Barry Brendan Sells 25,000 Shares of Greenlight Capital Re, Ltd. (GLRE) Stock

Greenlight Capital Re, Ltd. (NASDAQ:GLRE) insider Barry Brendan sold 25,000 shares of the company’s stock in a transaction dated Tuesday, May 15th. The stock was sold at an average price of $15.34, for a total transaction of $383,500.00. Following the transaction, the insider now owns 118,546 shares of the company’s stock, valued at approximately $1,818,495.64. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Barry Brendan also recently made the following trade(s):

  • On Friday, May 11th, Barry Brendan sold 20,000 shares of Greenlight Capital Re stock. The stock was sold at an average price of $15.51, for a total transaction of $310,200.00.

Shares of Greenlight Capital Re opened at $15.27 on Friday, according to Marketbeat. Greenlight Capital Re, Ltd. has a 12-month low of $15.20 and a 12-month high of $15.40.

Greenlight Capital Re (NASDAQ:GLRE) last announced its quarterly earnings data on Tuesday, February 20th. The financial services provider reported ($1.02) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.55) by ($0.47). Greenlight Capital Re had a negative net margin of 40.65% and a negative return on equity of 23.81%. The business had revenue of $124.54 million for the quarter, compared to analysts’ expectations of $157.50 million. analysts expect that Greenlight Capital Re, Ltd. will post -2.85 earnings per share for the current fiscal year.

A number of hedge funds and other institutional investors have recently made changes to their positions in GLRE. Continental Advisors LLC purchased a new stake in Greenlight Capital Re during the 1st quarter valued at about $5,657,000. River & Mercantile Asset Management LLP purchased a new stake in Greenlight Capital Re during the 1st quarter valued at about $4,974,000. Wells Fargo & Company MN grew its stake in Greenlight Capital Re by 110.3% during the 1st quarter. Wells Fargo & Company MN now owns 291,485 shares of the financial services provider’s stock valued at $4,678,000 after acquiring an additional 152,863 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in Greenlight Capital Re by 6.1% during the 1st quarter. Dimensional Fund Advisors LP now owns 2,285,367 shares of the financial services provider’s stock valued at $36,680,000 after acquiring an additional 131,632 shares in the last quarter. Finally, Hourglass Capital LLC purchased a new stake in Greenlight Capital Re during the 1st quarter valued at about $2,111,000. 50.51% of the stock is owned by institutional investors.

Several research analysts recently weighed in on GLRE shares. UBS restated a “buy” rating and set a $25.00 price target (down previously from $27.00) on shares of Greenlight Capital Re in a research report on Friday, February 23rd. BidaskClub downgraded shares of Greenlight Capital Re from a “sell” rating to a “strong sell” rating in a research report on Thursday, February 15th. TheStreet downgraded shares of Greenlight Capital Re from a “b-” rating to a “c+” rating in a research report on Wednesday, February 14th. Finally, ValuEngine downgraded shares of Greenlight Capital Re from a “sell” rating to a “strong sell” rating in a research report on Monday, April 2nd. Three analysts have rated the stock with a sell rating and one has given a buy rating to the stock. Greenlight Capital Re presently has an average rating of “Hold” and an average target price of $24.50.

Greenlight Capital Re Company Profile

Greenlight Capital Re, Ltd., through its subsidiaries, engages in the provision of property and casualty reinsurance products and services worldwide. Its frequency business comprises contracts containing small losses emanating from multiple events and enables the clients to increase their underwriting capacity; and severity business includes contracts with the potential for significant losses emanating from one event or various events.

Insider Buying and Selling by Quarter for Greenlight Capital Re (NASDAQ:GLRE)

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