Greenlight Capital Re (NASDAQ:GLRE) Stock Rating Upgraded by StockNews.com

Posted by on Apr 12th, 2023

Greenlight Capital Re (NASDAQ:GLRE – Get Rating) was upgraded by stock analysts at StockNews.com from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Wednesday.

Separately, TheStreet upgraded Greenlight Capital Re from a “c” rating to a “b” rating in a research note on Thursday, March 30th.

Greenlight Capital Re Stock Up 3.1 %

Shares of GLRE opened at $9.83 on Wednesday. Greenlight Capital Re has a 52-week low of $6.51 and a 52-week high of $10.49. The company has a market cap of $342.48 million, a PE ratio of 17.87 and a beta of 0.96. The business has a fifty day moving average of $9.58 and a 200 day moving average of $8.61. The company has a quick ratio of 2.83, a current ratio of 2.83 and a debt-to-equity ratio of 0.16.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in GLRE. Dimensional Fund Advisors LP increased its position in shares of Greenlight Capital Re by 3.7% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,581,848 shares of the financial services provider’s stock worth $12,892,000 after purchasing an additional 56,745 shares during the last quarter. Vanguard Group Inc. boosted its holdings in Greenlight Capital Re by 3.3% during the 3rd quarter. Vanguard Group Inc. now owns 1,255,447 shares of the financial services provider’s stock valued at $9,340,000 after acquiring an additional 40,662 shares during the period. Healthcare of Ontario Pension Plan Trust Fund boosted its holdings in Greenlight Capital Re by 3.9% during the 3rd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 1,034,900 shares of the financial services provider’s stock valued at $7,700,000 after acquiring an additional 39,100 shares during the period. State Street Corp boosted its holdings in Greenlight Capital Re by 1.5% during the 2nd quarter. State Street Corp now owns 495,411 shares of the financial services provider’s stock valued at $3,830,000 after acquiring an additional 7,358 shares during the period. Finally, Geode Capital Management LLC boosted its holdings in Greenlight Capital Re by 4.9% during the 4th quarter. Geode Capital Management LLC now owns 472,188 shares of the financial services provider’s stock valued at $3,848,000 after acquiring an additional 22,037 shares during the period. 44.46% of the stock is owned by institutional investors and hedge funds.

Greenlight Capital Re Company Profile

(Get Rating)

Greenlight Capital Re Ltd. operates as a specialist property and casualty reinsurance company. It specializes in underwriting traditional property and casualty reinsurance, risk innovation, and strategic partnerships. The company was founded on July 13, 2004 and is headquartered in Camana Bay, Cayman Islands.

Recommended Stories

Receive News & Ratings for Greenlight Capital Re Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Greenlight Capital Re and related companies with MarketBeat.com's FREE daily email newsletter.