Patrick O’brien Sells 7,500 Shares of Greenlight Capital Re, Ltd. (NASDAQ:GLRE) Stock

Greenlight Capital Re, Ltd. (NASDAQ:GLRE) COO Patrick O’brien sold 7,500 shares of the company’s stock in a transaction that occurred on Monday, May 12th. The stock was sold at an average price of $13.48, for a total value of $101,100.00. Following the transaction, the chief operating officer now owns 182,925 shares in the company, valued at $2,465,829. This trade represents a 3.94% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Patrick O’brien also recently made the following trade(s):

• On Wednesday, May 14th, Patrick O’brien sold 5,000 shares of Greenlight Capital Re stock. The stock was sold at an average price of $13.22, for a total value of $66,100.00.

Greenlight Capital Re Stock Up 2.4%

GLRE stock opened at $13.46 on Friday. Greenlight Capital Re, Ltd. has a fifty-two week low of $11.95 and a fifty-two week high of $15.82. The business’s 50 day moving average price is $13.29 and its two-hundred day moving average price is $13.80. The company has a debt-to-equity ratio of 0.09, a quick ratio of 3.02 and a current ratio of 3.02. The company has a market capitalization of $465.23 million, a price-to-earnings ratio of 5.34 and a beta of 0.67.

Greenlight Capital Re (NASDAQ:GLRE) last posted its earnings results on Wednesday, May 7th. The financial services provider reported $0.86 earnings per share for the quarter, topping analysts’ consensus estimates of $0.50 by $0.36. Greenlight Capital Re had a return on equity of 13.95% and a net margin of 12.38%. The firm had revenue of $247.95 million for the quarter.

Analysts Set New Price Targets

Separately, StockNews.com upgraded Greenlight Capital Re from a “hold” rating to a “buy” rating in a report on Friday, May 9th.

Institutional Trading of Greenlight Capital Re

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Bfsg LLC grew its stake in shares of Greenlight Capital Re by 11.5% in the 1st quarter. Bfsg LLC now owns 8,260 shares of the financial services provider’s stock worth $112,000 after buying an additional 855 shares during the last quarter. PDT Partners LLC grew its stake in shares of Greenlight Capital Re by 5.1% in the 4th quarter. PDT Partners LLC now owns 22,655 shares of the financial services provider’s stock worth $317,000 after buying an additional 1,109 shares during the last quarter. MetLife Investment Management LLC grew its stake in shares of Greenlight Capital Re by 12.5% in the 4th quarter. MetLife Investment Management LLC now owns 16,518 shares of the financial services provider’s stock worth $231,000 after buying an additional 1,836 shares during the last quarter. SG Americas Securities LLC grew its stake in shares of Greenlight Capital Re by 20.2% in the 4th quarter. SG Americas Securities LLC now owns 11,715 shares of the financial services provider’s stock worth $164,000 after buying an additional 1,971 shares during the last quarter. Finally, R Squared Ltd purchased a new stake in shares of Greenlight Capital Re in the 4th quarter worth approximately $29,000. Hedge funds and other 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.