Greenlight Capital Re (NASDAQ:GLRE) Director Ursuline Foley Purchases 5,000 Shares

Greenlight Capital Re, Ltd. (NASDAQ:GLRE) Director Ursuline Foley bought 5,000 shares of the company’s stock in a transaction that occurred on Thursday, November 20th. The shares were bought at an average price of $12.92 per share, with a total value of $64,600.00. Following the transaction, the director owned 54,100 shares of the company’s stock, valued at $698,972. The trade was a 10.18% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Greenlight Capital Re Price Performance

NASDAQ GLRE traded up $0.40 on Friday, reaching $13.00. The company had a trading volume of 173,483 shares, compared to its average volume of 116,771. The stock has a market capitalization of $443.29 million, a PE ratio of 12.15 and a beta of 0.60. Greenlight Capital Re, Ltd. has a 12 month low of $11.56 and a 12 month high of $15.38. The company has a quick ratio of 2.83, a current ratio of 2.83 and a debt-to-equity ratio of 0.09. The firm’s 50 day moving average price is $12.60 and its 200 day moving average price is $13.22.

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

Institutional Investors Weigh In On Greenlight Capital Re

Institutional investors have recently modified their holdings of the stock. Private Management Group Inc. increased its position in shares of Greenlight Capital Re by 11.2% during the 1st quarter. Private Management Group Inc. now owns 1,034,365 shares of the financial services provider’s stock valued at $14,016,000 after purchasing an additional 103,886 shares during the last quarter. GSA Capital Partners LLP increased its position in Greenlight Capital Re by 82.1% during the first quarter. GSA Capital Partners LLP now owns 81,314 shares of the financial services provider’s stock valued at $1,102,000 after acquiring an additional 36,670 shares during the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management raised its stake in shares of Greenlight Capital Re by 19.1% in the first quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 33,779 shares of the financial services provider’s stock valued at $458,000 after acquiring an additional 5,416 shares during the period. Connor Clark & Lunn Investment Management Ltd. lifted its holdings in shares of Greenlight Capital Re by 106.9% in the 1st quarter. Connor Clark & Lunn Investment Management Ltd. now owns 54,245 shares of the financial services provider’s stock worth $735,000 after acquiring an additional 28,028 shares during the last quarter. Finally, Invesco Ltd. boosted its stake in shares of Greenlight Capital Re by 284.9% during the 1st quarter. Invesco Ltd. now owns 233,227 shares of the financial services provider’s stock worth $3,160,000 after purchasing an additional 172,639 shares during the period. 41.52% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Greenlight Capital Re in a research note on Wednesday. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, Greenlight Capital Re currently has an average rating of “Hold”.

Greenlight Capital Re Company Profile

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.