlight Capital Re, Ltd. has a twelve month low of $10.80 and a twelve month high of $15.82. The firm has a market capitalization of $523.49 million, a price-to-earnings ratio of 5.96 and a beta of 0.85. 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 stock’s 50 day moving average price is $14.02 and its two-hundred day moving average price is $13.47.

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

Wall Street Analyst Weigh In

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

Insider Buying and Selling at Greenlight Capital Re

In other Greenlight Capital Re news, Director Ian Isaacs sold 7,159 shares of Greenlight Capital Re stock in a transaction on Friday, September 27th. The shares were 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 of the company’s stock, valued at $1,201,249.04. The trade was a 7.60 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 22.79% of the company’s stock.

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.