Greenlight Capital Re (NASDAQ:GLRE) Stock Rating Upgraded by BidaskClub

BidaskClub upgraded shares of Greenlight Capital Re (NASDAQ:GLRE) from a strong sell rating to a sell rating in a research report report published on Tuesday morning, BidAskClub reports.

Separately, ValuEngine cut shares of Zumiez from a hold rating to a sell rating in a research report on Tuesday, July 2nd.

Shares of NASDAQ GLRE opened at $8.55 on Tuesday. The firm has a 50-day simple moving average of $9.10. The company has a quick ratio of 2.86, a current ratio of 2.86 and a debt-to-equity ratio of 0.19. Greenlight Capital Re has a 52 week low of $8.24 and a 52 week high of $15.45.

Greenlight Capital Re (NASDAQ:GLRE) last issued its earnings results on Monday, May 6th. The financial services provider reported $0.16 EPS for the quarter, missing the Zacks’ consensus estimate of $0.80 by ($0.64). The business had revenue of $128.00 million during the quarter. Greenlight Capital Re had a negative net margin of 58.95% and a negative return on equity of 36.91%.

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Investec Asset Management LTD grew its holdings in shares of Greenlight Capital Re by 6.7% in the first quarter. Investec Asset Management LTD now owns 678,723 shares of the financial services provider’s stock valued at $7,378,000 after purchasing an additional 42,790 shares during the period. River & Mercantile Asset Management LLP grew its holdings in shares of Greenlight Capital Re by 58.7% in the fourth quarter. River & Mercantile Asset Management LLP now owns 583,312 shares of the financial services provider’s stock valued at $5,025,000 after purchasing an additional 215,822 shares during the period. Brandywine Global Investment Management LLC grew its holdings in shares of Greenlight Capital Re by 158.9% in the fourth quarter. Brandywine Global Investment Management LLC now owns 425,419 shares of the financial services provider’s stock valued at $3,668,000 after purchasing an additional 261,083 shares during the period. Geode Capital Management LLC grew its holdings in shares of Greenlight Capital Re by 5.7% in the fourth quarter. Geode Capital Management LLC now owns 317,804 shares of the financial services provider’s stock valued at $2,739,000 after purchasing an additional 17,033 shares during the period. Finally, Freestone Capital Holdings LLC purchased a new stake in shares of Greenlight Capital Re in the first quarter valued at about $2,644,000. 48.31% of the stock is owned by hedge funds and other institutional investors.

About Greenlight Capital Re

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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