Greenlight Capital Re, Ltd. (NASDAQ:GLRE) has been assigned a consensus broker rating score of 1.00 (Strong Buy) from the two analysts that provide coverage for the company, Zacks Investment Research reports. Two research analysts have rated the stock with a strong buy rating.

Brokers have set a 1 year consensus target price of $25.00 for the company and are expecting that the company will post $0.81 EPS for the current quarter, according to Zacks. Zacks has also assigned Greenlight Capital Re an industry rank of 105 out of 255 based on the ratings given to its competitors.

Several research firms have recently commented on GLRE. TheStreet lowered Greenlight Capital Re from a “b-” rating to a “c+” rating in a research note on Wednesday, February 14th. BidaskClub lowered Greenlight Capital Re from a “sell” rating to a “strong sell” rating in a research note on Thursday, February 15th. UBS Group reaffirmed a “buy” rating and issued a $25.00 target price (down previously from $27.00) on shares of Greenlight Capital Re in a report on Friday, February 23rd. ValuEngine downgraded shares of Greenlight Capital Re from a “hold” rating to a “sell” rating in a report on Wednesday, March 7th. Finally, Zacks Investment Research raised shares of Greenlight Capital Re from a “strong sell” rating to a “hold” rating in a report on Wednesday, June 6th.

In related news, insider Barry Brendan sold 25,000 shares of the company’s stock in a transaction on Tuesday, May 15th. The shares were sold at an average price of $15.34, for a total value of $383,500.00. Following the completion of the transaction, the insider now owns 118,546 shares of the company’s stock, valued at approximately $1,818,495.64. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Leonard R. Goldberg bought 12,000 shares of the company’s stock in a transaction that occurred on Wednesday, June 6th. The stock was purchased at an average cost of $15.25 per share, with a total value of $183,000.00. Following the acquisition, the director now directly owns 166,641 shares in the company, valued at approximately $2,541,275.25. The disclosure for this purchase can be found here. Corporate insiders own 21.38% of the company’s stock.

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. SG Americas Securities LLC bought a new position in shares of Greenlight Capital Re during the 1st quarter valued at about $102,000. Barclays PLC boosted its holdings in shares of Greenlight Capital Re by 125.4% during the 1st quarter. Barclays PLC now owns 10,842 shares of the financial services provider’s stock valued at $173,000 after purchasing an additional 6,032 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of Greenlight Capital Re by 83.5% during the 1st quarter. JPMorgan Chase & Co. now owns 11,921 shares of the financial services provider’s stock valued at $191,000 after purchasing an additional 5,423 shares during the last quarter. Crestline Management LP bought a new position in shares of Greenlight Capital Re during the 4th quarter valued at about $202,000. Finally, Teacher Retirement System of Texas bought a new position in shares of Greenlight Capital Re during the 4th quarter valued at about $207,000. 43.22% of the stock is owned by institutional investors and hedge funds.

Shares of NASDAQ:GLRE traded down $0.10 during midday trading on Friday, hitting $14.70. The company had a trading volume of 3,100 shares, compared to its average volume of 272,040. The firm has a market capitalization of $570.56 million, a price-to-earnings ratio of -12.11 and a beta of 0.86. Greenlight Capital Re has a 12-month low of $14.10 and a 12-month high of $23.15.

Greenlight Capital Re (NASDAQ:GLRE) last posted its quarterly earnings data on Monday, April 30th. The financial services provider reported ($3.85) EPS for the quarter, topping the consensus estimate of ($4.43) by $0.58. The firm had revenue of $0.14 million during the quarter, compared to analyst estimates of $30.20 million. Greenlight Capital Re had a negative return on equity of 23.81% and a negative net margin of 40.65%. research analysts anticipate that Greenlight Capital Re will post -2.27 earnings per share for the current year.

Greenlight Capital Re Company Profile

Greenlight Capital Re, Ltd., through its subsidiaries, engages in the provision of property and casualty reinsurance products and services worldwide. Its frequency business comprises contracts containing small losses emanating from multiple events and enables the clients to increase their underwriting capacity; and severity business includes contracts with the potential for significant losses emanating from one event or various events.

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