Greenlight Capital Re, Ltd. (NASDAQ:GLRE) Short Interest Down 15.0% in February

Greenlight Capital Re, Ltd. (NASDAQ:GLRE) was the recipient of a large decline in short interest during the month of February. As of February 28th, there was short interest totalling 141,200 shares, a decline of 15.0% from the February 13th total of 166,200 shares. Approximately 0.5% of the shares of the stock are sold short. Based on an average daily volume of 79,800 shares, the short-interest ratio is presently 1.8 days.

Analysts Set New Price Targets

Separately, StockNews.com downgraded Greenlight Capital Re from a “buy” rating to a “hold” rating in a research report on Wednesday, March 12th.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. Dimensional Fund Advisors LP raised its holdings in Greenlight Capital Re by 0.9% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,112,254 shares of the financial services provider’s stock valued at $29,571,000 after acquiring an additional 18,533 shares during the last quarter. Private Management Group Inc. raised its holdings in Greenlight Capital Re by 17.3% in the 4th quarter. Private Management Group Inc. now owns 930,479 shares of the financial services provider’s stock valued at $13,027,000 after acquiring an additional 136,935 shares during the last quarter. Ameriprise Financial Inc. grew its stake in shares of Greenlight Capital Re by 13.3% during the 4th quarter. Ameriprise Financial Inc. now owns 622,743 shares of the financial services provider’s stock valued at $8,718,000 after buying an additional 73,317 shares during the period. State Street Corp grew its stake in shares of Greenlight Capital Re by 1.1% during the 3rd quarter. State Street Corp now owns 575,930 shares of the financial services provider’s stock valued at $7,861,000 after buying an additional 6,319 shares during the period. Finally, American Century Companies Inc. grew its stake in shares of Greenlight Capital Re by 13.6% during the 4th quarter. American Century Companies Inc. now owns 469,760 shares of the financial services provider’s stock valued at $6,577,000 after buying an additional 56,281 shares during the period. 41.52% of the stock is currently owned by institutional investors and hedge funds.

Greenlight Capital Re Trading Down 1.0 %

Shares of GLRE opened at $13.31 on Wednesday. The stock has a fifty day moving average of $13.63 and a two-hundred day moving average of $13.93. The company has a debt-to-equity ratio of 0.09, a quick ratio of 3.02 and a current ratio of 3.02. The company has a market capitalization of $463.61 million, a PE ratio of 5.28 and a beta of 0.86. Greenlight Capital Re has a fifty-two week low of $11.72 and a fifty-two week high of $15.82.

Greenlight Capital Re (NASDAQ:GLRE) last issued its quarterly earnings results on Monday, March 10th. The financial services provider reported ($0.81) earnings per share for the quarter, missing the consensus estimate of $0.59 by ($1.40). The business had revenue of $143.76 million during the quarter. Greenlight Capital Re had a net margin of 12.38% and a return on equity of 13.95%.

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.