Caz Investments LP Has $418,000 Stock Holdings in Greenlight Capital Re, Ltd. (NASDAQ:GLRE)

Caz Investments LP lifted its holdings in shares of Greenlight Capital Re, Ltd. (NASDAQ:GLRE) by 40.0% in the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 31,500 shares of the financial services provider’s stock after buying an additional 9,000 shares during the period. Greenlight Capital Re comprises about 0.3% of Caz Investments LP’s portfolio, making the stock its 11th biggest holding. Caz Investments LP’s holdings in Greenlight Capital Re were worth $418,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Ridgewood Investments LLC acquired a new position in shares of Greenlight Capital Re during the second quarter worth $37,000. CWM LLC grew its position 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 acquiring an additional 1,005 shares during the last quarter. Bfsg LLC increased its holdings in Greenlight Capital Re by 25.8% in the 3rd quarter. Bfsg LLC now owns 6,535 shares of the financial services provider’s stock worth $89,000 after purchasing an additional 1,340 shares in the last quarter. SG Americas Securities LLC bought a new position in Greenlight Capital Re in the third quarter valued at about $133,000. Finally, Vanguard Personalized Indexing Management LLC acquired a new stake in shares of Greenlight Capital Re during the second quarter valued at about $138,000. 41.52% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, Director Ian Isaacs sold 7,159 shares of the company’s stock in a transaction dated Friday, September 27th. The shares were sold at an average price of $13.81, for a total transaction of $98,865.79. Following 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 22.79% of the stock is owned by insiders.

Greenlight Capital Re Trading Down 0.3 %

Shares of NASDAQ GLRE opened at $15.03 on Wednesday. The stock has a market cap of $523.49 million, a P/E ratio of 5.96 and a beta of 0.85. The company has a debt-to-equity ratio of 0.09, a quick ratio of 3.02 and a current ratio of 3.02. Greenlight Capital Re, Ltd. has a 52-week low of $10.80 and a 52-week high of $15.82. The firm has a 50 day moving average price of $14.02 and a two-hundred day moving average price of $13.47.

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

Analyst Ratings Changes

Separately, StockNews.com upgraded shares of Greenlight Capital Re from a “hold” rating to a “buy” rating in a report on Friday, November 8th.

Greenlight Capital Re Company 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.