Greenlight Capital Re (NASDAQ:GLRE) Upgraded at BidaskClub
Separately, ValuEngine lowered shares of Zumiez from a hold rating to a sell rating in a report on Tuesday, July 2nd.
Shares of Greenlight Capital Re stock opened at $8.60 on Tuesday. Greenlight Capital Re has a 12-month low of $8.24 and a 12-month high of $15.45. The company has a debt-to-equity ratio of 0.19, a quick ratio of 2.86 and a current ratio of 2.86. The stock has a fifty day moving average price of $9.14.
A number of institutional investors have recently made changes to their positions in the business. Brandywine Global Investment Management LLC boosted its stake in shares of Greenlight Capital Re by 158.9% during the 4th quarter. Brandywine Global Investment Management LLC now owns 425,419 shares of the financial services provider’s stock valued at $3,668,000 after purchasing an additional 261,083 shares in the last quarter. Freestone Capital Holdings LLC bought a new stake in shares of Greenlight Capital Re during the 1st quarter valued at about $2,644,000. River & Mercantile Asset Management LLP boosted its stake in shares of Greenlight Capital Re by 58.7% during the 4th quarter. River & Mercantile Asset Management LLP now owns 583,312 shares of the financial services provider’s stock valued at $5,025,000 after purchasing an additional 215,822 shares in the last quarter. Moon Capital Management LLC lifted its position in Greenlight Capital Re by 96.6% during the 2nd quarter. Moon Capital Management LLC now owns 138,007 shares of the financial services provider’s stock valued at $1,172,000 after acquiring an additional 67,802 shares during the period. Finally, Investec Asset Management LTD lifted its position in Greenlight Capital Re by 6.7% during the 1st quarter. Investec Asset Management LTD now owns 678,723 shares of the financial services provider’s stock valued at $7,378,000 after acquiring an additional 42,790 shares during the period. 48.31% of the stock is currently owned by institutional investors and hedge funds.
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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