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 business’s stock in a transaction dated Thursday, June 25th. The shares were sold at an average price of $16.06, for a total transaction of $64,240.00. Following the completion of the transaction, the director directly owned 51,191 shares of the company’s stock, valued at $822,127.46. The trade was a 7.25% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

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 stock was 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 value of $150,725.90.
• On Monday, June 22nd, Ian Isaacs sold 1,716 shares of Greenlight Capital Re stock. The shares were sold at an average price of $15.92, for a total transaction of $27,318.72.

Greenlight Capital Re Trading Up 2.9%

GLRE traded up $0.46 on Friday, reaching $16.54. 52,893 shares of the company’s stock were exchanged, compared to its average volume of 175,537. The company’s 50 day moving average is $17.03 and its 200-day moving average is $15.64. The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.46 and a current ratio of 2.46. Greenlight Capital Re, Ltd. has a twelve month low of $11.56 and a twelve month high of $19.39. The company has a market cap of $548.57 million, a price-to-earnings ratio of 6.98 and a beta of 0.33.

Greenlight Capital Re (NASDAQ:GLRE) last announced its earnings results on Tuesday, May 5th. The financial services provider reported $1.05 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.25 by ($0.20). Greenlight Capital Re had a net margin of 11.47% and a return on equity of 11.69%. The business had revenue of $189.66 million during the quarter, compared to analyst estimates of $160.88 million. Equities analysts predict that Greenlight Capital Re, Ltd. will post 1.8 earnings per share for the current year.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the company. Wall Street Zen lowered Greenlight Capital Re from a “buy” rating to a “hold” rating in a report on Sunday, June 7th. Zacks Research raised shares of Greenlight Capital Re to a “hold” rating in a research note on Wednesday, May 27th. Finally, Weiss Ratings upgraded Greenlight Capital Re from a “hold (c)” rating to a “buy (b+)” rating in a report on Tuesday, March 17th. One equities research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy”.

Institutional Trading of Greenlight Capital Re

Several hedge funds have recently added to or reduced their stakes in the business. AQR Capital Management LLC grew its holdings in Greenlight Capital Re by 61.1% in the 1st quarter. AQR Capital Management LLC now owns 44,893 shares of the financial services provider’s stock valued at $608,000 after buying an additional 17,029 shares during the last quarter. Empowered Funds LLC boosted its holdings in Greenlight Capital Re by 8.3% in the 1st quarter. Empowered Funds LLC now owns 117,805 shares of the financial services provider’s stock valued at $1,596,000 after purchasing an additional 9,066 shares during the period. Jane Street Group LLC bought a new stake in Greenlight Capital Re in the 1st quarter valued at $335,000. First Trust Advisors LP grew its position in Greenlight Capital Re by 3.2% in the 2nd quarter. First Trust Advisors LP now owns 81,531 shares of the financial services provider’s stock worth $1,172,000 after purchasing an additional 2,553 shares during the last quarter. Finally, Ameriprise Financial Inc. increased its holdings in shares of Greenlight Capital Re by 0.3% during the 2nd quarter. Ameriprise Financial Inc. now owns 663,297 shares of the financial services provider’s stock worth $9,532,000 after purchasing an additional 2,180 shares during the period. Institutional investors own 41.52% of the company’s stock.

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.