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

Brokerages have set a 1-year consensus price target of $25.00 for the company and are expecting that the company will post $0.04 EPS for the current quarter, according to Zacks. Zacks has also assigned Greenlight Capital Re an industry rank of 161 out of 255 based on the ratings given to related companies.

A number of equities analysts have recently commented on GLRE shares. Zacks Investment Research upgraded shares of Greenlight Capital Re from a “hold” rating to a “buy” rating and set a $16.00 price objective for the company in a research note on Wednesday, July 4th. BidaskClub downgraded shares of Greenlight Capital Re from a “hold” rating to a “sell” rating in a research note on Saturday, May 12th. Finally, ValuEngine upgraded shares of Greenlight Capital Re from a “sell” rating to a “hold” rating in a research note on Monday, July 2nd.

In related news, insider Barry Brendan sold 25,000 shares of the firm’s stock in a transaction dated 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 sale, the insider now directly owns 118,546 shares in the company, valued at approximately $1,818,495.64. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Leonard R. Goldberg bought 12,000 shares of the business’s stock in a transaction that occurred on Wednesday, June 6th. The stock was purchased at an average price of $15.25 per share, with a total value of $183,000.00. Following the completion of the purchase, 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.

Large investors have recently modified their holdings of the stock. SG Americas Securities LLC acquired a new stake in Greenlight Capital Re in the 1st quarter valued at about $102,000. Barclays PLC lifted its stake in Greenlight Capital Re by 125.4% in 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. Guggenheim Capital LLC acquired a new stake in Greenlight Capital Re in the 4th quarter valued at about $232,000. JPMorgan Chase & Co. lifted its stake in Greenlight Capital Re by 83.5% in 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. Finally, Legal & General Group Plc lifted its stake in Greenlight Capital Re by 58.7% in the 1st quarter. Legal & General Group Plc now owns 15,918 shares of the financial services provider’s stock valued at $255,000 after purchasing an additional 5,885 shares during the last quarter. Institutional investors and hedge funds own 43.19% of the company’s stock.

Shares of Greenlight Capital Re stock traded down $0.35 during trading hours on Wednesday, reaching $12.90. 356,905 shares of the company’s stock were exchanged, compared to its average volume of 356,945. Greenlight Capital Re has a fifty-two week low of $12.75 and a fifty-two week high of $23.10. The company has a market cap of $501.12 million, a price-to-earnings ratio of -10.66 and a beta of 0.85.

Greenlight Capital Re (NASDAQ:GLRE) last posted its quarterly earnings data on Tuesday, July 31st. The financial services provider reported ($1.01) EPS for the quarter, topping the Zacks’ consensus estimate of ($1.05) by $0.04. Greenlight Capital Re had a negative net margin of 44.10% and a negative return on equity of 25.61%. The company had revenue of $88.08 million during the quarter, compared to the consensus estimate of $103.40 million. analysts expect that Greenlight Capital Re will post -4.45 earnings per share for the current year.

About Greenlight Capital Re

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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