MARKET COMPOSITE
GLRE - Greenlight Capital Re Ltd7:59:53 PM 3/28/2024
Price
$12.46
+ 0.40 (3.36%)
Greenlight Capital is a hedge fund founded in 1996 by David Einhorn. Greenlight invests primarily in publicly traded North American corporate debt offerings and equities. Greenlight is most notable for its short selling of Lehman stock prior to Lehman Brothers' collapse in 2008 and the $11 million fine they received in January 2012 for insider trading in the UK. Einhorn remains the fund's manager. Founded in 1996 by Einhorn, with $900,000 , Greenlight had generated greater than a twenty-five percent annualized net return for its investors, but recent lackluster results have brought this to under fifteen percent It prospered in its early days by identifying weak financial firms for short selling, making significant gains from Conseco, CompuCredit, Sirrom Capital, and Resource America. It also manages a fund of funds and a private equity fund through its affiliates, Greenlight Masters and Greenlight Private Equity Partners. It also operates Greenlight Capital Re, a property/casualty reinsurer. Unlike other funds, Greenlight does not use borrowed money, or leverage. The firm does not generate large trading volumes. In June 2008 there were 25 employees, including nine analysts and one trader. It occupies a single high floor of an office building near Grand Central, in New York City.
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Stock news

    GLRE's Strategic Underwriting and Investment Approach Delivers Strong Year-End Results

    Greenlight Capital Re, Ltd. (NASDAQ:GLRE) Q4 2023 Earnings Call Transcript March 6, 2024 Greenlight Capital Re, Ltd. isn’t one of the 30 most popular stocks among hedge funds at the end of the third quarter (see the details here). Operator: Hello, and welcome to the Greenlight Capital Re Limited 2023 Fourth Quarter and Full Year […]

    Achieves Record Underwriting Income of $32.0 million for Full Year 2023GRAND CAYMAN, Cayman Islands, March 05, 2024 (GLOBE NEWSWIRE) -- Greenlight Capital Re, Ltd. (NASDAQ: GLRE) (“Greenlight Re” or the “Company”) today reported its financial results for the fourth quarter and year-ended December 31, 2023. Fourth Quarter 2023 Highlights (all comparisons are to fourth quarter 2022 unless noted otherwise): Gross premiums written decreased 11.8% to $112.3 million;Net premiums earned increased 23.4%

    GRAND CAYMAN, Cayman Islands, Feb. 27, 2024 (GLOBE NEWSWIRE) -- Greenlight Capital Re, Ltd. (NASDAQ: GLRE) (the "Company" or "Greenlight Re"), a multiline property and casualty insurer and reinsurer, today announced that it expects to release financial results for the fourth quarter and year ended December 31, 2023, after the market closes on Tuesday, March 5, 2024. A live conference call to discuss the financial results will be held on Wednesday, March 6, 2024, at 9:00 a.m. Eastern Time. Confer

    Key Insights Institutions' substantial holdings in Greenlight Capital Re implies that they have significant influence...

    A number of well-known fund managers bought shares of New York Community Bancorp in the fourth quarter of 2023, securities filings showed, before the troubled lender’s stock plummeted following an unexpected quarterly loss reported last month. The funds' positions were revealed in securities filings known as 13Fs that hedge funds and other institutional investors file at the end of each quarter. Because the filings are backward looking, it was not possible to know if the funds still held their...

    Greenlight Capital, an investment management firm, released its fourth quarter 2023 investor letter, a copy of which can be downloaded here. In 2023, the Greenlight Capital funds returned 22.1% net of fees and expenses, compared to 26.3% for the S&P 500 index. The Partnerships have returned 2,902.1% cumulatively or 13.1% annualized since Greenlight Capital’s inception in […]

    Greenlight Capital, an investment management firm, released its fourth quarter 2023 investor letter, a copy of which can be downloaded here. In 2023, the Greenlight Capital funds returned 22.1% net of fees and expenses, compared to 26.3% for the S&P 500 index. The Partnerships have returned 2,902.1% cumulatively or 13.1% annualized since Greenlight Capital’s inception in […]

    Greenlight Capital, an investment management firm, released its fourth quarter 2023 investor letter, a copy of which can be downloaded here. In 2023, the Greenlight Capital funds returned 22.1% net of fees and expenses, compared to 26.3% for the S&P 500 index. The Partnerships have returned 2,902.1% cumulatively or 13.1% annualized since Greenlight Capital’s inception in […]

    Greenlight Capital, an investment management firm, released its fourth quarter 2023 investor letter, a copy of which can be downloaded here. In 2023, the Greenlight Capital funds returned 22.1% net of fees and expenses, compared to 26.3% for the S&P 500 index. The Partnerships have returned 2,902.1% cumulatively or 13.1% annualized since Greenlight Capital’s inception in […]