Verdant Holding Company, Ltd. makes strategic investments in a select group of property and casualty insurers, and general agents.
Other large investors also recently modified their holdings of the company. Citadel Advisors LLC now owns 40,251 shares of the financial services provider's stock worth $889,000 after buying an additional 16,903 shares in the last quarter. Usca Ria LLC now owns 24,600 shares of the financial services provider's stock worth $544,000 after buying an additional 1,800 shares during the period. 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 period. Renaissance Technologies LLC boosted its stake in shares of Greenlight Reinsurance by 247.2% in the fourth quarter. Volume was up 71.09% over the stocks average daily volume. Finally, AXA purchased a new stake in shares of Greenlight Reinsurance during the first quarter worth approximately $375,000. Bank of New York Mellon Corp now owns 211,918 shares of the financial services provider's stock worth $4,684,000 after buying an additional 7,591 shares during the period. The Business's subsidiaries include Greenlight Reinsurance, Ltd., (Greenlight Re), Greenlight Reinsurance Ireland, Ltd. (GRIL) and Verdant Holding Company, Ltd.
Shares of Greenlight Reinsurance (NASDAQ:GLRE) traded down 0.328% during mid-day trading on Friday, hitting $22.825. With the last stock price close down 5.76% from the two hundred day average, compared with the S&P 500 Index which has increased 0.05% over the date range. The company has market cap of $860.73 million. The financial services provider reported ($0.96) earnings per share (EPS) for the quarter, topping the Thomson Reuters' consensus estimate of ($1.00) by $0.04. Next quarter's EPS is estimated at $0.74 and the next full year EPS is projected to be $2.78. If you are accessing this news story on another site, it was illegally stolen and reposted in violation of United States and worldwide trademark and copyright law. The correct version of this news story can be accessed at https://stocknewstimes.com/2017/08/11/greenlight-reinsurance-ltd-nasdaqglre-posts-quarterly-earnings-results-beats-expectations-by-0-04-eps-updated.html.
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GLRE has been the subject of a number of analyst reports. BidaskClub upgraded Greenlight Reinsurance from a "sell" rating to a "hold" rating in a report on Wednesday, August 2nd. TheStreet downgraded Greenlight Reinsurance from a "b-" rating to a "c+" rating in a report on Tuesday, May 9th. Finally, ValuEngine raised shares of Greenlight Reinsurance from a "hold" rating to a "buy" rating in a research note on Friday, July 7th. It is a positive indicator for investor portfolio value - when the price of a stock Investor owns goes up in value. Following the transaction, the director now directly owns 170,021 shares in the company, valued at $3,867,977.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Over the last ninety days, insiders sold 6,312 shares of company stock worth $141,396. Leonard R. Goldberg, Interim CEO let go of $10,546 worth of shares at an average price of $20.28 on Monday the 5th. Also, insider Sherry Diaz sold 3,055 shares of the firm's stock in a transaction on Wednesday, August 9th. The disclosure for this sale can be found here. As of the end of the quarter Teachers Advisors, LLC had acquired a total of 3,014 shares growing its position 5.4%.
Now we move forward to see the historical returns of Greenlight Capital Re, Ltd. (GLRE) which is Cayman Islands based stock.