Greenlight Capital Re, Ltd. (NASDAQ:GLRE) Shares Acquired by Independent Advisor Alliance

Independent Advisor Alliance boosted its stake in Greenlight Capital Re, Ltd. (NASDAQ:GLRE) by 5.5% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 61,127 shares of the financial services provider’s stock after acquiring an additional 3,200 shares during the quarter. Independent Advisor Alliance owned 0.17% of Greenlight Capital Re worth $834,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Ridgewood Investments LLC acquired a new stake in shares of Greenlight Capital Re in the second quarter valued at about $37,000. CWM LLC increased its stake in Greenlight Capital Re by 37.3% during the 2nd quarter. CWM LLC now owns 3,702 shares of the financial services provider’s stock worth $48,000 after buying an additional 1,005 shares in the last quarter. Bfsg LLC raised its holdings in shares of Greenlight Capital Re by 25.8% during the third quarter. Bfsg LLC now owns 6,535 shares of the financial services provider’s stock valued at $89,000 after acquiring an additional 1,340 shares during the last quarter. SG Americas Securities LLC purchased a new position in shares of Greenlight Capital Re in the third quarter valued at approximately $133,000. Finally, Vanguard Personalized Indexing Management LLC acquired a new stake in shares of Greenlight Capital Re in the second quarter worth approximately $138,000. Hedge funds and other institutional investors own 41.52% of the company’s stock.

Greenlight Capital Re Stock Performance

GLRE opened at $14.93 on Thursday. Greenlight Capital Re, Ltd. has a twelve month low of $10.80 and a twelve month high of $15.82. The firm has a market capitalization of $520.01 million, a PE ratio of 5.92 and a beta of 0.85. The company has a current ratio of 3.02, a quick ratio of 3.02 and a debt-to-equity ratio of 0.09. The firm’s 50-day moving average price is $14.04 and its 200 day moving average price is $13.48.

Greenlight Capital Re (NASDAQ:GLRE) last issued its quarterly earnings data on Monday, November 4th. The financial services provider reported $1.01 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.65 by $0.36. Greenlight Capital Re had a return on equity of 13.95% and a net margin of 12.38%. The firm had revenue of $188.01 million during the quarter. During the same period in the previous year, the business posted $0.39 earnings per share.

Insiders Place Their Bets

In other Greenlight Capital Re news, Director Ian Isaacs sold 7,159 shares of the company’s stock in a transaction on Friday, September 27th. The shares were sold at an average price of $13.81, for a total transaction of $98,865.79. Following the completion of the transaction, the director now owns 86,984 shares in the company, valued at approximately $1,201,249.04. This represents a 7.60 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 22.79% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Separately, StockNews.com raised Greenlight Capital Re from a “hold” rating to a “buy” rating in a research note on Friday, November 8th.

Greenlight Capital Re Profile

Greenlight Capital Re, Ltd., through its subsidiaries, operates as a property and casualty reinsurance company worldwide. The company offers various property reinsurance products and services, including automobile physical damage, personal lines, 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, transactional liability, mortgage insurance, surety, trade credit, marine, and energy, as well as other specialty products, such as aviation, crop, cyber, political, and terrorism products.