|Bid||0.00 x 800|
|Ask||0.00 x 1300|
|Day's Range||10.45 - 10.75|
|52 Week Range||8.03 - 13.23|
|Beta (3Y Monthly)||1.21|
|PE Ratio (TTM)||N/A|
|Earnings Date||Nov 4, 2019 - Nov 8, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||1.00|
Two reinsurance firms backed by prominent hedge funds are considered good investments as their share price performance has yet to benefit from the sector's improved pricing outlook, according to Barron's. Both Greenlight Capital Re and Third Point Reinsurance, linked to David Einhorn's Greenlight Capital and Dan Loeb's Third Point respectively, "trade well below book value and look appealing", the U.S. financial newspaper said. Supporting its view for Greenlight Capital Re was a possible sale of the company which could come out of an ongoing strategic review of the business, while Third Point Re "may be poised for a comeback," it said.
(Bloomberg) -- David Einhorn’s 2019 comeback lost steam in August. The main hedge fund at Greenlight Capital declined 4.9% in the month, bringing returns for the year to 15.2%.Greenlight, which focuses on value investing, is in the midst of a resurgence following a lackluster 2017 and its worst year ever in 2018, when it plunged 34%. Client redemptions left the New York-based firm, which oversaw $12 billion at its peak, with $2.5 billion at the start of this year. Einhorn has since vowed to rework his portfolio by making fewer, more-concentrated investments.The fund has gotten a lift as the U.S. stock market continued its rally, with the S&P 500 Index gaining 17% this year through Friday. General Motors Co., Greenlight’s largest U.S equity holding as of June 30, rose 11%. Green Brick Partners Inc., AerCap Holdings NV and Brighthouse Financial Inc., the firm’s next three biggest stock holdings at midyear, had gains of as much as 35%.Einhorn also has been vocal about shorting Tesla Inc., and that bet has been working too. The stock is down 32% in 2019.Not everything has gone Einhorn’s way. In a July 25 letter, Greenlight told investors that it started a “medium-sized position” in chemical maker Chemours Co. during the second quarter. The stock has fallen 41% since the end of June. The firm also disclosed small positions in Dillard’s Inc. and Scientific Games Corp, which are down 6% and 7%, respectively, in the same span.A spokesman for Greenlight didn’t immediately respond to a request for comment late Friday.\--With assistance from Simone Foxman.To contact the reporter on this story: Hema Parmar in New York at email@example.comTo contact the editors responsible for this story: Alan Mirabella at firstname.lastname@example.org, Josh Friedman, David ScheerFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
Greenlight Capital’s (GLRE) David Einhorn has called for Elon Musk to resign from Tesla (TSLA) in the wake of Walmart's solar panel fire lawsuit.
Chairman David Einhorn said a large capital raise or liquidation are unlikely options for the struggling reinsurer as it conducts a strategic review ahead of a potential downgrade by A.M. Best.
Increase in fully diluted book value per share of 3.2% and fully diluted net income per share of $0.42 for second quarter of 2019 Company to Hold Conference Call at 9:00 a.m..
Chipotle's impressive second-quarter results propelled its stock to an all-time high. The stock was up 84.2% year-to-date as of July 31.
In contrast to last year, Greenlight Capital’s performance this year has been improving. In 2018, GLRE fell 34%, vastly underperforming the markets.
Hedge fund Greenlight Capital has added new positions in Dillard's, Inc. (NYSE: DDS ), Chemours Co (NYSE: CC ) and Scientific Games Corp (NASDAQ: SGMS ), president David Einhorn said in his second-quarter ...
David Einhorn's hedge fund Greenlight Capital said on Thursday that it is betting that U.S. corporate debt, both investment grade and high yield, will fall as the country's economic recovery slows. Einhorn took the bet as analysts project corporate earnings will soften into the second half of the year. Einhorn's fund has rebounded in 2019 with a gain of 17.4% in the first half, after sinking 34% in 2018.
If you own shares in Greenlight Capital Re, Ltd. (NASDAQ:GLRE) then it's worth thinking about how it contributes to...
GRAND CAYMAN, Cayman Islands, July 24, 2019 -- Greenlight Capital Re, Ltd. (NASDAQ: GLRE), a specialist property and casualty reinsurer based in the Cayman Islands and Ireland,.
After having the worst year in 2018, David Einhorn’s Greenlight Capital (GLRE) had a promising performance in the first half of 2019.
It is no secret that David Einhorn (Trades, Portfolio)'s hedge fund Greenlight Capital has struggled in recent years. 2018 saw Greenlight post its worst performance in its 22-year history with a staggering 34% loss. Warning! GuruFocus has detected 7 Warning Signs with AMT.
Could Einhorn’s Top Positions Turn His Fund's Performance Around?(Continued from Prior Part)Short positionsIn its Q1 investor letter, Greenlight Capital (GLRE) stated that partnerships had an average exposure of 112% long and 70% short. Its major