Greenlight Reinsurance (GLRE) Earns Daily News Impact Score of 0.08
Press coverage about Greenlight Reinsurance (NASDAQ:GLRE) has trended somewhat positive on Sunday, according to Accern. Accern rates the sentiment of media coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Greenlight Reinsurance earned a media sentiment score of 0.08 on Accern’s scale. Accern also gave news articles about the financial services provider an impact score of 46.1367335976317 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
Shares of Greenlight Reinsurance (GLRE) opened at 21.05 on Friday. Greenlight Reinsurance has a 52-week low of $19.25 and a 52-week high of $24.10. The stock has a 50 day moving average price of $21.93 and a 200-day moving average price of $21.31. The firm has a market capitalization of $786.03 million, a PE ratio of 15.09 and a beta of 0.75.
Greenlight Reinsurance (NASDAQ:GLRE) last released its earnings results on Monday, July 31st. The financial services provider reported ($0.96) earnings per share (EPS) for the quarter, beating the consensus estimate of ($1.00) by $0.04. The company had revenue of $121.48 million during the quarter, compared to analyst estimates of $139.90 million. Greenlight Reinsurance had a return on equity of 5.96% and a net margin of 8.42%. Equities analysts forecast that Greenlight Reinsurance will post $0.70 EPS for the current year.
A number of analysts have recently issued reports on GLRE shares. Zacks Investment Research cut Greenlight Reinsurance from a “buy” rating to a “hold” rating in a research report on Tuesday, September 5th. BidaskClub raised Greenlight Reinsurance from a “sell” rating to a “hold” rating in a research report on Wednesday, August 2nd. Finally, ValuEngine cut Greenlight Reinsurance from a “buy” rating to a “hold” rating in a research report on Tuesday, August 1st.
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In other news, insider Sherry Diaz sold 3,055 shares of the company’s stock in a transaction that occurred on Wednesday, August 9th. The stock was sold at an average price of $23.00, for a total value of $70,265.00. Following the completion of the transaction, the insider now directly owns 33,500 shares of the company’s stock, valued at $770,500. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Leonard R. Goldberg sold 1,754 shares of the company’s stock in a transaction that occurred on Tuesday, August 15th. The shares were sold at an average price of $22.76, for a total value of $39,921.04. Following the completion of the transaction, the director now directly owns 170,021 shares of the company’s stock, valued at $3,869,677.96. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 7,546 shares of company stock valued at $170,771. 21.81% of the stock is currently owned by corporate insiders.
About Greenlight Reinsurance
Greenlight Capital Re, Ltd. is a holding company. The Company analyzes its underwriting operations using two categories: frequency business, which is characterized as contracts containing a number of small losses emanating from multiple events, and severity business, which is characterized as contracts with the potential for significant losses emanating from one event or multiple events.
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