Greenlight Capital Re (NASDAQ:GLRE) Director Sells $149,500.00 in Stock

Greenlight Capital Re, Ltd. (NASDAQ:GLRE) Director Ian Isaacs sold 10,000 shares of the firm’s stock in a transaction that occurred on Friday, September 25th. The shares were sold at an average price of $14.95, for a total value of $149,500.00. Following the completion of the sale, the director owned 43,142 shares in the company, valued at approximately $644,972.90. This represents a 18.82% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

• On Monday, September 28th, Ian Isaacs sold 5,150 shares of Greenlight Capital Re stock. The shares were sold at an average price of $14.90, for a total value of $76,735.00.
• On Monday, September 14th, Ian Isaacs sold 4,850 shares of Greenlight Capital Re stock. The stock was sold at an average price of $15.13, for a total value of $73,380.50.
• On Friday, August 28th, Ian Isaacs sold 4,054 shares of Greenlight Capital Re stock. The stock was 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 shares were sold at an average price of $15.43, for a total value of $14,596.78.

Greenlight Capital Re Price Performance

Shares of GLRE opened at $14.69 on Friday. Greenlight Capital Re, Ltd. has a one year low of $11.56 and a one year high of $19.39. The stock’s fifty day moving average is $15.51 and its 200-day moving average is $16.47. The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.43 and a current ratio of 2.43. The firm has a market capitalization of $479.48 million, a price-to-earnings ratio of 9.99 and a beta of 0.27.

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

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on GLRE. Wall Street Zen downgraded Greenlight Capital Re from a “buy” rating to a “hold” rating in a research report on Sunday, June 7th. Weiss Ratings lowered Greenlight Capital Re from a “buy (b)” rating to a “hold (c+)” rating in a report on Wednesday, August 5th. Two investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, Greenlight Capital Re has an average rating of “Hold”.

Institutional Investors Weigh In On Greenlight Capital Re

A number of large investors have recently made changes to their positions in the company. PNC Financial Services Group Inc. boosted its stake in Greenlight Capital Re by 3,773.3% in the 1st quarter. PNC Financial Services Group Inc. now owns 1,743 shares of the financial services provider’s stock worth $30,000 after purchasing an additional 1,698 shares during the period. Janney Montgomery Scott LLC raised its stake in Greenlight Capital Re by 14.8% during the 1st quarter. Janney Montgomery Scott LLC now owns 17,921 shares of the financial services provider’s stock valued at $310,000 after purchasing an additional 2,309 shares during the period. Engineers Gate Manager LP lifted its holdings in shares of Greenlight Capital Re by 9.1% in the second quarter. Engineers Gate Manager LP now owns 20,460 shares of the financial services provider’s stock valued at $331,000 after purchasing an additional 1,705 shares in the last quarter. Inceptionr LLC purchased a new stake in shares of Greenlight Capital Re in the first quarter valued at $369,000. Finally, Hsbc Holdings PLC purchased a new stake in shares of Greenlight Capital Re in the first quarter valued at $813,000. 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.