Greenlight Reinsurance (NASDAQ:GLRE) was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating in a report issued on Friday.

A number of other research firms have also issued reports on GLRE. Zacks Investment Research lowered Greenlight Reinsurance from a “buy” rating to a “hold” rating in a research note on Tuesday, September 5th. ValuEngine lowered Greenlight Reinsurance from a “hold” rating to a “sell” rating in a research note on Saturday, December 9th. Finally, TheStreet upgraded Greenlight Reinsurance from a “c” rating to a “b-” rating in a research note on Wednesday, November 1st.

Shares of Greenlight Reinsurance (NASDAQ:GLRE) opened at $20.25 on Friday. Greenlight Reinsurance has a 12 month low of $19.70 and a 12 month high of $24.10. The stock has a market capitalization of $780.55, a PE ratio of 19.00 and a beta of 0.77.

Greenlight Reinsurance (NASDAQ:GLRE) last posted its earnings results on Monday, October 30th. The financial services provider reported $0.53 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.79 by ($0.26). Greenlight Reinsurance had a net margin of 5.91% and a return on equity of 4.74%. The company had revenue of $236.15 million during the quarter, compared to analyst estimates of $200.80 million. research analysts expect that Greenlight Reinsurance will post -0.95 earnings per share for the current fiscal year.

Hedge funds have recently bought and sold shares of the company. Dimensional Fund Advisors LP grew its stake in Greenlight Reinsurance by 8.1% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,937,805 shares of the financial services provider’s stock valued at $40,500,000 after purchasing an additional 145,473 shares in the last quarter. Vanguard Group Inc. grew its stake in Greenlight Reinsurance by 3.0% during the 2nd quarter. Vanguard Group Inc. now owns 2,513,766 shares of the financial services provider’s stock valued at $52,538,000 after purchasing an additional 73,367 shares in the last quarter. Systematic Financial Management LP acquired a new stake in Greenlight Reinsurance during the 2nd quarter valued at approximately $1,434,000. Wells Fargo & Company MN grew its stake in Greenlight Reinsurance by 38.3% during the 3rd quarter. Wells Fargo & Company MN now owns 132,027 shares of the financial services provider’s stock valued at $2,858,000 after purchasing an additional 36,547 shares in the last quarter. Finally, Bessemer Group Inc. acquired a new stake in Greenlight Reinsurance during the 3rd quarter valued at approximately $641,000. Institutional investors and hedge funds own 46.96% of the company’s stock.

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Greenlight Reinsurance Company Profile

Greenlight Capital Re, Ltd. is a holding company. The Company analyzes its underwriting operations using two categories: frequency business, which is characterized as contracts containing a number of small losses emanating from multiple events, and severity business, which is characterized as contracts with the potential for significant losses emanating from one event or multiple events.

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