Greenlight Capital Re (NASDAQ: GLRE) has recently received a number of price target changes and ratings updates:

  • 9/19/2018 – Greenlight Capital Re was upgraded by analysts at ValuEngine from a “sell” rating to a “hold” rating.
  • 9/18/2018 – Greenlight Capital Re was upgraded by analysts at BidaskClub from a “strong sell” rating to a “sell” rating.
  • 9/7/2018 – Greenlight Capital Re was downgraded by analysts at ValuEngine from a “hold” rating to a “sell” rating.
  • 9/5/2018 – Greenlight Capital Re was downgraded by analysts at BidaskClub from a “sell” rating to a “strong sell” rating.
  • 8/9/2018 – Greenlight Capital Re was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.
  • 8/2/2018 – Greenlight Capital Re was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating.

Shares of Greenlight Capital Re stock opened at $12.55 on Wednesday. Greenlight Capital Re, Ltd. has a 52 week low of $11.25 and a 52 week high of $23.00. The company has a market capitalization of $469.21 million, a price-to-earnings ratio of -10.37 and a beta of 0.84.

Greenlight Capital Re (NASDAQ:GLRE) last posted its earnings results on Tuesday, July 31st. The financial services provider reported ($1.01) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($1.05) by $0.04. Greenlight Capital Re had a negative return on equity of 25.61% and a negative net margin of 44.10%. The company had revenue of $88.08 million for the quarter, compared to analyst estimates of $103.40 million. equities research analysts expect that Greenlight Capital Re, Ltd. will post -6.44 EPS for the current fiscal year.

Several hedge funds have recently bought and sold shares of the company. Millennium Management LLC bought a new position in shares of Greenlight Capital Re in the second quarter valued at approximately $1,366,000. Bank of America Corp DE lifted its holdings in shares of Greenlight Capital Re by 351.2% in the second quarter. Bank of America Corp DE now owns 214,274 shares of the financial services provider’s stock valued at $3,043,000 after purchasing an additional 166,783 shares in the last quarter. Investec Asset Management LTD bought a new position in shares of Greenlight Capital Re in the second quarter valued at approximately $1,025,000. Dimensional Fund Advisors LP lifted its holdings in shares of Greenlight Capital Re by 1.7% in the second quarter. Dimensional Fund Advisors LP now owns 2,324,538 shares of the financial services provider’s stock valued at $33,008,000 after purchasing an additional 39,171 shares in the last quarter. Finally, BlackRock Inc. lifted its holdings in shares of Greenlight Capital Re by 26.6% in the second quarter. BlackRock Inc. now owns 2,513,604 shares of the financial services provider’s stock valued at $35,693,000 after purchasing an additional 527,963 shares in the last quarter. Institutional investors own 43.26% of the company’s stock.

Greenlight Capital Re, Ltd., through its subsidiaries, engages in the provision of property and casualty reinsurance products and services worldwide. Its frequency business comprises contracts containing small losses emanating from multiple events and enables the clients to increase their underwriting capacity; and severity business includes contracts with the potential for significant losses emanating from one event or various events.

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