Greenlight Capital Re, Ltd. (GLRE) Shares Bought by Wells Fargo & Company MN

Wells Fargo & Company MN boosted its stake in shares of Greenlight Capital Re, Ltd. (NASDAQ:GLRE) by 38.3% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 132,027 shares of the financial services provider’s stock after acquiring an additional 36,547 shares during the period. Wells Fargo & Company MN owned about 0.35% of Greenlight Capital Re worth $2,858,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. SG Americas Securities LLC acquired a new position in Greenlight Capital Re during the second quarter worth $113,000. Stevens Capital Management LP acquired a new position in Greenlight Capital Re during the third quarter worth $270,000. Advisory Services Network LLC raised its position in shares of Greenlight Capital Re by 22.1% in the second quarter. Advisory Services Network LLC now owns 13,113 shares of the financial services provider’s stock valued at $274,000 after buying an additional 2,370 shares during the last quarter. Voya Investment Management LLC raised its position in shares of Greenlight Capital Re by 12.9% in the second quarter. Voya Investment Management LLC now owns 15,340 shares of the financial services provider’s stock valued at $321,000 after buying an additional 1,752 shares during the last quarter. Finally, Russell Investments Group Ltd. raised its position in shares of Greenlight Capital Re by 86.3% in the third quarter. Russell Investments Group Ltd. now owns 17,181 shares of the financial services provider’s stock valued at $372,000 after buying an additional 7,959 shares during the last quarter. Institutional investors own 46.96% of the company’s stock.

A number of brokerages have recently commented on GLRE. BidaskClub cut shares of Greenlight Capital Re from a “hold” rating to a “sell” rating in a research report on Thursday. ValuEngine cut shares of Greenlight Capital Re from a “hold” rating to a “sell” rating in a research report on Saturday, December 9th. Zacks Investment Research upgraded shares of Greenlight Capital Re from a “hold” rating to a “buy” rating and set a $24.00 target price for the company in a research report on Tuesday, November 28th. Finally, TheStreet upgraded shares of Greenlight Capital Re from a “c” rating to a “b-” rating in a research report on Wednesday, November 1st.

Shares of Greenlight Capital Re, Ltd. (NASDAQ:GLRE) opened at $20.55 on Friday. The company has a market cap of $765.65, a PE ratio of 19.21 and a beta of 0.77. Greenlight Capital Re, Ltd. has a 12-month low of $19.70 and a 12-month high of $23.75.

Greenlight Capital Re (NASDAQ:GLRE) last issued its earnings results on Monday, October 30th. The financial services provider reported $0.53 EPS for the quarter, missing the Zacks’ consensus estimate of $0.79 by ($0.26). The business had revenue of $236.15 million during the quarter, compared to analyst estimates of $200.80 million. Greenlight Capital Re had a net margin of 5.91% and a return on equity of 4.74%. research analysts expect that Greenlight Capital Re, Ltd. will post -0.75 EPS for the current fiscal year.

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About Greenlight Capital Re

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.

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

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