Greenlight Capital Re (NASDAQ:GLRE) Director Ian Isaacs Sells 4,000 Shares of Stock

Greenlight Capital Re, Ltd. (NASDAQ:GLRE) Director Ian Isaacs sold 4,000 shares of the company’s stock in a transaction on Thursday, June 25th. The stock was sold at an average price of $16.06, for a total value of $64,240.00. Following the sale, the director directly owned 51,191 shares in the company, valued at $822,127.46. This represents a 7.25% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

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

• 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 value of $83,200.00.
• On Tuesday, June 23rd, Ian Isaacs sold 9,230 shares of Greenlight Capital Re stock. The shares were sold at an average price of $16.33, for a total value 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 value of $27,318.72.

Greenlight Capital Re Stock Up 2.9%

NASDAQ:GLRE traded up $0.46 during mid-day trading on Friday, hitting $16.54. The stock had a trading volume of 52,893 shares, compared to its average volume of 175,537. The stock has a 50-day simple moving average of $17.03 and a two-hundred day simple moving average of $15.64. The company has a market capitalization of $548.57 million, a PE ratio of 6.98 and a beta of 0.33. Greenlight Capital Re, Ltd. has a twelve month low of $11.56 and a twelve month high of $19.39. The company has a current ratio of 2.46, a quick ratio of 2.46 and a debt-to-equity ratio of 0.01.

Greenlight Capital Re (NASDAQ:GLRE) last posted its quarterly earnings results on Tuesday, May 5th. The financial services provider reported $1.05 EPS for the quarter, missing the consensus estimate of $1.25 by ($0.20). Greenlight Capital Re had a return on equity of 11.69% and a net margin of 11.47%.The firm had revenue of $189.66 million for the quarter, compared to analyst estimates of $160.88 million. On average, equities research analysts anticipate that Greenlight Capital Re, Ltd. will post 1.8 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on GLRE shares. Zacks Research upgraded Greenlight Capital Re to a “hold” rating in a report on Wednesday, May 27th. Wall Street Zen downgraded Greenlight Capital Re from a “buy” rating to a “hold” rating in a report on Sunday, June 7th. Finally, Weiss Ratings upgraded Greenlight Capital Re from a “hold (c)” rating to a “buy (b+)” rating in a research report on Tuesday, March 17th. One investment analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy”.

Institutional Trading of Greenlight Capital Re

A number of institutional investors have recently added to or reduced their stakes in GLRE. Bank of America Corp DE grew its holdings in Greenlight Capital Re by 14.9% in the first quarter. Bank of America Corp DE now owns 88,059 shares of the financial services provider’s stock valued at $1,523,000 after purchasing an additional 11,416 shares during the last quarter. Empowered Funds LLC raised its position in Greenlight Capital Re by 9.8% during the first quarter. Empowered Funds LLC now owns 178,029 shares of the financial services provider’s stock worth $3,078,000 after acquiring an additional 15,845 shares during the last quarter. Quantinno Capital Management LP lifted its stake in Greenlight Capital Re by 65.9% in the 1st quarter. Quantinno Capital Management LP now owns 51,526 shares of the financial services provider’s stock valued at $891,000 after buying an additional 20,459 shares in the last quarter. Renaissance Technologies LLC acquired a new stake in Greenlight Capital Re during the 1st quarter valued at $1,343,000. Finally, Arrowstreet Capital Limited Partnership increased its position in Greenlight Capital Re by 64.5% during the first quarter. Arrowstreet Capital Limited Partnership now owns 127,798 shares of the financial services provider’s stock worth $2,210,000 after buying an additional 50,099 shares in the last quarter. Hedge funds and other institutional investors own 41.52% of the company’s stock.

Greenlight Capital Re Company Profile

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.