Harbor Advisors LLC maintained its stake in shares of Greenlight Reinsurance, Ltd. (NASDAQ:GLRE) during the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 25,000 shares of the financial services provider’s stock at the end of the 2nd quarter. Harbor Advisors LLC owned 0.07% of Greenlight Reinsurance worth $523,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Usca Ria LLC raised its holdings in shares of Greenlight Reinsurance by 1.0% in the 2nd quarter. Usca Ria LLC now owns 24,850 shares of the financial services provider’s stock valued at $519,000 after purchasing an additional 250 shares in the last quarter. Schwab Charles Investment Management Inc. lifted its position in shares of Greenlight Reinsurance by 0.6% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 117,135 shares of the financial services provider’s stock worth $2,449,000 after purchasing an additional 665 shares during the last quarter. Parametric Portfolio Associates LLC lifted its position in shares of Greenlight Reinsurance by 5.4% during the 1st quarter. Parametric Portfolio Associates LLC now owns 13,764 shares of the financial services provider’s stock worth $304,000 after purchasing an additional 699 shares during the last quarter. Goldman Sachs Group Inc. lifted its position in shares of Greenlight Reinsurance by 1.1% during the 2nd quarter. Goldman Sachs Group Inc. now owns 94,232 shares of the financial services provider’s stock worth $1,969,000 after purchasing an additional 998 shares during the last quarter. Finally, Rhumbline Advisers lifted its position in shares of Greenlight Reinsurance by 3.3% during the 2nd quarter. Rhumbline Advisers now owns 35,787 shares of the financial services provider’s stock worth $748,000 after purchasing an additional 1,133 shares during the last quarter. Institutional investors own 45.43% of the company’s stock.

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In other Greenlight Reinsurance news, Director Leonard R. Goldberg sold 1,754 shares of the firm’s stock in a transaction that occurred on Tuesday, August 15th. The stock was sold at an average price of $22.76, for a total transaction of $39,921.04. Following the completion of the sale, the director now owns 170,021 shares in the company, valued at approximately $3,869,677.96. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Leonard R. Goldberg sold 1,659 shares of the firm’s stock in a transaction that occurred on Wednesday, August 2nd. The shares were sold at an average price of $22.75, for a total value of $37,742.25. Following the sale, the director now owns 170,021 shares of the company’s stock, valued at approximately $3,867,977.75. The disclosure for this sale can be found here. In the last quarter, insiders sold 6,468 shares of company stock worth $147,928. Insiders own 21.81% of the company’s stock.

Greenlight Reinsurance, Ltd. (NASDAQ:GLRE) traded up 0.22% during midday trading on Wednesday, reaching $22.45. The company had a trading volume of 17,339 shares. The firm has a market capitalization of $838.31 million, a PE ratio of 16.09 and a beta of 0.74. The firm’s 50-day moving average price is $21.58 and its 200 day moving average price is $21.28. Greenlight Reinsurance, Ltd. has a 12 month low of $19.25 and a 12 month high of $24.10.

Greenlight Reinsurance (NASDAQ:GLRE) last announced its earnings results on Monday, July 31st. The financial services provider reported ($0.96) earnings per share for the quarter, beating the consensus estimate of ($1.00) by $0.04. Greenlight Reinsurance had a return on equity of 5.96% and a net margin of 8.42%. The company had revenue of $121.48 million during the quarter, compared to the consensus estimate of $139.90 million. Equities analysts anticipate that Greenlight Reinsurance, Ltd. will post $0.68 earnings per share for the current fiscal year.

GLRE has been the subject of a number of analyst reports. ValuEngine upgraded shares of Greenlight Reinsurance from a “hold” rating to a “buy” rating in a research note on Monday, August 7th. Zacks Investment Research upgraded Greenlight Reinsurance from a “sell” rating to a “buy” rating and set a $25.00 price target on the stock in a research note on Friday, August 4th. Finally, BidaskClub raised Greenlight Reinsurance from a “sell” rating to a “hold” rating in a report on Wednesday, August 2nd.

Greenlight Reinsurance 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.

Institutional Ownership by Quarter for Greenlight Reinsurance (NASDAQ:GLRE)

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