JPMorgan Chase & Co. cut its holdings in Greenlight Capital Re, Ltd. (NASDAQ:GLRE) by 4.9% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 410,591 shares of the financial services provider’s stock after selling 21,172 shares during the period. JPMorgan Chase & Co.’s holdings in Greenlight Capital Re were worth $4,463,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Legal & General Group Plc boosted its holdings in Greenlight Capital Re by 25.8% in the 4th quarter. Legal & General Group Plc now owns 5,436 shares of the financial services provider’s stock worth $47,000 after buying an additional 1,114 shares during the period. Moon Capital Management LLC boosted its holdings in Greenlight Capital Re by 1.9% in the 1st quarter. Moon Capital Management LLC now owns 70,205 shares of the financial services provider’s stock worth $763,000 after buying an additional 1,330 shares during the period. Bank of Montreal Can boosted its holdings in Greenlight Capital Re by 205.4% in the 4th quarter. Bank of Montreal Can now owns 3,341 shares of the financial services provider’s stock worth $28,000 after buying an additional 2,247 shares during the period. Quantamental Technologies LLC bought a new position in Greenlight Capital Re in the 1st quarter worth approximately $32,000. Finally, BNP Paribas Arbitrage SA boosted its holdings in Greenlight Capital Re by 249.0% in the 1st quarter. BNP Paribas Arbitrage SA now owns 6,672 shares of the financial services provider’s stock worth $73,000 after buying an additional 4,760 shares during the period. 48.51% of the stock is owned by institutional investors.

GLRE opened at $8.84 on Friday. Greenlight Capital Re, Ltd. has a 12 month low of $8.34 and a 12 month high of $15.45. The company has a current ratio of 2.86, a quick ratio of 2.86 and a debt-to-equity ratio of 0.19.

Greenlight Capital Re (NASDAQ:GLRE) last released its quarterly earnings data on Monday, May 6th. The financial services provider reported $0.16 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.80 by ($0.64). Greenlight Capital Re had a negative return on equity of 36.91% and a negative net margin of 58.95%. The business had revenue of $128.00 million during the quarter.

Separately, BidaskClub raised shares of Greenlight Capital Re from a “sell” rating to a “hold” rating in a report on Wednesday, March 27th.

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About Greenlight Capital Re

Greenlight Capital Re, Ltd., through its subsidiaries, operates as a property and casualty reinsurer worldwide. The company offers various property reinsurance products and services, including automobile physical damage; personal lines, such as homeowners' insurance; 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, mortgage insurance, surety, trade credit, marine, aviation, energy, cyber, and terrorism products.

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Want to see what other hedge funds are holding GLRE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Greenlight Capital Re, Ltd. (NASDAQ:GLRE).

Institutional Ownership by Quarter for Greenlight Capital Re (NASDAQ:GLRE)

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