Usca Ria LLC Trims Position in Greenlight Capital Re, Ltd. (GLRE)

Share on StockTwits

Usca Ria LLC lessened its stake in Greenlight Capital Re, Ltd. (NASDAQ:GLRE) by 27.2% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 17,950 shares of the financial services provider’s stock after selling 6,700 shares during the period. Usca Ria LLC’s holdings in Greenlight Capital Re were worth $155,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Bank of Montreal Can lifted its position in shares of Greenlight Capital Re by 205.4% in the fourth quarter. Bank of Montreal Can now owns 3,341 shares of the financial services provider’s stock worth $28,000 after purchasing an additional 2,247 shares in the last quarter. Nisa Investment Advisors LLC purchased a new stake in shares of Greenlight Capital Re in the fourth quarter worth approximately $103,000. Virtu Financial LLC purchased a new stake in shares of Greenlight Capital Re in the fourth quarter worth approximately $123,000. California Public Employees Retirement System lifted its position in shares of Greenlight Capital Re by 27.6% in the fourth quarter. California Public Employees Retirement System now owns 37,514 shares of the financial services provider’s stock worth $323,000 after purchasing an additional 8,124 shares in the last quarter. Finally, Engineers Gate Manager LP lifted its position in shares of Greenlight Capital Re by 53.6% in the third quarter. Engineers Gate Manager LP now owns 38,510 shares of the financial services provider’s stock worth $478,000 after purchasing an additional 13,431 shares in the last quarter. Hedge funds and other institutional investors own 50.39% of the company’s stock.

GLRE stock traded down $0.01 during midday trading on Thursday, hitting $10.90. 463 shares of the company traded hands, compared to its average volume of 147,958. Greenlight Capital Re, Ltd. has a twelve month low of $8.36 and a twelve month high of $16.55. The company has a quick ratio of 2.87, a current ratio of 2.87 and a debt-to-equity ratio of 0.21. The company has a market cap of $399.13 million, a PE ratio of -1.12 and a beta of 1.10.

A number of analysts have recently issued reports on GLRE shares. Zacks Investment Research raised shares of Greenlight Capital Re from a “strong sell” rating to a “hold” rating in a research report on Tuesday, January 15th. BidaskClub raised shares of Greenlight Capital Re from a “sell” rating to a “hold” rating in a research report on Friday, February 22nd. Finally, ValuEngine downgraded Greenlight Capital Re from a “buy” rating to a “hold” rating in a report on Wednesday, January 2nd.

TRADEMARK VIOLATION WARNING: “Usca Ria LLC Trims Position in Greenlight Capital Re, Ltd. (GLRE)” was published by Fairfield Current and is the sole property of of Fairfield Current. If you are accessing this article on another website, it was stolen and republished in violation of US and international trademark & copyright legislation. The correct version of this article can be read at https://www.fairfieldcurrent.com/news/2019/03/14/greenlight-capital-re-ltd-glre-stake-lowered-by-usca-ria-llc.html.

Greenlight Capital Re Profile

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.

See Also: How a Back-End Load Mutual Fund Works

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

Receive News & Ratings for Greenlight Capital Re Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Greenlight Capital Re and related companies with MarketBeat.com's FREE daily email newsletter.



Leave a Reply