Greenlight Capital Re, Ltd. (NASDAQ:GLRE) Director Sells $98,865.79 in Stock

Greenlight Capital Re, Ltd. (NASDAQ:GLRE) Director Ian Isaacs sold 7,159 shares of Greenlight Capital Re stock in a transaction dated Friday, September 27th. The shares were sold at an average price of $13.81, for a total transaction of $98,865.79. Following the completion of the sale, the director now owns 86,984 shares in the company, valued at approximately $1,201,249.04. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Greenlight Capital Re Stock Performance

GLRE opened at $13.49 on Thursday. The company has a current ratio of 3.00, a quick ratio of 3.00 and a debt-to-equity ratio of 0.10. The firm’s 50-day moving average price is $13.51 and its 200 day moving average price is $12.99. Greenlight Capital Re, Ltd. has a twelve month low of $10.49 and a twelve month high of $14.31. The firm has a market capitalization of $476.48 million, a PE ratio of 4.51 and a beta of 0.86.

Greenlight Capital Re (NASDAQ:GLRE) last issued its earnings results on Tuesday, August 6th. The financial services provider reported $0.23 EPS for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.02). Greenlight Capital Re had a return on equity of 10.88% and a net margin of 9.60%. The firm had revenue of $174.86 million for the quarter.

Analyst Upgrades and Downgrades

Separately, StockNews.com lowered shares of Greenlight Capital Re from a “buy” rating to a “hold” rating in a research report on Thursday, August 15th.

Hedge Funds Weigh In On Greenlight Capital Re

Institutional investors have recently bought and sold shares of the company. Ridgewood Investments LLC purchased a new position in Greenlight Capital Re during the second quarter worth about $37,000. CWM LLC raised its stake in shares of Greenlight Capital Re by 37.3% in the 2nd quarter. CWM LLC now owns 3,702 shares of the financial services provider’s stock valued at $48,000 after acquiring an additional 1,005 shares during the period. Vanguard Personalized Indexing Management LLC purchased a new stake in shares of Greenlight Capital Re in the 2nd quarter valued at approximately $138,000. Quadrature Capital Ltd purchased a new stake in shares of Greenlight Capital Re in the 4th quarter valued at approximately $218,000. Finally, Allspring Global Investments Holdings LLC raised its stake in shares of Greenlight Capital Re by 85.7% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 20,877 shares of the financial services provider’s stock valued at $273,000 after acquiring an additional 9,633 shares during the period. 41.52% of the stock is owned by hedge funds and other institutional investors.

Greenlight Capital Re Company Profile

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.