Brian Joseph Oreilly Sells 8,000 Shares of Greenlight Capital Re, Ltd. (NASDAQ:GLRE) Stock

Greenlight Capital Re, Ltd. (NASDAQ:GLRE) insider Brian Joseph Oreilly sold 8,000 shares of the business’s stock in a transaction dated Wednesday, March 26th. The shares were sold at an average price of $14.00, for a total value of $112,000.00. Following the sale, the insider now owns 99,330 shares of the company’s stock, valued at approximately $1,390,620. This represents a 7.45 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Greenlight Capital Re Trading Down 0.9 %

NASDAQ:GLRE opened at $13.57 on Friday. Greenlight Capital Re, Ltd. has a one year low of $11.93 and a one year high of $15.82. The business has a fifty day moving average price of $13.56 and a 200-day moving average price of $13.92. The firm has a market capitalization of $469.03 million, a price-to-earnings ratio of 5.38 and a beta of 0.86. The company has a debt-to-equity ratio of 0.09, a current ratio of 3.02 and a quick ratio of 3.02.

Greenlight Capital Re (NASDAQ:GLRE) last issued its quarterly earnings results on Monday, March 10th. The financial services provider reported ($0.81) EPS for the quarter, missing analysts’ consensus estimates of $0.59 by ($1.40). Greenlight Capital Re had a return on equity of 13.95% and a net margin of 12.38%. The company had revenue of $143.76 million during the quarter.

Wall Street Analysts Forecast Growth

Separately, StockNews.com lowered shares of Greenlight Capital Re from a “buy” rating to a “hold” rating in a research report on Wednesday, March 12th.

Institutional Investors Weigh In On Greenlight Capital Re

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. R Squared Ltd purchased a new stake in shares of Greenlight Capital Re in the fourth quarter worth $29,000. Aquatic Capital Management LLC boosted its holdings in Greenlight Capital Re by 374.4% in the 4th quarter. Aquatic Capital Management LLC now owns 3,795 shares of the financial services provider’s stock worth $53,000 after buying an additional 2,995 shares during the period. Bfsg LLC increased its stake in Greenlight Capital Re by 13.3% in the 4th quarter. Bfsg LLC now owns 7,405 shares of the financial services provider’s stock worth $104,000 after buying an additional 870 shares in the last quarter. Centiva Capital LP bought a new stake in Greenlight Capital Re during the third quarter valued at about $139,000. Finally, Janney Montgomery Scott LLC purchased a new position in shares of Greenlight Capital Re in the fourth quarter valued at about $144,000. Institutional investors own 41.52% of the company’s stock.

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.