Greenlight Capital Re, Ltd. $GLRE Shares Acquired by CWA Asset Management Group LLC

CWA Asset Management Group LLC grew its stake in shares of Greenlight Capital Re, Ltd. (NASDAQ:GLRE) by 6.9% during the 4th quarter, HoldingsChannel.com reports. The fund owned 977,105 shares of the financial services provider’s stock after purchasing an additional 62,707 shares during the quarter. CWA Asset Management Group LLC’s holdings in Greenlight Capital Re were worth $14,246,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Tower Research Capital LLC TRC grew its position in Greenlight Capital Re by 90.2% during the 2nd quarter. Tower Research Capital LLC TRC now owns 3,431 shares of the financial services provider’s stock worth $49,000 after purchasing an additional 1,627 shares during the last quarter. Russell Investments Group Ltd. lifted its stake in shares of Greenlight Capital Re by 184.6% during the third quarter. Russell Investments Group Ltd. now owns 4,238 shares of the financial services provider’s stock worth $54,000 after buying an additional 2,749 shares during the period. Financial Consulate Inc. acquired a new stake in shares of Greenlight Capital Re during the third quarter worth $124,000. Vanguard Personalized Indexing Management LLC grew its holdings in shares of Greenlight Capital Re by 12.8% during the third quarter. Vanguard Personalized Indexing Management LLC now owns 11,445 shares of the financial services provider’s stock valued at $145,000 after buying an additional 1,296 shares during the last quarter. Finally, Squarepoint Ops LLC acquired a new position in shares of Greenlight Capital Re in the 3rd quarter valued at $164,000. 41.52% of the stock is owned by hedge funds and other institutional investors.

Greenlight Capital Re Price Performance

NASDAQ:GLRE opened at $15.99 on Friday. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.84 and a quick ratio of 2.84. The company has a 50 day moving average price of $14.25 and a 200-day moving average price of $13.53. Greenlight Capital Re, Ltd. has a 1-year low of $11.56 and a 1-year high of $17.02. The firm has a market cap of $545.26 million, a price-to-earnings ratio of 7.33 and a beta of 0.54.

Greenlight Capital Re (NASDAQ:GLRE) last announced its quarterly earnings results on Monday, March 9th. The financial services provider reported $1.44 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.12 by $0.32. The firm had revenue of $210.30 million for the quarter. Greenlight Capital Re had a net margin of 10.25% and a return on equity of 11.10%.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the company. Weiss Ratings upgraded Greenlight Capital Re from a “hold (c)” rating to a “buy (b+)” rating in a research note on Tuesday. Wall Street Zen raised Greenlight Capital Re from a “hold” rating to a “strong-buy” rating in a report on Saturday, March 14th. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, Greenlight Capital Re presently has a consensus rating of “Buy”.

Greenlight Capital Re Company Profile

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.