Greenlight Capital Re (NASDAQ:GLRE) Director Sells $14,596.78 in Stock

Greenlight Capital Re, Ltd. (NASDAQ:GLRE) Director Ian Isaacs sold 946 shares of Greenlight Capital Re stock in a transaction dated Thursday, August 27th. The stock was sold at an average price of $15.43, for a total value of $14,596.78. Following the completion of the sale, the director owned 24,054 shares of the company’s stock, valued at approximately $371,153.22. The trade was a 3.78% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

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

• On Friday, August 28th, Ian Isaacs sold 4,054 shares of Greenlight Capital Re stock. The shares were sold at an average price of $15.42, for a total transaction of $62,512.68.
• On Thursday, June 25th, Ian Isaacs sold 4,000 shares of Greenlight Capital Re stock. The shares were sold at an average price of $16.06, for a total transaction of $64,240.00.
• On Wednesday, June 24th, Ian Isaacs sold 5,000 shares of Greenlight Capital Re stock. The shares were sold at an average price of $16.64, for a total transaction of $83,200.00.
• On Tuesday, June 23rd, Ian Isaacs sold 9,230 shares of Greenlight Capital Re stock. The stock was sold at an average price of $16.33, for a total transaction of $150,725.90.
• On Monday, June 22nd, Ian Isaacs sold 1,716 shares of Greenlight Capital Re stock. The stock was sold at an average price of $15.92, for a total transaction of $27,318.72.

Greenlight Capital Re Trading Down 0.2%

GLRE opened at $15.23 on Thursday. The firm has a 50 day simple moving average of $16.14 and a 200 day simple moving average of $16.38. Greenlight Capital Re, Ltd. has a fifty-two week low of $11.56 and a fifty-two week high of $19.39. The company has a market cap of $497.11 million, a price-to-earnings ratio of 10.36 and a beta of 0.32. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.43 and a quick ratio of 2.43.

Greenlight Capital Re (NASDAQ:GLRE) last announced its quarterly earnings data on Tuesday, August 4th. The financial services provider reported ($0.89) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.35) by ($0.54). Greenlight Capital Re had a net margin of 7.47% and a return on equity of 7.28%. The business had revenue of $137.46 million during the quarter, compared to the consensus estimate of $165.31 million. On average, sell-side analysts anticipate that Greenlight Capital Re, Ltd. will post 1.25 earnings per share for the current year.

Institutional Investors Weigh In On Greenlight Capital Re

Several large investors have recently bought and sold shares of the company. AQR Capital Management LLC raised its holdings in Greenlight Capital Re by 61.1% in the first quarter. AQR Capital Management LLC now owns 44,893 shares of the financial services provider’s stock worth $608,000 after purchasing an additional 17,029 shares during the period. Empowered Funds LLC boosted its position in shares of Greenlight Capital Re by 8.3% during the first quarter. Empowered Funds LLC now owns 117,805 shares of the financial services provider’s stock worth $1,596,000 after purchasing an additional 9,066 shares in the last quarter. Jane Street Group LLC acquired a new position in shares of Greenlight Capital Re in the 1st quarter valued at $335,000. First Trust Advisors LP grew its holdings in shares of Greenlight Capital Re by 3.2% in the 2nd quarter. First Trust Advisors LP now owns 81,531 shares of the financial services provider’s stock valued at $1,172,000 after buying an additional 2,553 shares during the period. Finally, Ameriprise Financial Inc. grew 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 valued at $9,532,000 after buying an additional 2,180 shares during the period. Institutional investors own 41.52% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on GLRE. Wall Street Zen lowered Greenlight Capital Re from a “buy” rating to a “hold” rating in a research report on Sunday, June 7th. Zacks Research upgraded Greenlight Capital Re to a “hold” rating in a report on Wednesday, May 27th. Finally, Weiss Ratings lowered Greenlight Capital Re from a “buy (b)” rating to a “hold (c+)” rating in a research note on Wednesday, August 5th. Two research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the company has an average rating of “Hold”.

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.