Greenlight Capital Re, Ltd. (GLRE) Trades at $14.68 Forming Bearish Double Bottom

June 26, 2018 - By Alex Paulin

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

During Q1 2018 the big money sentiment decreased to 1.26. That’s change of 0.14, from 2017Q4’s 1.4. 16 investors sold all, 27 reduced holdings as Greenlight Capital Re, Ltd. ratio fall. 32 rose stakes while 22 funds took stakes. Funds hold 15.50 million shares thus 4.84% less from 2017Q4’s 16.29 million shares.
Pub Employees Retirement Association Of Colorado invested in 0% or 6,774 shs. Gsa Cap Partners Ltd Liability Partnership holds 0.01% of its capital in Greenlight Capital Re, Ltd. (NASDAQ:GLRE) for 17,590 shs. Spark Investment Ltd Liability has invested 0.02% in Greenlight Capital Re, Ltd. (NASDAQ:GLRE). California Employees Retirement accumulated 30,100 shs or 0% of the stock. Barclays Public Limited Co has 10,842 shs for 0% of their capital. 1.99 million are held by Blackrock. Thompson Siegel Walmsley Ltd Company reported 0.09% of its capital in Greenlight Capital Re, Ltd. (NASDAQ:GLRE). Indexiq Advsrs Llc has 129,625 shs for 0.07% of their capital. 80,691 were accumulated by Renaissance Technologies Limited Company. Rhumbline Advisers, a Massachusetts-based fund reported 29,383 shs. Schwab Charles Invest Mngmt invested 0% of its capital in Greenlight Capital Re, Ltd. (NASDAQ:GLRE). Ameritas Investment Ptnrs holds 0% or 2,647 shs in its capital. Bessemer Gru Inc holds 0% in Greenlight Capital Re, Ltd. (NASDAQ:GLRE) or 23,800 shs. Royal Bancorporation Of Canada has invested 0% in Greenlight Capital Re, Ltd. (NASDAQ:GLRE). Hightower Advisors Limited Liability Corporation reported 0.01% in Greenlight Capital Re, Ltd. (NASDAQ:GLRE).

Greenlight Capital Re, Ltd. registered $230,797 net activity with 2 insider purchases and 3 sales since March 5, 2018. Romer Faramarz sold 6,000 shs worth $99,030. The insider Accurso Laura sold $198,120. On Friday, May 11 a trade for 45,000 shs valued at $693,827 was made by BRENDAN BARRY. Roitman Daniel bought 35,000 shs worth $577,225.

Greenlight Capital Re, Ltd. (GLRE) chart has a double bottom chart setup with $13.50 price target. That’s 8.00 % below today’s $14.68 stock price. $550.88M MC has the stock. Finviz.com reported it on Jun, 26. At $13.50 price target, the company’s valuation could be $44.07M less.

GLRE hit $14.675 during the last trading session after $0.125 change.Currently Greenlight Capital Re, Ltd. is downtrending after 25.62% change in last June 26, 2017. GLRE has also 102,836 shares volume. GLRE underperformed the S&P500 by 38.19%.

On July, 30 is awaited Greenlight Capital Re, Ltd. (NASDAQ:GLRE)’s earnings report, as reported by RTT. Analysts expect change of 126.04 % or $1.21 from previous year’s $-0.96 earnings per share compared to current’s $0.25 earnings per share. If reported the P/E will be 14.68 with $9.38M profit. After $-3.85 EPS report last quarter, Wall Street now sees -106.49 % EPS growth of Greenlight Capital Re, Ltd..

More recent Greenlight Capital Re, Ltd. (NASDAQ:GLRE) news were posted by Seekingalpha.com, Seekingalpha.com and Globenewswire.com. The first one has “Greenlight Re disputes Sunesis view it should be a PFIC” as a title and was posted on May 30, 2018. The next is “Sunesis Capital’s Mehta questions Einhorn’s Greenlight Re model” on May 29, 2018. And last was posted on June 05, 2018, called “Factors of Influence in 2018, Key Indicators and Opportunity within Southern Missouri, Marlin Business Services …”.

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