Greenlight Capital Re Ltd. (NASDAQ:GLRE) Director Leonard R. Goldberg sold 5,700 shares of Greenlight Capital Re stock in a transaction dated Tuesday, October 4th. The shares were sold at an average price of $20.62, for a total transaction of $117,534.00. Following the sale, the director now owns 168,361 shares in the company, valued at $3,471,603.82. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.

Greenlight Capital Re Ltd. (NASDAQ:GLRE) opened at 20.46 on Thursday. The company’s 50-day moving average is $20.75 and its 200 day moving average is $20.57. Greenlight Capital Re Ltd. has a one year low of $16.05 and a one year high of $25.20. The company’s market capitalization is $763.57 million.

Greenlight Capital Re (NASDAQ:GLRE) last posted its quarterly earnings results on Monday, August 1st. The company reported ($1.69) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($1.09) by $0.60. Analysts predict that Greenlight Capital Re Ltd. will post $0.96 EPS for the current year.

Insider Buying and Selling by Quarter for Greenlight Capital Re (NASDAQ:GLRE)

A number of hedge funds have recently bought and sold shares of the company. Ameriprise Financial Inc. raised its stake in Greenlight Capital Re by 6.8% in the second quarter. Ameriprise Financial Inc. now owns 32,300 shares of the company’s stock valued at $651,000 after buying an additional 2,070 shares during the period. Nationwide Fund Advisors raised its stake in Greenlight Capital Re by 1.9% in the second quarter. Nationwide Fund Advisors now owns 22,424 shares of the company’s stock valued at $452,000 after buying an additional 417 shares during the period. Dimensional Fund Advisors LP raised its stake in Greenlight Capital Re by 8.3% in the second quarter. Dimensional Fund Advisors LP now owns 1,478,950 shares of the company’s stock valued at $29,815,000 after buying an additional 113,675 shares during the period. Vanguard Group Inc. raised its stake in Greenlight Capital Re by 4.0% in the second quarter. Vanguard Group Inc. now owns 2,117,881 shares of the company’s stock valued at $42,696,000 after buying an additional 80,626 shares during the period. Finally, BlackRock Advisors LLC raised its stake in Greenlight Capital Re by 6.8% in the second quarter. BlackRock Advisors LLC now owns 15,245 shares of the company’s stock valued at $307,000 after buying an additional 976 shares during the period. 42.83% of the stock is currently owned by hedge funds and other institutional investors.

Separately, Zacks Investment Research upgraded shares of Greenlight Capital Re from a “strong sell” rating to a “hold” rating in a research report on Tuesday, September 13th.

About Greenlight Capital Re

Greenlight Capital Re, Ltd. is a property and casualty reinsurance holding company. The Company operates through property and casualty reinsurance segment. Its underwriting operations are classified into two categories: frequency business, which is characterized as contracts containing a number of small losses emanating from multiple events, and severity business, which is characterized as contracts with the potential for losses emanating from one event or multiple events.

5 Day Chart for NASDAQ:GLRE

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