Greenlight Capital Re (NASDAQ:GLRE) Director Ian Isaacs Sells 1,716 Shares

Greenlight Capital Re, Ltd. (NASDAQ:GLRE) Director Ian Isaacs sold 1,716 shares of the stock in a transaction that occurred on Monday, June 22nd. The stock was sold at an average price of $15.92, for a total transaction of $27,318.72. Following the completion of the sale, the director owned 69,421 shares in the company, valued at $1,105,182.32. This represents a 2.41% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

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

• 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 transaction of $150,725.90.

Greenlight Capital Re Stock Up 0.4%

GLRE opened at $16.52 on Thursday. The firm has a market capitalization of $547.97 million, a P/E ratio of 6.97 and a beta of 0.33. Greenlight Capital Re, Ltd. has a one year low of $11.56 and a one year high of $19.39. The company has a fifty day moving average price of $17.07 and a 200-day moving average price of $15.62. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.46 and a quick ratio of 2.46.

Greenlight Capital Re (NASDAQ:GLRE) last issued its quarterly earnings data on Tuesday, May 5th. The financial services provider reported $1.05 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.25 by ($0.20). The business had revenue of $189.66 million during the quarter, compared to analysts’ expectations of $160.88 million. Greenlight Capital Re had a return on equity of 11.69% and a net margin of 11.47%. Equities research analysts expect that Greenlight Capital Re, Ltd. will post 1.8 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several analysts have weighed in on the company. Wall Street Zen cut Greenlight Capital Re from a “buy” rating to a “hold” rating in a report on Sunday, June 7th. Weiss Ratings raised Greenlight Capital Re from a “hold (c)” rating to a “buy (b+)” rating in a report on Tuesday, March 17th. Finally, Zacks Research upgraded shares of Greenlight Capital Re to a “hold” rating in a research report on Wednesday, May 27th. One research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy”.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in GLRE. Private Management Group Inc. increased its stake in Greenlight Capital Re by 25.6% in the fourth quarter. Private Management Group Inc. now owns 1,502,235 shares of the financial services provider’s stock valued at $21,903,000 after acquiring an additional 306,468 shares during the last quarter. Vanguard Group Inc. lifted its stake in Greenlight Capital Re by 3.5% during the third quarter. Vanguard Group Inc. now owns 1,469,818 shares of the financial services provider’s stock worth $18,667,000 after purchasing an additional 49,929 shares during the last quarter. CWA Asset Management Group LLC boosted its holdings in shares of Greenlight Capital Re by 6.9% in the 4th quarter. CWA Asset Management Group LLC now owns 977,105 shares of the financial services provider’s stock worth $14,246,000 after purchasing an additional 62,707 shares in the last quarter. Ameriprise Financial Inc. boosted its holdings in shares of Greenlight Capital Re by 0.3% in the 2nd quarter. Ameriprise Financial Inc. now owns 663,297 shares of the financial services provider’s stock worth $9,532,000 after purchasing an additional 2,180 shares in the last quarter. Finally, Wells Fargo & Company MN increased its position in shares of Greenlight Capital Re by 4.1% during the 4th quarter. Wells Fargo & Company MN now owns 340,375 shares of the financial services provider’s stock valued at $4,963,000 after purchasing an additional 13,430 shares during the last quarter. 41.52% of the stock is currently owned by hedge funds and other institutional investors.

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.