Greenlight Reinsurance, Ltd. (NASDAQ:GLRE) Upgraded to Buy at ValuEngine

ValuEngine upgraded shares of Greenlight Reinsurance, Ltd. (NASDAQ:GLRE) from a hold rating to a buy rating in a report released on Friday morning.

GLRE has been the subject of a number of other reports. TheStreet cut shares of Greenlight Reinsurance from a b- rating to a c+ rating in a research report on Tuesday, May 9th. Zacks Investment Research upgraded shares of Greenlight Reinsurance from a strong sell rating to a hold rating in a research report on Wednesday, April 19th.

Shares of Greenlight Reinsurance (GLRE) remained flat at $21.10 during trading on Friday. The company’s stock had a trading volume of 31,248 shares. Greenlight Reinsurance has a one year low of $19.08 and a one year high of $24.10. The firm has a market cap of $789.94 million, a P/E ratio of 32.51 and a beta of 0.76. The stock’s 50-day moving average price is $20.39 and its 200-day moving average price is $21.94.

TRADEMARK VIOLATION NOTICE: “Greenlight Reinsurance, Ltd. (NASDAQ:GLRE) Upgraded to Buy at ValuEngine” was first posted by WKRB News and is the property of of WKRB News. If you are viewing this news story on another publication, it was stolen and reposted in violation of United States and international trademark and copyright law. The original version of this news story can be viewed at https://www.wkrb13.com/markets/2285999/greenlight-reinsurance-ltd-nasdaqglre-upgraded-to-buy-at-valuengine.html.

Several large investors have recently modified their holdings of GLRE. Karp Capital Management Corp acquired a new stake in shares of Greenlight Reinsurance during the first quarter worth approximately $213,000. UBS Asset Management Americas Inc. acquired a new stake in shares of Greenlight Reinsurance during the first quarter worth approximately $236,000. Advisory Services Network LLC acquired a new stake in shares of Greenlight Reinsurance during the first quarter worth approximately $237,000. Russell Investments Group Ltd. purchased a new stake in shares of Greenlight Reinsurance during the first quarter worth about $239,000. Finally, Parametric Portfolio Associates LLC raised its stake in shares of Greenlight Reinsurance by 5.4% in the first quarter. Parametric Portfolio Associates LLC now owns 13,764 shares of the financial services provider’s stock worth $304,000 after buying an additional 699 shares in the last quarter. Institutional investors and hedge funds own 47.80% of the company’s stock.

About Greenlight Reinsurance

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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

This story was originally published by WKRB News (https://www.wkrb13.com) and is the sole property of WKRB News. If you are reading this article on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. You can view the original version of this story at https://www.wkrb13.com/markets/2285999/greenlight-reinsurance-ltd-nasdaqglre-upgraded-to-buy-at-valuengine.html

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

 


Leave a Reply

 
© 2006-2017 WKRB News.