Greenlight Capital Re (GLRE) Reaches New 1-Year Low at $18.38

Greenlight Capital Re, Ltd. (NASDAQ:GLRE) reached a new 52-week low during trading on Thursday . The company traded as low as $18.38 and last traded at $18.42, with a volume of 101239 shares. The stock had previously closed at $18.48.

GLRE has been the topic of a number of research reports. ValuEngine cut shares of Greenlight Capital Re from a “hold” rating to a “sell” rating in a report on Saturday, December 9th. Zacks Investment Research cut shares of Greenlight Capital Re from a “buy” rating to a “hold” rating in a report on Friday, December 8th. BidaskClub cut shares of Greenlight Capital Re from a “hold” rating to a “sell” rating in a report on Thursday, January 11th. Finally, TheStreet raised shares of Greenlight Capital Re from a “c” rating to a “b-” rating in a report on Wednesday, November 1st.

The company has a market capitalization of $691.85, a price-to-earnings ratio of 16.59 and a beta of 0.73.

A number of hedge funds have recently modified their holdings of the business. Wells Fargo & Company MN raised its holdings in Greenlight Capital Re by 5.0% during the 4th quarter. Wells Fargo & Company MN now owns 138,622 shares of the financial services provider’s stock valued at $2,786,000 after acquiring an additional 6,595 shares during the period. First Trust Advisors LP grew its position in shares of Greenlight Capital Re by 14.0% during the 4th quarter. First Trust Advisors LP now owns 26,379 shares of the financial services provider’s stock valued at $530,000 after purchasing an additional 3,232 shares in the last quarter. Teacher Retirement System of Texas purchased a new position in shares of Greenlight Capital Re during the 4th quarter valued at $207,000. Wedge Capital Management L L P NC purchased a new position in shares of Greenlight Capital Re during the 4th quarter valued at $277,000. Finally, Bessemer Group Inc. grew its position in shares of Greenlight Capital Re by 36.5% during the 4th quarter. Bessemer Group Inc. now owns 40,400 shares of the financial services provider’s stock valued at $812,000 after purchasing an additional 10,800 shares in the last quarter. 47.00% of the stock is currently owned by institutional investors and hedge funds.

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Greenlight Capital Re 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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