Thomas James Curnock Sells 9,942 Shares of Greenlight Capital Re (NASDAQ:GLRE) Stock

Greenlight Capital Re, Ltd. (NASDAQ:GLRE) insider Thomas James Curnock sold 9,942 shares of the company’s stock in a transaction on Friday, November 7th. The stock was sold at an average price of $12.58, for a total transaction of $125,070.36. Following the sale, the insider directly owned 169,890 shares in the company, valued at $2,137,216.20. This trade represents a 5.53% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link.

Greenlight Capital Re Price Performance

GLRE stock traded up $0.33 during trading on Friday, reaching $13.03. 78,193 shares of the company were exchanged, compared to its average volume of 116,229. The company has a 50-day moving average of $12.54 and a two-hundred day moving average of $13.24. Greenlight Capital Re, Ltd. has a twelve month low of $11.56 and a twelve month high of $15.38. The company has a debt-to-equity ratio of 0.09, a current ratio of 2.83 and a quick ratio of 2.83. The company has a market capitalization of $445.43 million, a price-to-earnings ratio of 12.17 and a beta of 0.60.

Greenlight Capital Re (NASDAQ:GLRE) last announced its quarterly earnings data on Monday, November 3rd. The financial services provider reported ($0.13) EPS for the quarter, missing the consensus estimate of $0.10 by ($0.23). The company had revenue of $184.38 million for the quarter. Greenlight Capital Re had a return on equity of 5.75% and a net margin of 5.37%.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in GLRE. Tower Research Capital LLC TRC lifted its position in Greenlight Capital Re by 90.2% in the second 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 during the last quarter. CWM LLC boosted its stake in shares of Greenlight Capital Re by 25.7% during the 2nd quarter. CWM LLC now owns 6,149 shares of the financial services provider’s stock worth $88,000 after purchasing an additional 1,256 shares during the period. Financial Consulate Inc. purchased a new position in Greenlight Capital Re during the 3rd quarter valued at $124,000. Bailard Inc. bought a new position in Greenlight Capital Re in the 1st quarter valued at $138,000. Finally, Vanguard Personalized Indexing Management LLC increased its stake in Greenlight Capital Re by 12.8% in the third quarter. Vanguard Personalized Indexing Management LLC now owns 11,445 shares of the financial services provider’s stock worth $145,000 after purchasing an additional 1,296 shares during the period. 41.52% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings cut Greenlight Capital Re from a “buy (b-)” rating to a “hold (c+)” rating in a report on Thursday, October 30th. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the company currently has a consensus rating of “Hold”.

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.