Greenlight Capital Re (NASDAQ:GLRE) Director Sells 4,850 Shares of Stock

Greenlight Capital Re, Ltd. (NASDAQ:GLRE) Director Ian Isaacs sold 4,850 shares of the company’s stock in a transaction dated Monday, September 14th. The shares were sold at an average price of $15.13, for a total transaction of $73,380.50. Following the completion of the transaction, the director owned 53,142 shares in the company, valued at $804,038.46. This trade represents a 8.36% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available 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 stock was sold at an average price of $15.42, for a total transaction of $62,512.68.
• On Thursday, August 27th, Ian Isaacs sold 946 shares of Greenlight Capital Re stock. The stock was sold at an average price of $15.43, for a total transaction of $14,596.78.
• On Thursday, June 25th, Ian Isaacs sold 4,000 shares of Greenlight Capital Re stock. The shares were sold at an average price of $16.06, for a total transaction 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 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 transaction 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 Price Performance

Shares of GLRE stock traded up $0.01 during trading on Wednesday, hitting $15.12. The company had a trading volume of 174,774 shares, compared to its average volume of 169,255. The firm has a market capitalization of $493.52 million, a P/E ratio of 10.29 and a beta of 0.32. Greenlight Capital Re, Ltd. has a one year low of $11.56 and a one year high of $19.39. The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.43 and a current ratio of 2.43. The stock’s 50-day moving average price is $15.92 and its 200 day moving average price is $16.44.

Greenlight Capital Re (NASDAQ:GLRE) last released its earnings results 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). Greenlight Capital Re had a return on equity of 7.28% and a net margin of 7.47%.The company had revenue of $137.46 million for the quarter, compared to analyst estimates of $165.31 million. Equities analysts expect that Greenlight Capital Re, Ltd. will post 1.25 EPS for the current fiscal year.

Institutional Investors Weigh In On Greenlight Capital Re

Several hedge funds and other institutional investors have recently made changes to their positions in GLRE. PNC Financial Services Group Inc. increased its holdings in shares of Greenlight Capital Re by 3,773.3% during the first quarter. PNC Financial Services Group Inc. now owns 1,743 shares of the financial services provider’s stock worth $30,000 after buying an additional 1,698 shares in the last quarter. Janney Montgomery Scott LLC boosted its holdings in shares of Greenlight Capital Re by 14.8% during the 1st quarter. Janney Montgomery Scott LLC now owns 17,921 shares of the financial services provider’s stock valued at $310,000 after acquiring an additional 2,309 shares in the last quarter. Engineers Gate Manager LP boosted its holdings in shares of Greenlight Capital Re by 9.1% during the 2nd quarter. Engineers Gate Manager LP now owns 20,460 shares of the financial services provider’s stock valued at $331,000 after acquiring an additional 1,705 shares in the last quarter. Inceptionr LLC bought a new stake in Greenlight Capital Re during the 1st quarter worth $369,000. Finally, Hsbc Holdings PLC bought a new stake in Greenlight Capital Re during the 1st quarter worth $813,000. 41.52% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

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

About Greenlight Capital Re

Greenlight Capital Re, Ltd. is a specialty property and casualty reinsurance company headquartered in the Cayman Islands. Through its operating subsidiaries, the company provides reinsurance capacity to insurance companies and other risk-bearing organizations, helping them manage and transfer portions of their underwriting exposure.

Its business has included customized reinsurance arrangements across property, casualty and specialty lines. These arrangements may include quota-share and excess-of-loss structures, allowing clients to address specific risks, expand underwriting capacity or manage the volatility of their insurance portfolios.

Founded in 2004, Greenlight Capital Re has operated through entities in the Cayman Islands and Ireland and has served clients in multiple international insurance markets.