Greenlight Capital Re (NASDAQ:GLRE) Director Acquires $64,850.00 in Stock

Greenlight Capital Re, Ltd. (NASDAQ:GLRE) Director Joseph Platt, Jr. bought 5,000 shares of the stock in a transaction that occurred on Tuesday, November 18th. The shares were purchased at an average price of $12.97 per share, with a total value of $64,850.00. Following the completion of the acquisition, the director directly owned 5,000 shares in the company, valued at $64,850. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Greenlight Capital Re Stock Down 1.3%

Shares of Greenlight Capital Re stock traded down $0.18 during trading hours on Wednesday, reaching $12.80. 89,712 shares of the company were exchanged, compared to its average volume of 116,349. The firm has a market cap of $436.30 million, a PE ratio of 11.96 and a beta of 0.60. The company has a debt-to-equity ratio of 0.09, a quick ratio of 2.83 and a current ratio of 2.83. Greenlight Capital Re, Ltd. has a 1 year low of $11.56 and a 1 year high of $15.38. The stock’s fifty day moving average is $12.58 and its 200 day moving average is $13.23.

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

Institutional Trading of Greenlight Capital Re

Institutional investors and hedge funds have recently modified their holdings of the business. CWM LLC raised its stake in shares of Greenlight Capital Re by 25.7% during the 2nd quarter. CWM LLC now owns 6,149 shares of the financial services provider’s stock worth $88,000 after purchasing an additional 1,256 shares in the last quarter. Vanguard Personalized Indexing Management LLC raised its position in Greenlight Capital Re by 12.8% during the third quarter. Vanguard Personalized Indexing Management LLC now owns 11,445 shares of the financial services provider’s stock valued at $145,000 after acquiring an additional 1,296 shares in the last quarter. BNP Paribas Financial Markets lifted its stake in Greenlight Capital Re by 4.9% in the second quarter. BNP Paribas Financial Markets now owns 30,659 shares of the financial services provider’s stock valued at $441,000 after acquiring an additional 1,429 shares during the last quarter. Bank of America Corp DE increased its stake in shares of Greenlight Capital Re by 3.8% during the 2nd quarter. Bank of America Corp DE now owns 39,239 shares of the financial services provider’s stock worth $564,000 after purchasing an additional 1,451 shares during the last quarter. Finally, Tower Research Capital LLC TRC boosted its holdings in Greenlight Capital Re by 90.2% in the second quarter. Tower Research Capital LLC TRC now owns 3,431 shares of the financial services provider’s stock worth $49,000 after purchasing an additional 1,627 shares in the last quarter. Hedge funds and other institutional investors own 41.52% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings downgraded shares of Greenlight Capital Re from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Thursday, October 30th. One analyst has rated the stock with a Hold rating, According to data from MarketBeat, Greenlight Capital Re currently has an average rating of “Hold”.

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.