Q1 2018 EPS Estimates for Greenlight Capital Re, Ltd. Reduced by Langen Mcalenn (GLRE)

Greenlight Capital Re, Ltd. (NASDAQ:GLRE) – Stock analysts at Langen Mcalenn lowered their Q1 2018 EPS estimates for Greenlight Capital Re in a research report issued on Tuesday, April 3rd. Langen Mcalenn analyst R. Glasspiegel now expects that the financial services provider will earn ($4.32) per share for the quarter, down from their previous estimate of ($3.45). Langen Mcalenn also issued estimates for Greenlight Capital Re’s FY2018 earnings at ($2.61) EPS.

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A number of other equities analysts have also weighed in on GLRE. ValuEngine lowered shares of Greenlight Capital Re from a “sell” rating to a “strong sell” rating in a research report on Monday, April 2nd. BidaskClub upgraded shares of Greenlight Capital Re from a “strong sell” rating to a “sell” rating in a research report on Saturday, March 24th. Zacks Investment Research lowered shares of Greenlight Capital Re from a “hold” rating to a “strong sell” rating in a research report on Wednesday, January 3rd. TheStreet lowered shares of Greenlight Capital Re from a “b-” rating to a “c+” rating in a research report on Wednesday, February 14th. Finally, UBS reiterated a “buy” rating and issued a $25.00 price target (down from $27.00) on shares of Greenlight Capital Re in a research report on Friday, February 23rd. Three research analysts have rated the stock with a sell rating and one has assigned a buy rating to the stock. Greenlight Capital Re presently has a consensus rating of “Hold” and a consensus price target of $24.50.

GLRE opened at $15.45 on Friday. The company has a market capitalization of $584.62, a price-to-earnings ratio of -12.77 and a beta of 0.88. Greenlight Capital Re has a 1-year low of $15.10 and a 1-year high of $23.15.

Greenlight Capital Re (NASDAQ:GLRE) last posted its quarterly earnings results on Tuesday, February 20th. The financial services provider reported ($1.02) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.55) by ($0.47). The firm had revenue of $124.54 million during the quarter, compared to the consensus estimate of $157.50 million. Greenlight Capital Re had a negative return on equity of 5.14% and a negative net margin of 6.96%.

Several hedge funds have recently added to or reduced their stakes in the company. First Trust Advisors LP lifted its holdings in shares of Greenlight Capital Re by 14.0% in the fourth quarter. First Trust Advisors LP now owns 26,379 shares of the financial services provider’s stock worth $530,000 after buying an additional 3,232 shares in the last quarter. Citadel Advisors LLC lifted its holdings in shares of Greenlight Capital Re by 6.5% in the fourth quarter. Citadel Advisors LLC now owns 56,691 shares of the financial services provider’s stock worth $1,140,000 after buying an additional 3,452 shares in the last quarter. Teachers Advisors LLC lifted its holdings in shares of Greenlight Capital Re by 7.4% in the fourth quarter. Teachers Advisors LLC now owns 62,824 shares of the financial services provider’s stock worth $1,263,000 after buying an additional 4,318 shares in the last quarter. Schwab Charles Investment Management Inc. lifted its holdings in shares of Greenlight Capital Re by 4.7% in the fourth quarter. Schwab Charles Investment Management Inc. now owns 129,035 shares of the financial services provider’s stock worth $2,594,000 after buying an additional 5,772 shares in the last quarter. Finally, Wells Fargo & Company MN lifted its holdings in shares of Greenlight Capital Re by 5.0% in the fourth quarter. Wells Fargo & Company MN now owns 138,622 shares of the financial services provider’s stock worth $2,786,000 after buying an additional 6,595 shares in the last quarter. 49.29% of the stock is currently owned by hedge funds and other institutional investors.

In related news, insider Daniel Roitman bought 35,000 shares of the stock in a transaction dated Tuesday, March 6th. The shares were purchased at an average price of $16.49 per share, with a total value of $577,150.00. Following the completion of the acquisition, the insider now owns 270,117 shares of the company’s stock, valued at $4,454,229.33. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Sherry Diaz sold 1,500 shares of the business’s stock in a transaction on Thursday, November 22nd. The stock was sold at an average price of $21.65, for a total transaction of $32,475.00. Following the completion of the transaction, the insider now directly owns 32,000 shares in the company, valued at approximately $692,800. The disclosure for this sale can be found here. 21.38% of the stock is currently owned by insiders.

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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.

Earnings History and Estimates for Greenlight Capital Re (NASDAQ:GLRE)

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