Greenlight Capital Re (NASDAQ:GLRE) Director Ian Isaacs Sells 4,850 Shares

Greenlight Capital Re, Ltd. (NASDAQ:GLRE) Director Ian Isaacs sold 4,850 shares of the stock in a transaction that occurred on Monday, September 14th. The shares were sold at an average price of $15.13, for a total value of $73,380.50. Following the sale, the director owned 53,142 shares of the company’s stock, valued at approximately $804,038.46. The trade was a 8.36% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

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 value of $62,512.68.
• 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 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 Up 0.1%

Shares of GLRE stock opened at $15.12 on Thursday. The firm has a market capitalization of $493.52 million, a P/E ratio of 10.29 and a beta of 0.32. Greenlight Capital Re, Ltd. has a 1 year low of $11.56 and a 1 year high of $19.39. The firm’s fifty day simple moving average is $15.89 and its 200 day simple moving average is $16.45. The company has a current ratio of 2.43, a quick ratio of 2.43 and a debt-to-equity ratio of 0.01.

Greenlight Capital Re (NASDAQ:GLRE) last issued its quarterly earnings results on Tuesday, August 4th. The financial services provider reported ($0.89) earnings per share 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 company had revenue of $137.46 million during the quarter, compared to the consensus estimate of $165.31 million. As a group, sell-side analysts predict that Greenlight Capital Re, Ltd. will post 1.25 EPS for the current year.

Analysts Set New Price Targets

A number of analysts have commented on GLRE shares. Zacks Research upgraded Greenlight Capital Re to a “hold” rating in a research report on Wednesday, May 27th. Wall Street Zen cut Greenlight Capital Re from a “buy” rating to a “hold” rating in a research report on Sunday, June 7th. 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, Based on data from MarketBeat, the stock presently has an average rating of “Hold”.

Institutional Investors Weigh In On Greenlight Capital Re

Institutional investors and hedge funds have recently made changes to their positions in the company. Private Management Group Inc. grew its holdings in shares of Greenlight Capital Re by 25.6% in the 4th quarter. Private Management Group Inc. now owns 1,502,235 shares of the financial services provider’s stock worth $21,903,000 after purchasing an additional 306,468 shares during the last quarter. Empowered Funds LLC lifted its holdings in Greenlight Capital Re by 9.8% during the 1st quarter. Empowered Funds LLC now owns 178,029 shares of the financial services provider’s stock valued at $3,078,000 after purchasing an additional 15,845 shares during the last quarter. Arrowstreet Capital Limited Partnership boosted its position in Greenlight Capital Re by 64.5% in the first quarter. Arrowstreet Capital Limited Partnership now owns 127,798 shares of the financial services provider’s stock valued at $2,210,000 after buying an additional 50,099 shares in the last quarter. Bank of America Corp DE boosted its position in Greenlight Capital Re by 14.9% in the first quarter. Bank of America Corp DE now owns 88,059 shares of the financial services provider’s stock valued at $1,523,000 after buying an additional 11,416 shares in the last quarter. Finally, Renaissance Technologies LLC bought a new stake in Greenlight Capital Re during the first quarter worth about $1,343,000. Institutional investors and hedge funds own 41.52% of the company’s stock.

Greenlight Capital Re Company Profile

Greenlight Capital Re, Ltd. is a specialty property and casualty reinsurance company headquartered in the Cayman Islands. Through its operating subsidiaries, the company provides reinsurance capacity to insurance companies and other risk-bearing organizations, helping them manage and transfer portions of their underwriting exposure.

Its business has included customized reinsurance arrangements across property, casualty and specialty lines. These arrangements may include quota-share and excess-of-loss structures, allowing clients to address specific risks, expand underwriting capacity or manage the volatility of their insurance portfolios.

Founded in 2004, Greenlight Capital Re has operated through entities in the Cayman Islands and Ireland and has served clients in multiple international insurance markets.