Greenlight Capital Re (NASDAQ:GLRE) Director Ian Isaacs Sells 946 Shares

Greenlight Capital Re, Ltd. (NASDAQ:GLRE) Director Ian Isaacs sold 946 shares of the company’s stock in a transaction dated Thursday, August 27th. The shares were sold at an average price of $15.43, for a total transaction of $14,596.78. Following the sale, the director directly owned 24,054 shares of the company’s stock, valued at $371,153.22. The trade was a 3.78% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Ian Isaacs also recently made the following trade(s):

• On Friday, August 28th, Ian Isaacs sold 4,054 shares of Greenlight Capital Re stock. The stock was sold at an average price of $15.42, for a total transaction of $62,512.68.
• On Thursday, June 25th, Ian Isaacs sold 4,000 shares of Greenlight Capital Re stock. The shares were sold at an average price of $16.06, for a total transaction of $64,240.00.
• On Wednesday, June 24th, Ian Isaacs sold 5,000 shares of Greenlight Capital Re stock. The shares were sold at an average price of $16.64, for a total transaction of $83,200.00.
• On Tuesday, June 23rd, Ian Isaacs sold 9,230 shares of Greenlight Capital Re stock. The stock was sold at an average price of $16.33, for a total transaction of $150,725.90.
• On Monday, June 22nd, Ian Isaacs sold 1,716 shares of Greenlight Capital Re stock. The stock was sold at an average price of $15.92, for a total transaction of $27,318.72.

Greenlight Capital Re Stock Performance

Shares of GLRE stock traded down $0.12 during mid-day trading on Monday, reaching $15.25. 19,467 shares of the company’s stock traded hands, compared to its average volume of 170,701. The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.43 and a current ratio of 2.43. The firm has a market capitalization of $497.76 million, a PE ratio of 10.37 and a beta of 0.33. Greenlight Capital Re, Ltd. has a 12 month low of $11.56 and a 12 month high of $19.39. The firm has a 50 day moving average price of $16.20 and a two-hundred day moving average price of $16.35.

Greenlight Capital Re (NASDAQ:GLRE) last released its earnings results on Tuesday, August 4th. The financial services provider reported ($0.89) earnings per share for the quarter, missing the consensus estimate of ($0.35) by ($0.54). Greenlight Capital Re had a net margin of 7.47% and a return on equity of 7.28%. The company had revenue of $137.46 million for the quarter, compared to analysts’ expectations of $165.31 million. On average, research analysts forecast that Greenlight Capital Re, Ltd. will post 1.25 EPS for the current year.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the company. Zacks Research upgraded Greenlight Capital Re to a “hold” rating in a research note on Wednesday, May 27th. Wall Street Zen cut shares of Greenlight Capital Re from a “buy” rating to a “hold” rating in a research note on Sunday, June 7th. Finally, Weiss Ratings downgraded shares of Greenlight Capital Re from a “buy (b)” rating to a “hold (c+)” rating in a report on Wednesday, August 5th. Two investment analysts have rated the stock with a Hold rating, According to MarketBeat.com, the stock currently has a consensus rating of “Hold”.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Private Management Group Inc. grew its holdings in Greenlight Capital Re by 25.6% during the 4th quarter. Private Management Group Inc. now owns 1,502,235 shares of the financial services provider’s stock valued at $21,903,000 after buying an additional 306,468 shares in the last quarter. Vanguard Group Inc. lifted its holdings in shares of Greenlight Capital Re by 3.5% in the third quarter. Vanguard Group Inc. now owns 1,469,818 shares of the financial services provider’s stock worth $18,667,000 after buying an additional 49,929 shares in the last quarter. Ameriprise Financial Inc. boosted its position in shares of Greenlight Capital Re by 0.3% during the second quarter. Ameriprise Financial Inc. now owns 663,297 shares of the financial services provider’s stock worth $9,532,000 after acquiring an additional 2,180 shares during the last quarter. Wells Fargo & Company MN boosted its position in shares of Greenlight Capital Re by 4.1% during the fourth quarter. Wells Fargo & Company MN now owns 340,375 shares of the financial services provider’s stock worth $4,963,000 after acquiring an additional 13,430 shares during the last quarter. Finally, Goldman Sachs Group Inc. grew its stake in Greenlight Capital Re by 73.1% during the fourth quarter. Goldman Sachs Group Inc. now owns 229,630 shares of the financial services provider’s stock valued at $3,348,000 after acquiring an additional 96,983 shares in the last quarter. 41.52% of the stock is owned by hedge funds and other institutional investors.

About Greenlight Capital Re

Greenlight Capital Re Ltd. (NASDAQ: GLRE) is a Bermuda‐incorporated reinsurer externally managed by Greenlight Capital Re Services Ltd., a subsidiary of Greenlight Capital, Inc Since its formation in 2016 and subsequent initial public offering in 2017, the company has focused on providing customized reinsurance solutions to insurers worldwide. Greenlight Capital Re operates as an independent, publicly traded entity, leveraging the investment expertise and underwriting rigor that underpin its parent’s investment platform.

The company’s core business activities encompass both treaty and facultative reinsurance across a broad spectrum of property and casualty lines.