Greenlight Capital Re Ltd. (NASDAQ:GLRE) was upgraded by stock analysts at TheStreet from a “sell” rating to a “hold” rating in a research report issued on Thursday.

Separately, Zacks Investment Research upgraded Greenlight Capital Re from a “strong sell” rating to a “hold” rating in a report on Tuesday, September 13th.

Shares of Greenlight Capital Re (NASDAQ:GLRE) opened at 22.70 on Thursday. The firm’s market cap is $848.21 million. Greenlight Capital Re has a 52-week low of $16.05 and a 52-week high of $22.95. The company has a 50 day moving average price of $20.39 and a 200-day moving average price of $20.39.

In other Greenlight Capital Re news, Director Ian Isaacs sold 12,000 shares of the company’s stock in a transaction on Wednesday, September 7th. The shares were sold at an average price of $21.45, for a total transaction of $257,400.00. Following the sale, the director now owns 42,830 shares of the company’s stock, valued at $918,703.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Leonard R. Goldberg sold 5,695 shares of the company’s stock in a transaction on Wednesday, August 24th. The shares were sold at an average price of $21.00, for a total transaction of $119,595.00. Following the sale, the director now directly owns 168,361 shares in the company, valued at approximately $3,535,581. The disclosure for this sale can be found here. Company insiders own 22.08% of the company’s stock.

A number of hedge funds have recently modified their holdings of GLRE. BBR Partners LLC boosted its stake in shares of Greenlight Capital Re by 108.0% in the second quarter. BBR Partners LLC now owns 721,285 shares of the company’s stock worth $14,541,000 after buying an additional 374,492 shares during the period. Dimensional Fund Advisors LP boosted its stake in shares of Greenlight Capital Re by 8.3% in the second quarter. Dimensional Fund Advisors LP now owns 1,478,950 shares of the company’s stock worth $29,815,000 after buying an additional 113,675 shares during the period. Morgan Stanley boosted its stake in shares of Greenlight Capital Re by 18.1% in the third quarter. Morgan Stanley now owns 694,466 shares of the company’s stock worth $14,195,000 after buying an additional 106,562 shares during the period. Weatherbie Capital LLC boosted its stake in shares of Greenlight Capital Re by 14.9% in the second quarter. Weatherbie Capital LLC now owns 627,419 shares of the company’s stock worth $12,649,000 after buying an additional 81,227 shares during the period. Finally, Vanguard Group Inc. boosted its stake in shares of Greenlight Capital Re by 4.0% in the second quarter. Vanguard Group Inc. now owns 2,117,881 shares of the company’s stock worth $42,696,000 after buying an additional 80,626 shares during the period. 42.86% of the stock is currently owned by institutional investors and hedge funds.

About Greenlight Capital Re

Greenlight Capital Re, Ltd. is a property and casualty reinsurance holding company. The Company operates through property and casualty reinsurance segment. Its underwriting operations are classified into 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 losses emanating from one event or multiple events.

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