Greenlight Capital Re (NASDAQ:GLRE) Director Sells $150,725.90 in Stock

Greenlight Capital Re, Ltd. (NASDAQ:GLRE) Director Ian Isaacs sold 9,230 shares of the company’s stock in a transaction on Tuesday, June 23rd. The stock was sold at an average price of $16.33, for a total transaction of $150,725.90. Following the transaction, the director owned 60,191 shares of the company’s stock, valued at approximately $982,919.03. This represents a 13.30% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.

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

• On Monday, June 22nd, Ian Isaacs sold 1,716 shares of Greenlight Capital Re stock. The shares were sold at an average price of $15.92, for a total transaction of $27,318.72.

Greenlight Capital Re Price Performance

GLRE stock traded up $0.07 during mid-day trading on Wednesday, hitting $16.52. The company had a trading volume of 174,034 shares, compared to its average volume of 176,365. The company has a 50-day moving average price of $17.10 and a 200 day moving average price of $15.61. Greenlight Capital Re, Ltd. has a 12-month low of $11.56 and a 12-month high of $19.39. The company has a market capitalization of $547.97 million, a price-to-earnings ratio of 6.97 and a beta of 0.33. The company has a quick ratio of 2.46, a current ratio of 2.46 and a debt-to-equity ratio of 0.01.

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 for the quarter, missing analysts’ consensus estimates of $1.25 by ($0.20). The firm had revenue of $189.66 million for the quarter, compared to analysts’ expectations of $160.88 million. Greenlight Capital Re had a net margin of 11.47% and a return on equity of 11.69%. On average, research analysts anticipate that Greenlight Capital Re, Ltd. will post 1.8 earnings per share for the current year.

Institutional Investors Weigh In On Greenlight Capital Re

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. PNC Financial Services Group Inc. boosted its holdings 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 purchasing an additional 1,698 shares during the period. Quadrant Capital Group LLC lifted its position in Greenlight Capital Re by 7,213.6% in the fourth quarter. Quadrant Capital Group LLC now owns 3,218 shares of the financial services provider’s stock worth $47,000 after buying an additional 3,174 shares during the last quarter. Tower Research Capital LLC TRC lifted its position in Greenlight Capital Re by 90.2% in the second quarter. Tower Research Capital LLC TRC now owns 3,431 shares of the financial services provider’s stock worth $49,000 after buying an additional 1,627 shares during the last quarter. Russell Investments Group Ltd. boosted its stake in Greenlight Capital Re by 184.6% during the third quarter. Russell Investments Group Ltd. now owns 4,238 shares of the financial services provider’s stock worth $54,000 after buying an additional 2,749 shares during the period. Finally, Bfsg LLC increased its position in Greenlight Capital Re by 31.8% during the fourth quarter. Bfsg LLC now owns 11,940 shares of the financial services provider’s stock valued at $174,000 after acquiring an additional 2,880 shares during the last quarter. 41.52% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts have recently issued reports 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. Zacks Research upgraded shares of Greenlight Capital Re to a “hold” rating in a research report on Wednesday, May 27th. Finally, Weiss Ratings raised shares of Greenlight Capital Re from a “hold (c)” rating to a “buy (b+)” rating in a research note on Tuesday, March 17th. One equities research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy”.

About Greenlight Capital Re

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.