Greenlight Capital Re (NASDAQ:GLRE) Director Sells $76,735.00 in Stock

Greenlight Capital Re, Ltd. (NASDAQ:GLRE) Director Ian Isaacs sold 5,150 shares of the business’s stock in a transaction that occurred on Monday, September 28th. The stock was sold at an average price of $14.90, for a total transaction of $76,735.00. Following the sale, the director owned 37,992 shares of the company’s stock, valued at $566,080.80. This represents a 11.94% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

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

• On Friday, September 25th, Ian Isaacs sold 10,000 shares of Greenlight Capital Re stock. The stock was sold at an average price of $14.95, for a total transaction of $149,500.00.
• On Monday, September 14th, Ian Isaacs sold 4,850 shares of Greenlight Capital Re stock. The stock was sold at an average price of $15.13, for a total value of $73,380.50.
• On Friday, August 28th, Ian Isaacs sold 4,054 shares of Greenlight Capital Re stock. The stock was sold at an average price of $15.42, for a total value of $62,512.68.
• On Thursday, August 27th, Ian Isaacs sold 946 shares of Greenlight Capital Re stock. The shares were sold at an average price of $15.43, for a total transaction of $14,596.78.

Greenlight Capital Re Price Performance

Shares of NASDAQ:GLRE opened at $14.69 on Friday. The company has a 50-day simple moving average of $15.51 and a 200-day simple moving average of $16.47. 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 stock has a market capitalization of $479.48 million, a price-to-earnings ratio of 9.99 and a beta of 0.27. Greenlight Capital Re, Ltd. has a one year low of $11.56 and a one year high of $19.39.

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

Institutional Investors Weigh In On Greenlight Capital Re

Several institutional investors have recently modified their holdings of the company. PNC Financial Services Group Inc. boosted its position in shares of Greenlight Capital Re by 3,773.3% in the 1st quarter. PNC Financial Services Group Inc. now owns 1,743 shares of the financial services provider’s stock worth $30,000 after buying an additional 1,698 shares in the last quarter. Janney Montgomery Scott LLC increased its holdings in Greenlight Capital Re by 14.8% during the 1st quarter. Janney Montgomery Scott LLC now owns 17,921 shares of the financial services provider’s stock valued at $310,000 after acquiring an additional 2,309 shares in the last quarter. Engineers Gate Manager LP raised its position in Greenlight Capital Re by 9.1% during the second quarter. Engineers Gate Manager LP now owns 20,460 shares of the financial services provider’s stock worth $331,000 after acquiring an additional 1,705 shares during the last quarter. Inceptionr LLC acquired a new position in Greenlight Capital Re during the first quarter worth about $369,000. Finally, Hsbc Holdings PLC purchased a new stake in shares of Greenlight Capital Re in the first quarter valued at about $813,000. Hedge funds and other institutional investors own 41.52% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Greenlight Capital Re Company Profile

Greenlight Capital Re, Ltd. is a specialty property and casualty reinsurance company headquartered in the Cayman Islands. Through its operating subsidiaries, the company provides reinsurance capacity to insurance companies and other risk-bearing organizations, helping them manage and transfer portions of their underwriting exposure.

Its business has included customized reinsurance arrangements across property, casualty and specialty lines. These arrangements may include quota-share and excess-of-loss structures, allowing clients to address specific risks, expand underwriting capacity or manage the volatility of their insurance portfolios.

Founded in 2004, Greenlight Capital Re has operated through entities in the Cayman Islands and Ireland and has served clients in multiple international insurance markets.