Insider Selling: Greenlight Capital Re (NASDAQ:GLRE) Director Sells $62,512.68 in Stock

Greenlight Capital Re, Ltd. (NASDAQ:GLRE) Director Ian Isaacs sold 4,054 shares of Greenlight Capital Re stock in a transaction on Friday, August 28th. The stock was sold at an average price of $15.42, for a total transaction of $62,512.68. Following the transaction, the director owned 20,000 shares in the company, valued at $308,400. This represents a 16.85% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

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

• On Thursday, August 27th, Ian Isaacs sold 946 shares of Greenlight Capital Re stock. The stock was sold at an average price of $15.43, for a total value of $14,596.78.
• On Thursday, June 25th, Ian Isaacs sold 4,000 shares of Greenlight Capital Re stock. The stock was sold at an average price of $16.06, for a total value 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 value of $83,200.00.
• 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 value 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 value of $27,318.72.

Greenlight Capital Re Stock Down 0.2%

NASDAQ GLRE opened at $15.23 on Thursday. Greenlight Capital Re, Ltd. has a 52 week low of $11.56 and a 52 week high of $19.39. The company has a quick ratio of 2.43, a current ratio of 2.43 and a debt-to-equity ratio of 0.01. The company has a market capitalization of $497.11 million, a P/E ratio of 10.36 and a beta of 0.32. The stock’s 50-day moving average price is $16.14 and its 200-day moving average price is $16.38.

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

Analyst Upgrades and Downgrades

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

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Private Management Group Inc. lifted its position in shares of 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 worth $21,903,000 after buying an additional 306,468 shares in the last quarter. Vanguard Group Inc. grew its holdings in Greenlight Capital Re by 3.5% during the 3rd quarter. Vanguard Group Inc. now owns 1,469,818 shares of the financial services provider’s stock valued at $18,667,000 after buying an additional 49,929 shares in the last quarter. Ameriprise Financial Inc. increased its stake in 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 acquiring an additional 2,180 shares during the last quarter. Wells Fargo & Company MN raised its holdings 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 worth $4,963,000 after acquiring an additional 13,430 shares in the last quarter. Finally, Goldman Sachs Group Inc. raised its holdings in shares of Greenlight Capital Re by 73.1% during the 4th quarter. Goldman Sachs Group Inc. now owns 229,630 shares of the financial services provider’s stock worth $3,348,000 after acquiring an additional 96,983 shares in the last quarter. Institutional investors own 41.52% of the company’s stock.

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.