Greenlight Capital Re (NASDAQ:GLRE) Director Joseph Platt Jr Purchases 5,000 Shares

Greenlight Capital Re, Ltd. (NASDAQ:GLRE) Director Joseph Platt, Jr. acquired 5,000 shares of the firm’s stock in a transaction dated Tuesday, November 18th. The shares were acquired at an average price of $12.97 per share, with a total value of $64,850.00. Following the acquisition, the director owned 5,000 shares in the company, valued at approximately $64,850. The trade was a ∞ increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at this link.

Greenlight Capital Re Stock Down 1.3%

GLRE stock traded down $0.18 on Wednesday, hitting $12.80. 89,712 shares of the company’s stock were exchanged, compared to its average volume of 116,349. The firm has a 50 day moving average price of $12.58 and a two-hundred day moving average price of $13.23. Greenlight Capital Re, Ltd. has a 12-month low of $11.56 and a 12-month high of $15.38. The stock has a market cap of $436.30 million, a P/E ratio of 11.96 and a beta of 0.60. The company has a debt-to-equity ratio of 0.09, a quick ratio of 2.83 and a current ratio of 2.83.

Greenlight Capital Re (NASDAQ:GLRE) last issued its quarterly earnings results on Monday, November 3rd. The financial services provider reported ($0.13) earnings per share for the quarter, missing the consensus estimate of $0.10 by ($0.23). Greenlight Capital Re had a return on equity of 5.75% and a net margin of 5.37%.The business had revenue of $184.38 million during the quarter.

Institutional Investors Weigh In On Greenlight Capital Re

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Tower Research Capital LLC TRC grew its holdings in shares of Greenlight Capital Re by 90.2% during the 2nd quarter. Tower Research Capital LLC TRC now owns 3,431 shares of the financial services provider’s stock worth $49,000 after purchasing an additional 1,627 shares during the period. Russell Investments Group Ltd. boosted its stake in Greenlight Capital Re by 184.6% during the third quarter. Russell Investments Group Ltd. now owns 4,238 shares of the financial services provider’s stock worth $54,000 after buying an additional 2,749 shares during the period. CWM LLC increased its position in shares of Greenlight Capital Re by 25.7% during the second quarter. CWM LLC now owns 6,149 shares of the financial services provider’s stock valued at $88,000 after acquiring an additional 1,256 shares during the last quarter. Financial Consulate Inc. acquired a new stake in shares of Greenlight Capital Re during the third quarter valued at about $124,000. Finally, Bailard Inc. purchased a new stake in shares of Greenlight Capital Re in the 1st quarter valued at approximately $138,000. Institutional investors and hedge funds own 41.52% of the company’s stock.

Analyst Ratings Changes

Separately, Weiss Ratings lowered shares of Greenlight Capital Re from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Thursday, October 30th. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, Greenlight Capital Re has a consensus rating of “Hold”.

About Greenlight Capital Re

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.