Is Greenlight Capital Re, Ltd. (GLRE) a Sell? The Stock Reaches 1 Year Low Today

March 20, 2018 - By reb123z

Investors sentiment increased to 1.39 in Q3 2017. Its up 0.36, from 1.03 in 2017Q2. It improved, as 7 investors sold Greenlight Capital Re, Ltd. shares while 24 reduced holdings. 18 funds opened positions while 25 raised stakes. 16.31 million shares or 3.24% more from 15.79 million shares in 2017Q2 were reported.
Thompson Siegel & Walmsley Lc owns 584,096 shares. Geode Cap Management reported 249,887 shares stake. Ameritas Inv Prns holds 2,647 shares. Sg Americas Secs Limited Com reported 0% in Greenlight Capital Re, Ltd. (NASDAQ:GLRE). Stevens Cap Mngmt Limited Partnership has invested 0.01% in Greenlight Capital Re, Ltd. (NASDAQ:GLRE). First Advisors Limited Partnership reported 23,147 shares stake. Pnc Fincl Gru reported 4,163 shares or 0% of all its holdings. Aqr Management Ltd Liability Corp owns 24,033 shares. Schwab Charles invested 0% in Greenlight Capital Re, Ltd. (NASDAQ:GLRE). Bnp Paribas Arbitrage Sa invested in 3,083 shares or 0% of the stock. First Republic Investment Mngmt has 12,350 shares. Wells Fargo And Commerce Mn holds 0% in Greenlight Capital Re, Ltd. (NASDAQ:GLRE) or 132,027 shares. Voya Investment Ltd Com holds 0% or 15,340 shares in its portfolio. Pacific Ridge Capital Prns Ltd Liability Corporation holds 0.27% or 43,620 shares in its portfolio. Alpine Woods Cap Invsts Ltd Liability Corporation has 0.02% invested in Greenlight Capital Re, Ltd. (NASDAQ:GLRE).

Since March 5, 2018, it had 1 insider purchase, and 2 selling transactions for $280,075 activity. 35,000 shares were bought by Roitman Daniel, worth $577,225. 6,000 shares were sold by Romer Faramarz, worth $99,030 on Monday, March 5.

The stock of Greenlight Capital Re, Ltd. (NASDAQ:GLRE) hit a new 52-week low and has $14.58 target or 7.00 % below today’s $15.68 share price. The 7 months bearish chart indicates high risk for the $585.58M company. The 1-year low was reported on Mar, 20 by If the $14.58 price target is reached, the company will be worth $40.99 million less.
The 52-week low event is an important milestone for every stock because it shows very negative momentum and is time when sellers come in. During such technical setups, fundamental investors usually stay away and are careful buying the stock.

The stock decreased 0.79% or $0.125 during the last trading session, reaching $15.675. About 145,321 shares traded. Greenlight Capital Re, Ltd. (NASDAQ:GLRE) has risen 0.81% since March 20, 2017 and is uptrending. It has underperformed by 15.89% the S&P500.

Analysts await Greenlight Capital Re, Ltd. (NASDAQ:GLRE) to report earnings on May, 1. They expect $-3.45 earnings per share, down 1,668.18 % or $3.67 from last year’s $0.22 per share. After $-1.02 actual earnings per share reported by Greenlight Capital Re, Ltd. for the previous quarter, Wall Street now forecasts 238.24 % negative EPS growth.

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 $585.58 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.

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