Brian Joseph Oreilly Sells 8,000 Shares of Greenlight Capital Re, Ltd. (NASDAQ:GLRE) Stock

Greenlight Capital Re, Ltd. (NASDAQ:GLRE) insider Brian Joseph Oreilly sold 8,000 shares of the business’s stock in a transaction on Wednesday, March 26th. The stock was sold at an average price of $14.00, for a total value of $112,000.00. Following the completion of the transaction, the insider now directly owns 99,330 shares in the company, valued at approximately $1,390,620. This represents a 7.45 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Greenlight Capital Re Trading Down 0.9 %

GLRE stock opened at $13.57 on Friday. The company has a quick ratio of 3.02, a current ratio of 3.02 and a debt-to-equity ratio of 0.09. Greenlight Capital Re, Ltd. has a twelve month low of $11.93 and a twelve month high of $15.82. The company has a market cap of $469.03 million, a P/E ratio of 5.38 and a beta of 0.86. The business has a fifty day moving average of $13.56 and a 200-day moving average of $13.92.

Greenlight Capital Re (NASDAQ:GLRE) last released its earnings results on Monday, March 10th. The financial services provider reported ($0.81) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.59 by ($1.40). Greenlight Capital Re had a net margin of 12.38% and a return on equity of 13.95%. The business had revenue of $143.76 million for the quarter.

Analyst Upgrades and Downgrades

Separately, StockNews.com downgraded shares of Greenlight Capital Re from a “buy” rating to a “hold” rating in a research note on Wednesday, March 12th.

Institutional Trading of Greenlight Capital Re

Institutional investors and hedge funds have recently made changes to their positions in the business. R Squared Ltd acquired a new stake in shares of Greenlight Capital Re during the fourth quarter worth $29,000. Aquatic Capital Management LLC grew its position in shares of Greenlight Capital Re by 374.4% during the 4th quarter. Aquatic Capital Management LLC now owns 3,795 shares of the financial services provider’s stock worth $53,000 after buying an additional 2,995 shares during the period. Bfsg LLC increased its stake in shares of Greenlight Capital Re by 13.3% in the 4th quarter. Bfsg LLC now owns 7,405 shares of the financial services provider’s stock valued at $104,000 after acquiring an additional 870 shares during the last quarter. Centiva Capital LP acquired a new stake in shares of Greenlight Capital Re in the 3rd quarter valued at approximately $139,000. Finally, Janney Montgomery Scott LLC bought a new position in Greenlight Capital Re during the 4th quarter worth approximately $144,000. Institutional investors own 41.52% of the company’s stock.

Greenlight Capital Re Company Profile

Greenlight Capital Re, Ltd., through its subsidiaries, operates as a property and casualty reinsurance company worldwide. The company offers various property reinsurance products and services, including automobile physical damage, personal lines, and commercial lines. It also provides casualty reinsurance products and services comprising general liability, motor liability, professional liability, and worker's compensation; and accident and health, transactional liability, mortgage insurance, surety, trade credit, marine, and energy, as well as other specialty products, such as aviation, crop, cyber, political, and terrorism products.