Greenlight Capital Re (NASDAQ:GLRE) Director Sells 4,054 Shares

Greenlight Capital Re, Ltd. (NASDAQ:GLRE) Director Ian Isaacs sold 4,054 shares of the firm’s stock in a transaction on Friday, August 28th. The stock was sold at an average price of $15.42, for a total value of $62,512.68. Following the completion of the sale, the director owned 20,000 shares of the company’s stock, valued at approximately $308,400. This represents a 16.85% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Ian Isaacs also recently made the following trade(s):

• On Thursday, August 27th, Ian Isaacs sold 946 shares of Greenlight Capital Re stock. The stock was sold at an average price of $15.43, for a total value of $14,596.78.
• On Thursday, June 25th, Ian Isaacs sold 4,000 shares of Greenlight Capital Re stock. The stock was sold at an average price of $16.06, for a total value of $64,240.00.
• On Wednesday, June 24th, Ian Isaacs sold 5,000 shares of Greenlight Capital Re stock. The shares were sold at an average price of $16.64, for a total transaction of $83,200.00.
• On Tuesday, June 23rd, Ian Isaacs sold 9,230 shares of Greenlight Capital Re stock. The shares were sold at an average price of $16.33, for a total value of $150,725.90.
• On Monday, June 22nd, Ian Isaacs sold 1,716 shares of Greenlight Capital Re stock. The stock was sold at an average price of $15.92, for a total transaction of $27,318.72.

Greenlight Capital Re Stock Down 0.8%

NASDAQ:GLRE traded down $0.12 during midday trading on Monday, reaching $15.25. 19,467 shares of the stock traded hands, compared to its average volume of 170,701. The stock has a market capitalization of $497.76 million, a PE ratio of 10.38 and a beta of 0.33. Greenlight Capital Re, Ltd. has a 12-month low of $11.56 and a 12-month high of $19.39. The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.43 and a current ratio of 2.43. The business has a 50-day moving average of $16.20 and a two-hundred day moving average of $16.35.

Greenlight Capital Re (NASDAQ:GLRE) last issued its quarterly earnings results on Tuesday, August 4th. The financial services provider reported ($0.89) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.35) by ($0.54). The business had revenue of $137.46 million for the quarter, compared to analyst estimates of $165.31 million. Greenlight Capital Re had a return on equity of 7.28% and a net margin of 7.47%. On average, equities analysts forecast that Greenlight Capital Re, Ltd. will post 1.25 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Greenlight Capital Re

A number of institutional investors have recently made changes to their positions in GLRE. California State Teachers Retirement System raised its stake in shares of Greenlight Capital Re by 313.6% in the 2nd quarter. California State Teachers Retirement System now owns 5,857 shares of the financial services provider’s stock valued at $95,000 after acquiring an additional 4,441 shares during the period. Wedge Capital Management L L P NC grew its stake in Greenlight Capital Re by 10.9% during the 2nd quarter. Wedge Capital Management L L P NC now owns 62,951 shares of the financial services provider’s stock worth $1,019,000 after purchasing an additional 6,178 shares in the last quarter. Bank of America Corp DE increased its holdings in Greenlight Capital Re by 14.9% during the 1st quarter. Bank of America Corp DE now owns 88,059 shares of the financial services provider’s stock worth $1,523,000 after purchasing an additional 11,416 shares during the period. Empowered Funds LLC boosted its stake in shares of Greenlight Capital Re by 9.8% in the 1st quarter. Empowered Funds LLC now owns 178,029 shares of the financial services provider’s stock valued at $3,078,000 after buying an additional 15,845 shares during the period. Finally, Quantinno Capital Management LP grew its position in shares of Greenlight Capital Re by 65.9% during the first quarter. Quantinno Capital Management LP now owns 51,526 shares of the financial services provider’s stock worth $891,000 after buying an additional 20,459 shares in the last quarter. 41.52% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the stock. Weiss Ratings lowered shares of Greenlight Capital Re from a “buy (b)” rating to a “hold (c+)” rating in a research report on Wednesday, August 5th. Zacks Research upgraded shares of Greenlight Capital Re to a “hold” rating in a research report on Wednesday, May 27th. Finally, Wall Street Zen cut Greenlight Capital Re from a “buy” rating to a “hold” rating in a report on Sunday, June 7th. Two research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the company presently has a consensus rating of “Hold”.

Greenlight Capital Re Company Profile

Greenlight Capital Re Ltd. (NASDAQ: GLRE) is a Bermuda?incorporated reinsurer externally managed by Greenlight Capital Re Services Ltd., a subsidiary of Greenlight Capital, Inc Since its formation in 2016 and subsequent initial public offering in 2017, the company has focused on providing customized reinsurance solutions to insurers worldwide. Greenlight Capital Re operates as an independent, publicly traded entity, leveraging the investment expertise and underwriting rigor that underpin its parent’s investment platform.

The company’s core business activities encompass both treaty and facultative reinsurance across a broad spectrum of property and casualty lines.