Greenlight Capital Re, Ltd. (NASDAQ:GLRE) has received an average broker rating score of 1.00 (Strong Buy) from the two brokers that cover the stock, Zacks Investment Research reports. Two equities research analysts have rated the stock with a strong buy rating.

Brokers have set a one year consensus price objective of $25.00 for the company and are anticipating that the company will post $0.20 EPS for the current quarter, according to Zacks. Zacks has also given Greenlight Capital Re an industry rank of 179 out of 257 based on the ratings given to related companies.

Several equities research analysts have recently commented on the stock. BidaskClub cut shares of Greenlight Capital Re from a “hold” rating to a “sell” rating in a research report on Thursday, August 9th. ValuEngine upgraded shares of Greenlight Capital Re from a “sell” rating to a “hold” rating in a research report on Wednesday, September 19th.

Shares of NASDAQ:GLRE traded up $0.21 during trading on Monday, hitting $10.75. 195,500 shares of the company’s stock were exchanged, compared to its average volume of 279,138. Greenlight Capital Re has a 1-year low of $10.38 and a 1-year high of $22.75. The company has a debt-to-equity ratio of 0.36, a current ratio of 2.82 and a quick ratio of 2.82. The stock has a market cap of $383.50 million, a price-to-earnings ratio of -8.64 and a beta of 0.75.

Greenlight Capital Re (NASDAQ:GLRE) last issued its quarterly earnings results on Monday, November 5th. The financial services provider reported ($2.20) EPS for the quarter, topping the consensus estimate of ($2.54) by $0.34. Greenlight Capital Re had a negative net margin of 125.14% and a negative return on equity of 44.40%. The company had revenue of $42.57 million during the quarter, compared to analysts’ expectations of $68.40 million. Equities research analysts anticipate that Greenlight Capital Re will post -7.3 earnings per share for the current year.

Large investors have recently modified their holdings of the company. JPMorgan Chase & Co. grew its position in shares of Greenlight Capital Re by 83.5% during the 1st quarter. JPMorgan Chase & Co. now owns 11,921 shares of the financial services provider’s stock worth $191,000 after buying an additional 5,423 shares during the period. Public Employees Retirement Association of Colorado grew its holdings in Greenlight Capital Re by 132.6% during the third quarter. Public Employees Retirement Association of Colorado now owns 15,757 shares of the financial services provider’s stock valued at $195,000 after purchasing an additional 8,983 shares during the period. Legal & General Group Plc grew its holdings in Greenlight Capital Re by 58.7% during the first quarter. Legal & General Group Plc now owns 15,918 shares of the financial services provider’s stock valued at $255,000 after purchasing an additional 5,885 shares during the period. Aperio Group LLC grew its holdings in Greenlight Capital Re by 53.9% during the second quarter. Aperio Group LLC now owns 23,317 shares of the financial services provider’s stock valued at $331,000 after purchasing an additional 8,170 shares during the period. Finally, Engineers Gate Manager LP acquired a new position in Greenlight Capital Re during the second quarter valued at approximately $356,000. Institutional investors own 49.17% of the company’s stock.

Greenlight Capital Re Company Profile

Greenlight Capital Re, Ltd., through its subsidiaries, engages in the provision of property and casualty reinsurance products and services worldwide. Its frequency business comprises contracts containing small losses emanating from multiple events and enables the clients to increase their underwriting capacity; and severity business includes contracts with the potential for significant losses emanating from one event or various events.

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