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.
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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.
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