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 firm’s stock in a transaction that occurred on Thursday, August 27th. The stock was sold at an average price of $15.43, for a total transaction of $14,596.78. Following the sale, the director owned 24,054 shares of the company’s stock, valued at $371,153.22. This represents a 3.78% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

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 shares were sold at an average price of $15.42, for a total value of $62,512.68.
• On Thursday, June 25th, Ian Isaacs sold 4,000 shares of Greenlight Capital Re stock. The stock was sold at an average price of $16.06, for a total value of $64,240.00.
• 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 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 shares were sold at an average price of $15.92, for a total value of $27,318.72.

Greenlight Capital Re Stock Performance

NASDAQ GLRE opened at $15.16 on Tuesday. The stock has a fifty day simple moving average of $16.19 and a 200-day simple moving average of $16.36. The company has a current ratio of 2.43, a quick ratio of 2.43 and a debt-to-equity ratio of 0.01. The stock has a market cap of $494.82 million, a PE ratio of 10.31 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.

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

Hedge Funds Weigh In On Greenlight Capital Re

Institutional investors have recently bought and sold shares of the company. PNC Financial Services Group Inc. grew its holdings in shares of Greenlight Capital Re by 3,773.3% in the first quarter. PNC Financial Services Group Inc. now owns 1,743 shares of the financial services provider’s stock valued at $30,000 after purchasing an additional 1,698 shares in the last quarter. Quadrant Capital Group LLC increased its stake in Greenlight Capital Re by 7,213.6% during the 4th quarter. Quadrant Capital Group LLC now owns 3,218 shares of the financial services provider’s stock worth $47,000 after buying an additional 3,174 shares during the period. Tower Research Capital LLC TRC lifted its holdings in Greenlight Capital Re by 90.2% during the 2nd quarter. Tower Research Capital LLC TRC now owns 3,431 shares of the financial services provider’s stock worth $49,000 after buying an additional 1,627 shares in the last quarter. Russell Investments Group Ltd. lifted its holdings in Greenlight Capital Re by 184.6% during the 3rd quarter. Russell Investments Group Ltd. now owns 4,238 shares of the financial services provider’s stock worth $54,000 after buying an additional 2,749 shares in the last quarter. Finally, California State Teachers Retirement System boosted its position in Greenlight Capital Re by 313.6% in the 2nd quarter. California State Teachers Retirement System now owns 5,857 shares of the financial services provider’s stock valued at $95,000 after buying an additional 4,441 shares during the period. 41.52% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

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.