Insider Selling: Greenlight Capital Re, Ltd. (NASDAQ:GLRE) Director Sells 7,159 Shares of Stock

Greenlight Capital Re, Ltd. (NASDAQ:GLRE) Director Ian Isaacs sold 7,159 shares of the business’s stock in a transaction on Friday, September 27th. The stock was sold at an average price of $13.81, for a total value of $98,865.79. Following the transaction, the director now directly owns 86,984 shares in the company, valued at approximately $1,201,249.04. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Greenlight Capital Re Price Performance

Shares of GLRE stock opened at $13.70 on Monday. The company has a debt-to-equity ratio of 0.10, a current ratio of 3.00 and a quick ratio of 3.00. The company has a market capitalization of $483.90 million, a PE ratio of 4.58 and a beta of 0.86. The firm’s 50-day moving average is $13.49 and its two-hundred day moving average is $12.96. Greenlight Capital Re, Ltd. has a 12 month low of $10.49 and a 12 month high of $14.31.

Greenlight Capital Re (NASDAQ:GLRE) last released its quarterly earnings results on Tuesday, August 6th. The financial services provider reported $0.23 EPS for the quarter, missing the consensus estimate of $0.25 by ($0.02). The firm had revenue of $174.86 million for the quarter. Greenlight Capital Re had a net margin of 9.60% and a return on equity of 10.88%.

Wall Street Analyst Weigh In

Separately, StockNews.com lowered Greenlight Capital Re from a “buy” rating to a “hold” rating in a report on Thursday, August 15th.

Hedge Funds Weigh In On Greenlight Capital Re

Several large investors have recently modified their holdings of GLRE. Private Management Group Inc. lifted its holdings in shares of Greenlight Capital Re by 69.0% in the 1st quarter. Private Management Group Inc. now owns 452,313 shares of the financial services provider’s stock worth $5,640,000 after acquiring an additional 184,620 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in Greenlight Capital Re by 5.8% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,902,489 shares of the financial services provider’s stock worth $21,726,000 after purchasing an additional 104,721 shares in the last quarter. Vanguard Group Inc. boosted its position in shares of Greenlight Capital Re by 0.6% during the first quarter. Vanguard Group Inc. now owns 1,343,464 shares of the financial services provider’s stock worth $16,753,000 after buying an additional 8,489 shares during the period. BNP Paribas Financial Markets grew its stake in shares of Greenlight Capital Re by 41.1% in the fourth quarter. BNP Paribas Financial Markets now owns 49,634 shares of the financial services provider’s stock valued at $567,000 after buying an additional 14,452 shares in the last quarter. Finally, CWM LLC raised its holdings in shares of Greenlight Capital Re by 37.3% in the 2nd quarter. CWM LLC now owns 3,702 shares of the financial services provider’s stock valued at $48,000 after buying an additional 1,005 shares during the period. Institutional investors and hedge funds own 41.52% of the company’s stock.

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.