CWA Asset Management Group LLC Acquires Stake in Greenlight Capital Re, Ltd.

CWA Asset Management Group LLC has made a significant investment in Greenlight Capital Re, Ltd. (NASDAQ:GLRE), as reported in their latest 13F filing with the Securities and Exchange Commission. The firm acquired 364,269 shares of the financial services provider, amounting to an investment of approximately $4,972,000. Following this acquisition, CWA Asset Management Group LLC holds roughly 1.03% of Greenlight Capital Re as indicated in their recent SEC filings.

Several other institutional investors and hedge funds have also revised their positions regarding Greenlight Capital Re. Private Management Group Inc. increased their stake by 69.0% in the first quarter, now owning 452,313 shares worth about $5,640,000 after adding 184,620 shares. Similarly, Vanguard Group Inc. enhanced its holdings by 0.6% during the same quarter, bringing their total to 1,343,464 shares valued at $16,753,000 after acquiring an additional 8,489 shares.

Additionally, Dimensional Fund Advisors LP increased its stake by 2.4% in the second quarter, now owning 2,040,466 shares valued at approximately $26,730,000 after purchasing 48,317 more shares. Bank of Montreal Can entered into a new position with shares valued at about $894,000 in the second quarter. BNP Paribas Financial Markets also raised its holding by 2.9% during the first quarter, now owning 51,052 shares worth $637,000 after a purchase of 1,418 shares. Overall, approximately 41.52% of Greenlight Capital Re's stock is held by institutional investors.

Analyst Ratings and Stock Performance

In a separate development, StockNews.com upgraded Greenlight Capital Re from a "hold" rating to a "buy" rating recently.

Insider Trading Activity

In related news, Director Ian Isaacs sold 7,159 shares of the company on September 27, at an average price of $13.81, amounting to a total of $98,865.79. After this transaction, the director retains ownership of 86,984 shares, estimated to be valued at $1,201,249.04, reflecting a minimal decrease in their position. The details of the transaction were filed with the Securities and Exchange Commission and can be found publicly.

Current Stock Status

As of the last trading session, shares of GLRE opened at $14.76. Greenlight Capital Re has a total market capitalization of approximately $521.32 million, a price-to-earnings ratio of 5.86, and a beta of 0.85. The company's stock experienced a 52-week low of $10.49 and a high of $15.82. Its 50-day moving average is $13.80 while the 200-day average stands at $13.27. Financial ratios indicate a quick ratio of 3.00, a current ratio of 3.02, and a debt-to-equity ratio of 0.09.

In their last earnings report on November 4, Greenlight Capital Re disclosed an earnings per share (EPS) of $1.01 for the quarter, surpassing the expected $0.65 by $0.36. The company reported revenue of $188.01 million during the same quarter, showing strong financial performance with a return on equity of 13.95% and a net margin of 12.38%. This result also reflects an increase compared to the EPS of $0.39 from the same quarter last year.

Company Overview

Greenlight Capital Re, Ltd. operates as a property and casualty reinsurance company on a global scale. It offers various property reinsurance products, including automobile damage coverage, personal and commercial lines. The company also provides casualty reinsurance covering general liability, motor liability, and professional liability, among other services.

CWA, Greenlight, Investment