Institutional Investors Lead Shift in Greenlight Capital Re LTD (NASDAQ:GLRE) Sentiment

Greenlight Capital Re, Ltd. (NASDAQ:GLRE) Logo

Sentiment for Greenlight Capital Re LTD (NASDAQ:GLRE)

Greenlight Capital Re LTD (NASDAQ:GLRE) institutional sentiment decreased to 0.95 in Q2 2018. Its down -0.31, from 1.26 in 2018Q1. The ratio dropped, as 42 funds increased or opened new stock positions, while 44 reduced and sold positions in Greenlight Capital Re LTD. The funds in our partner’s database now hold: 15.63 million shares, up from 15.50 million shares in 2018Q1. Also, the number of funds holding Greenlight Capital Re LTD in their top 10 stock positions was flat from 0 to 0 for the same number . Sold All: 19 Reduced: 25 Increased: 27 New Position: 15.

Greenlight Capital Re, Ltd., through its subsidiaries, engages in the provision of property and casualty reinsurance services and products worldwide. The company has market cap of $370.78 million. The Company’s frequency business comprises contracts containing smaller 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. It currently has negative earnings. The firm offers various property reinsurance services and products that include aviation, commercial, energy, motor physical damage, and personal; casualty reinsurance services and products, which include general, marine, motor, and professional liability; and specialty reinsurance services and products that include financial, health, and workerÂ’s compensation.

The stock increased 1.29% or $0.13 during the last trading session, reaching $10.19. About 1.33 million shares traded or 406.64% up from the average. Greenlight Capital Re, Ltd. (NASDAQ:GLRE) has declined 42.96% since December 7, 2017 and is downtrending. It has underperformed by 58.58% the S&P500.

Analysts await Greenlight Capital Re, Ltd. (NASDAQ:GLRE) to report earnings on February, 19. They expect $0.20 EPS, up 119.61 % or $1.22 from last year’s $-1.02 per share. GLRE’s profit will be $7.28 million for 12.74 P/E if the $0.20 EPS becomes a reality. After $-2.48 actual EPS reported by Greenlight Capital Re, Ltd. for the previous quarter, Wall Street now forecasts -108.06 % EPS growth.

Continental Advisors Llc holds 1.25% of its portfolio in Greenlight Capital Re, Ltd. for 352,466 shares. River & Mercantile Asset Management Llp owns 339,960 shares or 0.5% of their US portfolio. Moreover, Vnbtrust National Association has 0.42% invested in the company for 79,250 shares. The Georgia-based Southeast Asset Advisors Inc. has invested 0.17% in the stock. Pacific Ridge Capital Partners Llc, a Oregon-based fund reported 44,160 shares.

More notable recent Greenlight Capital Re, Ltd. (NASDAQ:GLRE) news were published by: Globenewswire.com which released: “Greenlight Capital Re, Ltd. Announces Proposed $100 Million Offering of Convertible Notes – GlobeNewswire” on August 02, 2018, also Seekingalpha.com with their article: “More on Greenlight Re Q2: Gross written premiums fall, combined ratio improves – Seeking Alpha” published on July 31, 2018, Globenewswire.com published: “Greenlight Re Announces 2017 Fourth Quarter and Year-End Financial Results – GlobeNewswire” on February 20, 2018. More interesting news about Greenlight Capital Re, Ltd. (NASDAQ:GLRE) were released by: Seekingalpha.com and their article: “Greenlight Capital Re’s (GLRE) CEO Simon Burton on Q1 2018 Results – Earnings Call Transcript – Seeking Alpha” published on May 01, 2018 as well as Seekingalpha.com‘s news article titled: “Tracking David Einhorn’s Portfolio – Q1 2018 Update – Seeking Alpha” with publication date: May 23, 2018.

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