BlackRock Updates Passive Stake in Greenlight Capital Re
Ticker: GLRE · Form: SC 13G/A · Filed: Feb 2, 2024 · CIK: 1385613
| Field | Detail |
|---|---|
| Company | Greenlight Capital Re, Ltd. (GLRE) |
| Form Type | SC 13G/A |
| Filed Date | Feb 2, 2024 |
| Risk Level | low |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, passive-investment, amendment, reinsurance
TL;DR
**BlackRock just updated its passive stake in Greenlight Capital Re.**
AI Summary
BlackRock Inc. filed an Amendment No. 12 to its Schedule 13G on February 2, 2024, indicating its ownership of Class A Common Stock in GREENLIGHT CAPITAL RE, LTD. as of December 31, 2023. This filing, under Rule 13d-1(b), updates BlackRock's passive investment position in the reinsurance company. For investors, this matters because BlackRock is a major institutional investor, and changes in its reported holdings can signal shifts in its investment strategy or outlook on GREENLIGHT CAPITAL RE, LTD., potentially influencing market perception and stock price.
Why It Matters
This filing shows BlackRock's continued, albeit updated, passive investment in Greenlight Capital Re, Ltd., providing transparency into a significant institutional holder's position.
Risk Assessment
Risk Level: low — This is a routine update from a passive investor and does not indicate any immediate significant risk or opportunity.
Analyst Insight
An investor should note BlackRock's continued passive interest in Greenlight Capital Re, Ltd., but this filing alone doesn't suggest a need for immediate action, as it's a routine update of a passive stake.
Key Players & Entities
- BlackRock Inc. (company) — filer of the SC 13G/A amendment
- GREENLIGHT CAPITAL RE, LTD. (company) — the subject company whose securities are being reported
- December 31, 2023 (date) — date of the event requiring the filing
- February 2, 2024 (date) — date the SC 13G/A was filed
- Amendment No: 12 (number) — the specific amendment number to the Schedule 13G
FAQ
What type of securities does BlackRock Inc. hold in GREENLIGHT CAPITAL RE, LTD.?
BlackRock Inc. holds 'Class A Common Stock' of GREENLIGHT CAPITAL RE, LTD., as stated in the 'Title of Class of Securities' section of the filing.
What is the SEDOL Number for the securities reported in this filing?
The SEDOL Number for the Class A Common Stock of GREENLIGHT CAPITAL RE, LTD. is B1XRCZ3, as specified in the filing.
When was the event that required BlackRock Inc. to file this amendment?
The 'Date of Event Which Requires Filing of this Statement' was December 31, 2023, according to the filing.
Under which rule of the Securities Exchange Act of 1934 was this Schedule 13G filed?
This Schedule 13G was filed under Rule 13d-1(b), as indicated by the checked box in the filing.
What is the Central Index Key (CIK) for GREENLIGHT CAPITAL RE, LTD.?
The Central Index Key (CIK) for GREENLIGHT CAPITAL RE, LTD. is 0001385613, as listed in the 'SUBJECT COMPANY' data section.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on February 2, 2024 regarding GREENLIGHT CAPITAL RE, LTD. (GLRE).