Ian Isaacs Sells 1,716 Shares of Greenlight Capital Re (NASDAQ:GLRE) Stock

Greenlight Capital Re, Ltd. (NASDAQ:GLRE) Director Ian Isaacs sold 1,716 shares of Greenlight Capital Re stock in a transaction that occurred on Monday, June 22nd. The stock was sold at an average price of $15.92, for a total transaction of $27,318.72. Following the transaction, the director directly owned 69,421 shares in the company, valued at $1,105,182.32. This trade represents a 2.41% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Ian Isaacs also recently made the following trade(s):

• 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.

Greenlight Capital Re Price Performance

Shares of Greenlight Capital Re stock opened at $16.08 on Friday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.46 and a current ratio of 2.46. Greenlight Capital Re, Ltd. has a 52-week low of $11.56 and a 52-week high of $19.39. The company has a fifty day moving average of $17.03 and a 200-day moving average of $15.64. The stock has a market capitalization of $533.31 million, a price-to-earnings ratio of 6.78 and a beta of 0.33.

Greenlight Capital Re (NASDAQ:GLRE) last issued its earnings results on Tuesday, May 5th. The financial services provider reported $1.05 EPS for the quarter, missing analysts’ consensus estimates of $1.25 by ($0.20). The business had revenue of $189.66 million during the quarter, compared to analysts’ expectations of $160.88 million. Greenlight Capital Re had a return on equity of 11.69% and a net margin of 11.47%. Equities research analysts expect that Greenlight Capital Re, Ltd. will post 1.8 EPS for the current year.

Institutional Trading of Greenlight Capital Re

Several large investors have recently modified their holdings of the business. Bank of America Corp DE raised its position in Greenlight Capital Re by 14.9% during the 1st quarter. Bank of America Corp DE now owns 88,059 shares of the financial services provider’s stock valued at $1,523,000 after purchasing an additional 11,416 shares during the last quarter. Empowered Funds LLC increased its stake in shares of Greenlight Capital Re by 9.8% during the first quarter. Empowered Funds LLC now owns 178,029 shares of the financial services provider’s stock valued at $3,078,000 after buying an additional 15,845 shares during the period. Quantinno Capital Management LP increased its stake in shares of Greenlight Capital Re by 65.9% during the first quarter. Quantinno Capital Management LP now owns 51,526 shares of the financial services provider’s stock valued at $891,000 after buying an additional 20,459 shares during the period. Renaissance Technologies LLC bought a new position in shares of Greenlight Capital Re during the first quarter valued at approximately $1,343,000. Finally, Arrowstreet Capital Limited Partnership lifted its stake in Greenlight Capital Re by 64.5% in the first quarter. Arrowstreet Capital Limited Partnership now owns 127,798 shares of the financial services provider’s stock worth $2,210,000 after acquiring an additional 50,099 shares during the period. 41.52% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

GLRE has been the subject of several analyst reports. Zacks Research upgraded Greenlight Capital Re to a “hold” rating in a report on Wednesday, May 27th. Weiss Ratings upgraded shares of Greenlight Capital Re from a “hold (c)” rating to a “buy (b+)” rating in a report on Tuesday, March 17th. Finally, Wall Street Zen lowered shares of Greenlight Capital Re from a “buy” rating to a “hold” rating in a report on Sunday, June 7th. One equities research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy”.

Greenlight Capital Re Company Profile

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.