Bfsg LLC Purchases 855 Shares of Greenlight Capital Re, Ltd. (NASDAQ:GLRE)

Bfsg LLC boosted its position in shares of Greenlight Capital Re, Ltd. (NASDAQ:GLRE) by 11.5% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 8,260 shares of the financial services provider’s stock after purchasing an additional 855 shares during the quarter. Bfsg LLC’s holdings in Greenlight Capital Re were worth $112,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of GLRE. Rhumbline Advisers boosted its position in shares of Greenlight Capital Re by 12.5% during the fourth quarter. Rhumbline Advisers now owns 47,675 shares of the financial services provider’s stock worth $667,000 after purchasing an additional 5,304 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in Greenlight Capital Re during the 4th quarter worth $367,000. Intech Investment Management LLC bought a new position in Greenlight Capital Re during the fourth quarter worth about $211,000. American Century Companies Inc. lifted its holdings in Greenlight Capital Re by 13.6% during the fourth quarter. American Century Companies Inc. now owns 469,760 shares of the financial services provider’s stock worth $6,577,000 after acquiring an additional 56,281 shares in the last quarter. Finally, JPMorgan Chase & Co. grew its stake in Greenlight Capital Re by 99.8% in the fourth quarter. JPMorgan Chase & Co. now owns 97,210 shares of the financial services provider’s stock valued at $1,361,000 after acquiring an additional 48,564 shares during the period. Institutional investors own 41.52% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Wall Street Zen raised Greenlight Capital Re from a “hold” rating to a “buy” rating in a research report on Friday, May 9th.

Insider Buying and Selling

In other Greenlight Capital Re news, COO Patrick O’brien sold 5,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 14th. The stock was sold at an average price of $13.22, for a total value of $66,100.00. Following the sale, the chief operating officer now owns 170,425 shares in the company, valued at approximately $2,253,018.50. The trade was a 2.85% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Brian Joseph Oreilly sold 8,000 shares of the firm’s stock in a transaction that occurred on Wednesday, March 26th. The stock was sold at an average price of $14.00, for a total transaction of $112,000.00. Following the transaction, the insider now directly owns 99,330 shares of the company’s stock, valued at $1,390,620. This represents a 7.45% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 20,500 shares of company stock valued at $279,200. Company insiders own 23.55% of the company’s stock.

Greenlight Capital Re Stock Performance

Shares of GLRE stock opened at $14.41 on Wednesday. The company has a debt-to-equity ratio of 0.09, a quick ratio of 2.90 and a current ratio of 2.90. Greenlight Capital Re, Ltd. has a 52 week low of $11.95 and a 52 week high of $15.82. The company’s 50 day moving average price is $13.69 and its two-hundred day moving average price is $13.74. The company has a market capitalization of $498.01 million, a P/E ratio of 11.17 and a beta of 0.67.

Greenlight Capital Re (NASDAQ:GLRE) last issued its quarterly earnings data on Wednesday, May 7th. The financial services provider reported $0.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.50 by $0.36. Greenlight Capital Re had a net margin of 6.33% and a return on equity of 6.99%. The company had revenue of $247.95 million during the quarter.

About Greenlight Capital Re

Greenlight Capital Re, Ltd., through its subsidiaries, operates as a property and casualty reinsurance company worldwide. The company offers various property reinsurance products and services, including automobile physical damage, personal lines, 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, transactional liability, mortgage insurance, surety, trade credit, marine, and energy, as well as other specialty products, such as aviation, crop, cyber, political, and terrorism products.