The Greenlight Capital Re, Ltd. Expected to Post Q4 2017 Earnings of $0.64 Per Share (GLRE)

The Greenlight Capital Re, Ltd. Expected to Post Q4 2017 Earnings of $0.64 Per Share (GLRE)

Greenlight Capital Re, Ltd. (NASDAQ:GLRE) – Stock analysts at Langen Mcalenn upped their Q4 2017 earnings per share estimates for Greenlight Capital Re in a research note issued on Thursday, Zacks Investment Research reports. Langen Mcalenn analyst R. Glasspiegel now expects that the financial services provider will post earnings of $0.64 per share for the quarter, up from their prior estimate of $0.58. Langen Mcalenn also issued estimates for Greenlight Capital Re’s Q1 2018 earnings at $0.65 EPS.

A number of other research firms have also recently weighed in on GLRE. Zacks Investment Research cut Greenlight Capital Re from a “hold” rating to a “strong sell” rating in a research report on Tuesday, February 28th. TheStreet raised Greenlight Capital Re from a “c-” rating to a “b-” rating in a research report on Thursday, March 16th.

Shares of Greenlight Capital Re (NASDAQ:GLRE) traded down 0.49% on Friday, hitting $20.30. The stock had a trading volume of 27,014 shares. The firm’s 50-day moving average price is $21.49 and its 200 day moving average price is $22.27. The firm has a market cap of $759.99 million, a PE ratio of 31.28 and a beta of 0.66. Greenlight Capital Re has a 52-week low of $18.79 and a 52-week high of $24.10. Greenlight Capital Re (NASDAQ:GLRE) last announced its quarterly earnings data on Wednesday, February 22nd. The financial services provider reported $1.31 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.52 by $0.21. Greenlight Capital Re had a negative return on equity of 5.61% and a negative net margin of 10.02%. The firm had revenue of $188.74 million during the quarter, compared to analysts’ expectations of $184.60 million.

Hedge funds have recently bought and sold shares of the company. Renaissance Technologies LLC boosted its stake in Greenlight Capital Re by 247.2% in the fourth quarter. Renaissance Technologies LLC now owns 174,284 shares of the financial services provider’s stock worth $3,974,000 after buying an additional 124,084 shares during the last quarter. Fiduciary Management Inc. WI boosted its stake in Greenlight Capital Re by 3.4% in the fourth quarter. Fiduciary Management Inc. WI now owns 2,087,450 shares of the financial services provider’s stock worth $47,594,000 after buying an additional 69,510 shares during the last quarter. Trexquant Investment LP bought a new stake in Greenlight Capital Re during the fourth quarter worth $321,000. CWA Asset Management Group LLC boosted its stake in Greenlight Capital Re by 14.8% in the fourth quarter. CWA Asset Management Group LLC now owns 52,063 shares of the financial services provider’s stock worth $1,187,000 after buying an additional 6,709 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake in Greenlight Capital Re by 6.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,635,474 shares of the financial services provider’s stock worth $37,289,000 after buying an additional 105,305 shares during the last quarter. 43.47% of the stock is owned by institutional investors. Greenlight Capital Re Company Profile

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.

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