( ) has been the subject of a dramatic drop in short interest during the month of march. On March 31, there were 549,200 shorted shares. This is a decrease of 8.2% compared to the total of 598,000 on March 15. Around 2.2% of shares in the company are short sold. The days-tocover ratio, based on an average trading volume (97,700 shares), is currently 5.6 days.
Greenlight Capital Re Trading down 1.6 %
The price of a share fell by $0.16 to $10.15 on Friday. The company's average trading volume is 95,448 shares. The company has a capitalization of 353.63 million dollars, a PE of 18.45, and a beta value of 0.96. The fifty-day moving average of the business is $9.66, and its 200 day moving average is $8.74. Greenlight Capital Re's 12-month low is $6.72, and its 12-month high is $10.49. The last time he released his quarterly earnings was on March 8th. The financial services provider posted $0.91 in earnings per share for the third quarter. Revenue for the quarter was $143.92 millions. Greenlight Capital Re's net margin was 4.81%, and its return on equity was 5.27%.
Analyst Upgrades and downgrades
In a research note published on Wednesday, April 12, Greenlight Capital Re shares were upgraded from a "hold" rating to a "buy". TheStreet upgraded shares of Greenlight Capital Re to a "b" rating from a "c" rating in a report published on Thursday, 30th March.
Greenlight Capital Re: Hedge Funds weigh in
Recently, several institutional investors bought and sold shares in the company. Tower Research Capital LLC TRC increased its Greenlight Capital Re holdings by 164.7% during the third quarter. Tower Research Capital LLC TRC owns 3,594 of the financial service provider's shares worth $27,000, after buying an additional 2,236 during the last quarter. Barclays PLC increased its Greenlight Capital Re holdings by 477.2% during the fourth quarter. Barclays PLC owns 7,019 of the financial services provider’s stock, worth $58,000. This is after buying an additional 5,803 during the fourth quarter. GSA Capital Partners LLP bought a new Greenlight Capital Re position worth $84,000 in the fourth quarter. Atom Investors LP bought a new Greenlight Capital Re position in the fourth-quarter worth $90,00,000. Simplex Trading LLC increased its Greenlight Capital Re holdings by 217.1% during the third quarter. Simplex Trading LLC owns now 13,114 shares worth $97,000 of the stock owned by the financial services provider after purchasing 8,979 additional shares in the last quarter. Hedge funds and institutional investors own 44.46%.
Greenlight Capital Re Company profile
Greenlight Capital Re Ltd. is a property and casualty specialist reinsurance firm. It is a specialist in traditional property and casualty insurance, risk innovation and strategic partnerships. The company was established on July 13, 2004, and has its headquarters in Camana Bay.
MarketBeat.com offers a FREE daily email newsletter