Greenlight Capital Re, Ltd. (NASDAQ:GLRE)’s share price hit a new 52-week low during mid-day trading on Thursday . The company traded as low as $10.03 and last traded at $10.13, with a volume of 11966 shares. The stock had previously closed at $10.06.

A number of equities analysts recently issued reports on the stock. BidaskClub lowered shares of Greenlight Capital Re from a “sell” rating to a “strong sell” rating in a research report on Wednesday. ValuEngine raised shares of Greenlight Capital Re from a “hold” rating to a “buy” rating in a research report on Tuesday, October 16th. Two equities research analysts have rated the stock with a sell rating and two have given a buy rating to the company’s stock. Greenlight Capital Re has an average rating of “Hold” and a consensus price target of $20.50.

The company has a current ratio of 2.82, a quick ratio of 2.82 and a debt-to-equity ratio of 0.36.

Greenlight Capital Re (NASDAQ:GLRE) last announced its quarterly earnings results on Monday, November 5th. The financial services provider reported ($2.20) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($2.54) by $0.34. The firm had revenue of $42.57 million for the quarter, compared to analyst estimates of $68.40 million. Greenlight Capital Re had a negative net margin of 125.14% and a negative return on equity of 44.40%. As a group, analysts forecast that Greenlight Capital Re, Ltd. will post -7.87 earnings per share for the current fiscal year.

A number of institutional investors have recently made changes to their positions in the business. Aperio Group LLC increased its position in shares of Greenlight Capital Re by 53.9% in the second quarter. Aperio Group LLC now owns 23,317 shares of the financial services provider’s stock worth $331,000 after purchasing an additional 8,170 shares during the period. Los Angeles Capital Management & Equity Research Inc. raised its holdings in shares of Greenlight Capital Re by 35.8% in the 2nd quarter. Los Angeles Capital Management & Equity Research Inc. now owns 89,212 shares of the financial services provider’s stock valued at $1,267,000 after acquiring an additional 23,500 shares in the last quarter. First Trust Advisors LP raised its holdings in shares of Greenlight Capital Re by 18.0% in the 2nd quarter. First Trust Advisors LP now owns 33,325 shares of the financial services provider’s stock valued at $473,000 after acquiring an additional 5,078 shares in the last quarter. IndexIQ Advisors LLC raised its holdings in shares of Greenlight Capital Re by 5.1% in the 2nd quarter. IndexIQ Advisors LLC now owns 136,286 shares of the financial services provider’s stock valued at $1,935,000 after acquiring an additional 6,661 shares in the last quarter. Finally, Engineers Gate Manager LP purchased a new stake in shares of Greenlight Capital Re in the 2nd quarter valued at about $356,000. 50.22% of the stock is currently owned by hedge funds and other institutional investors.

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About Greenlight Capital Re (NASDAQ:GLRE)

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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