Symons Capital Management Inc. Purchases 24,985 Shares of Greenlight Capital Re, Ltd. (NASDAQ:GLRE)

Symons Capital Management Inc. raised its position in Greenlight Capital Re, Ltd. (NASDAQ:GLRE) by 98.6% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 50,330 shares of the financial services provider’s stock after purchasing an additional 24,985 shares during the quarter. Symons Capital Management Inc. owned 0.14% of Greenlight Capital Re worth $427,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Millennium Management LLC boosted its position in shares of Greenlight Capital Re by 144.9% during the 4th quarter. Millennium Management LLC now owns 30,742 shares of the financial services provider’s stock valued at $265,000 after purchasing an additional 18,188 shares in the last quarter. BNP Paribas Arbitrage SA boosted its position in shares of Greenlight Capital Re by 249.0% during the 1st quarter. BNP Paribas Arbitrage SA now owns 6,672 shares of the financial services provider’s stock valued at $73,000 after purchasing an additional 4,760 shares in the last quarter. Quantamental Technologies LLC bought a new position in shares of Greenlight Capital Re during the 1st quarter valued at about $32,000. Freestone Capital Holdings LLC purchased a new stake in Greenlight Capital Re during the first quarter valued at about $2,644,000. Finally, Monarch Partners Asset Management LLC lifted its stake in Greenlight Capital Re by 17.8% during the first quarter. Monarch Partners Asset Management LLC now owns 57,227 shares of the financial services provider’s stock valued at $622,000 after buying an additional 8,660 shares in the last quarter. Hedge funds and other institutional investors own 47.24% of the company’s stock.

GLRE stock traded down $0.03 during mid-day trading on Friday, reaching $9.90. 139,220 shares of the stock traded hands, compared to its average volume of 300,847. The company has a debt-to-equity ratio of 0.18, a current ratio of 2.85 and a quick ratio of 2.85. Greenlight Capital Re, Ltd. has a 52-week low of $8.03 and a 52-week high of $13.23. The stock’s fifty day moving average is $9.13 and its 200-day moving average is $10.01.

Greenlight Capital Re (NASDAQ:GLRE) last posted its quarterly earnings data on Monday, August 5th. The financial services provider reported $0.42 EPS for the quarter, beating analysts’ consensus estimates of $0.40 by $0.02. Greenlight Capital Re had a negative net margin of 37.75% and a negative return on equity of 29.43%. The company had revenue of $125.94 million during the quarter.

A number of analysts have commented on the stock. ValuEngine raised shares of Greenlight Capital Re from a “buy” rating to a “strong-buy” rating in a research note on Friday, August 2nd. BidaskClub raised shares of Greenlight Capital Re from a “strong sell” rating to a “sell” rating in a research note on Friday.

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.

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

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