River & Mercantile Asset Management LLP Has $4.55 Million Position in Greenlight Capital Re, Ltd. (GLRE)

River & Mercantile Asset Management LLP boosted its stake in shares of Greenlight Capital Re, Ltd. (NASDAQ:GLRE) by 8.1% in the third quarter, HoldingsChannel.com reports. The firm owned 367,490 shares of the financial services provider’s stock after purchasing an additional 27,530 shares during the quarter. River & Mercantile Asset Management LLP’s holdings in Greenlight Capital Re were worth $4,548,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently added to or reduced their stakes in the company. Public Employees Retirement Association of Colorado raised its stake in Greenlight Capital Re by 132.6% during the 3rd quarter. Public Employees Retirement Association of Colorado now owns 15,757 shares of the financial services provider’s stock valued at $195,000 after acquiring an additional 8,983 shares in the last quarter. Aperio Group LLC raised its stake in Greenlight Capital Re by 53.9% during the 2nd quarter. Aperio Group LLC now owns 23,317 shares of the financial services provider’s stock valued at $331,000 after acquiring an additional 8,170 shares in the last quarter. Engineers Gate Manager LP bought a new stake in Greenlight Capital Re during the 2nd quarter valued at $356,000. First Trust Advisors LP raised its stake in Greenlight Capital Re by 18.0% during the 2nd quarter. First Trust Advisors LP now owns 33,325 shares of the financial services provider’s stock valued at $473,000 after acquiring an additional 5,078 shares in the last quarter. Finally, Monarch Partners Asset Management LLC raised its stake in Greenlight Capital Re by 20.0% during the 3rd quarter. Monarch Partners Asset Management LLC now owns 40,580 shares of the financial services provider’s stock valued at $503,000 after acquiring an additional 6,770 shares in the last quarter. Institutional investors and hedge funds own 50.22% of the company’s stock.

Shares of Greenlight Capital Re stock opened at $10.16 on Friday. The company has a debt-to-equity ratio of 0.36, a quick ratio of 2.82 and a current ratio of 2.82. The firm has a market cap of $370.76 million, a price-to-earnings ratio of -8.40 and a beta of 0.69. Greenlight Capital Re, Ltd. has a 1-year low of $9.76 and a 1-year high of $21.45.

Greenlight Capital Re (NASDAQ:GLRE) last announced its earnings results on Monday, November 5th. The financial services provider reported ($2.20) earnings per share for the quarter, beating the consensus estimate of ($2.54) by $0.34. The firm had revenue of $42.57 million for the quarter, compared to the consensus estimate of $68.40 million. Greenlight Capital Re had a negative return on equity of 44.40% and a negative net margin of 125.14%. On average, research analysts forecast that Greenlight Capital Re, Ltd. will post -7.87 EPS for the current fiscal year.

Several analysts have weighed in on the company. BidaskClub raised Greenlight Capital Re from a “strong sell” rating to a “sell” rating in a research note on Tuesday, September 18th. ValuEngine raised Greenlight Capital Re from a “sell” rating to a “hold” rating in a research note on Wednesday, September 19th. Two equities research analysts have rated the stock with a sell rating and two have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $20.50.

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Greenlight Capital Re Company Profile

Greenlight Capital Re, Ltd., through its subsidiaries, engages in the provision of property and casualty reinsurance products and services worldwide. Its frequency business comprises contracts containing small losses emanating from multiple events and enables the clients to increase their underwriting capacity; and severity business includes contracts with the potential for significant losses emanating from one event or various events.

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

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