Greenlight Capital Re (GLRE) to Release Quarterly Earnings on Wednesday

Greenlight Capital Re (NASDAQ:GLRE) is set to post its quarterly earnings results after the market closes on Wednesday, May 8th. Persons interested in listening to the company’s earnings conference call can do so using this link.

Greenlight Capital Re (NASDAQ:GLRE) last announced its earnings results on Tuesday, March 5th. The financial services provider reported $0.50 earnings per share for the quarter. The firm had revenue of $143.01 million for the quarter. Greenlight Capital Re had a return on equity of 15.48% and a net margin of 13.32%.

Greenlight Capital Re Price Performance

GLRE traded up $0.08 during trading on Monday, reaching $12.55. The stock had a trading volume of 16,089 shares, compared to its average volume of 74,153. The company has a debt-to-equity ratio of 0.12, a quick ratio of 3.29 and a current ratio of 3.29. The business has a 50-day moving average of $12.24 and a 200-day moving average of $11.60. The stock has a market cap of $443.77 million, a PE ratio of 5.24 and a beta of 0.80. Greenlight Capital Re has a one year low of $9.48 and a one year high of $12.89.

Insider Transactions at Greenlight Capital Re

In other Greenlight Capital Re news, Director Ian Isaacs sold 9,019 shares of the stock in a transaction that occurred on Wednesday, March 27th. The shares were sold at an average price of $12.00, for a total value of $108,228.00. Following the completion of the sale, the director now owns 87,591 shares of the company’s stock, valued at $1,051,092. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 27.10% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com raised shares of Greenlight Capital Re from a “hold” rating to a “buy” rating in a research report on Monday, January 29th.

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.