Greenlight Capital Re (GLRE) Projected to Post Quarterly Earnings on Monday

Greenlight Capital Re (NASDAQ:GLRE) is projected to post its results after the market closes on Monday, March 9th. Analysts expect the company to announce earnings of $1.12 per share for the quarter.

Greenlight Capital Re Stock Performance

Shares of GLRE opened at $14.15 on Friday. The company has a quick ratio of 2.89, a current ratio of 2.89 and a debt-to-equity ratio of 0.05. Greenlight Capital Re has a 52-week low of $11.56 and a 52-week high of $15.06. The company has a 50-day simple moving average of $13.97 and a 200-day simple moving average of $13.34. The company has a market capitalization of $482.52 million, a PE ratio of -202.14 and a beta of 0.54.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Greenlight Capital Re in a report on Monday, December 29th. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock currently has an average rating of “Hold”.

Institutional Investors Weigh In On Greenlight Capital Re

A number of large investors have recently added to or reduced their stakes in the business. Quadrant Capital Group LLC increased its position in Greenlight Capital Re by 7,213.6% during the fourth quarter. Quadrant Capital Group LLC now owns 3,218 shares of the financial services provider’s stock worth $47,000 after buying an additional 3,174 shares in the last quarter. Tower Research Capital LLC TRC boosted its stake in shares of Greenlight Capital Re by 90.2% during the 2nd quarter. Tower Research Capital LLC TRC now owns 3,431 shares of the financial services provider’s stock worth $49,000 after purchasing an additional 1,627 shares during the last quarter. Russell Investments Group Ltd. grew its holdings in shares of Greenlight Capital Re by 184.6% during the third quarter. Russell Investments Group Ltd. now owns 4,238 shares of the financial services provider’s stock worth $54,000 after buying an additional 2,749 shares in the last quarter. Squarepoint Ops LLC acquired a new position in shares of Greenlight Capital Re in the third quarter valued at approximately $164,000. Finally, Oxford Asset Management LLP acquired a new position in shares of Greenlight Capital Re in the fourth quarter valued at approximately $177,000. 41.52% of the stock is owned by institutional investors and hedge funds.

About Greenlight Capital Re

Greenlight Capital Re Ltd. (NASDAQ: GLRE) is a Bermuda‐incorporated reinsurer externally managed by Greenlight Capital Re Services Ltd., a subsidiary of Greenlight Capital, Inc Since its formation in 2016 and subsequent initial public offering in 2017, the company has focused on providing customized reinsurance solutions to insurers worldwide. Greenlight Capital Re operates as an independent, publicly traded entity, leveraging the investment expertise and underwriting rigor that underpin its parent’s investment platform.

The company’s core business activities encompass both treaty and facultative reinsurance across a broad spectrum of property and casualty lines.