Shares of Greenlight Capital Re, Ltd. (NASDAQ:GLRE) saw strong trading volume on Tuesday . 927,227 shares changed hands during mid-day trading, an increase of 426% from the previous session’s volume of 176,307 shares.The stock last traded at $10.54 and had previously closed at $9.95.

Separately, BidaskClub upgraded Greenlight Capital Re from a “sell” rating to a “hold” rating in a research report on Wednesday, March 27th.

The stock has a market cap of $385.53 million, a P/E ratio of -1.08 and a beta of 1.14. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.86 and a quick ratio of 2.86.

Greenlight Capital Re (NASDAQ:GLRE) last released its quarterly earnings results on Monday, May 6th. The financial services provider reported $0.16 EPS for the quarter, missing analysts’ consensus estimates of $0.80 by ($0.64). Greenlight Capital Re had a negative net margin of 58.95% and a negative return on equity of 36.91%. The company had revenue of $128.00 million during the quarter.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Quantamental Technologies LLC bought a new stake in shares of Greenlight Capital Re in the 1st quarter valued at about $32,000. Caz Investments LP bought a new stake in shares of Greenlight Capital Re in the 1st quarter valued at about $35,000. Bank of Montreal Can grew its position in shares of Greenlight Capital Re by 205.4% in the 4th quarter. Bank of Montreal Can now owns 3,341 shares of the financial services provider’s stock valued at $28,000 after buying an additional 2,247 shares during the last quarter. Legal & General Group Plc grew its position in shares of Greenlight Capital Re by 25.8% in the 4th quarter. Legal & General Group Plc now owns 5,436 shares of the financial services provider’s stock valued at $47,000 after buying an additional 1,114 shares during the last quarter. Finally, BNP Paribas Arbitrage SA grew its position in shares of Greenlight Capital Re by 249.0% in the 1st quarter. BNP Paribas Arbitrage SA now owns 6,672 shares of the financial services provider’s stock valued at $73,000 after buying an additional 4,760 shares during the last quarter. Hedge funds and other institutional investors own 49.39% of the company’s stock.

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Greenlight Capital Re Company Profile (NASDAQ:GLRE)

Greenlight Capital Re, Ltd., through its subsidiaries, operates as a property and casualty reinsurer worldwide. The company offers various property reinsurance products and services, including automobile physical damage; personal lines, such as homeowners' insurance; 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, mortgage insurance, surety, trade credit, marine, aviation, energy, cyber, and terrorism products.

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