Pacific Ridge Capital Partners LLC Has $986,000 Stake in Greenlight Capital Re, Ltd. (GLRE)

Pacific Ridge Capital Partners LLC boosted its stake in Greenlight Capital Re, Ltd. (NASDAQ:GLRE) by 30.1% during the first quarter, Holdings Channel reports. The institutional investor owned 44,610 shares of the financial services provider’s stock after buying an additional 10,310 shares during the period. Pacific Ridge Capital Partners LLC owned 0.12% of Greenlight Capital Re worth $986,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of GLRE. Bank of New York Mellon Corp raised its stake in Greenlight Capital Re by 4.0% in the third quarter. Bank of New York Mellon Corp now owns 184,334 shares of the financial services provider’s stock valued at $3,768,000 after buying an additional 7,040 shares in the last quarter. Citadel Advisors LLC increased its position in shares of Greenlight Capital Re by 214.3% in the third quarter. Citadel Advisors LLC now owns 68,239 shares of the financial services provider’s stock valued at $1,395,000 after buying an additional 46,525 shares during the last quarter. Usca Ria LLC increased its position in shares of Greenlight Capital Re by 3.2% in the third quarter. Usca Ria LLC now owns 22,400 shares of the financial services provider’s stock valued at $458,000 after buying an additional 700 shares during the last quarter. Harbor Advisors LLC bought a new position in shares of Greenlight Capital Re during the fourth quarter valued at approximately $570,000. Finally, State Street Corp increased its position in shares of Greenlight Capital Re by 9.7% in the fourth quarter. State Street Corp now owns 631,636 shares of the financial services provider’s stock valued at $14,398,000 after buying an additional 55,606 shares during the last quarter. Institutional investors and hedge funds own 43.47% of the company’s stock.

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

Shares of Greenlight Capital Re, Ltd. (NASDAQ:GLRE) traded down 0.25% during trading on Friday, reaching $19.85. 146,358 shares of the company traded hands. Greenlight Capital Re, Ltd. has a 12-month low of $18.79 and a 12-month high of $24.10. The stock has a market capitalization of $743.14 million, a PE ratio of 30.59 and a beta of 0.66. The firm’s 50-day moving average is $21.22 and its 200-day moving average is $22.27.

Greenlight Capital Re (NASDAQ:GLRE) last released its quarterly earnings results on Wednesday, February 22nd. The financial services provider reported $1.31 EPS for the quarter, missing the Zacks’ consensus estimate of $1.52 by $0.21. Greenlight Capital Re had a negative return on equity of 5.61% and a negative net margin of 10.02%. The company had revenue of $188.74 million during the quarter, compared to analysts’ expectations of $184.60 million. On average, equities analysts predict that Greenlight Capital Re, Ltd. will post $2.14 earnings per share for the current fiscal year.

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Several brokerages recently commented on GLRE. Zacks Investment Research downgraded shares of Greenlight Capital Re from a “hold” rating to a “strong sell” rating in a research note on Tuesday, February 28th. TheStreet raised shares of Greenlight Capital Re from a “c-” rating to a “b-” rating in a research note on Thursday, March 16th.

Greenlight Capital Re Company Profile

Greenlight Capital Re, Ltd. is a holding company. The Company analyzes its underwriting operations using two categories: frequency business, which is characterized as contracts containing a number of small losses emanating from multiple events, and severity business, which is characterized as contracts with the potential for significant losses emanating from one event or multiple events.

5 Day Chart for NASDAQ:GLRE

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