Greenlight Capital Re (NASDAQ:GLRE) Director Sells $73,380.50 in Stock

Greenlight Capital Re, Ltd. (NASDAQ:GLRE) Director Ian Isaacs sold 4,850 shares of the firm’s stock in a transaction on 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 directly owned 53,142 shares of the company’s stock, valued at approximately $804,038.46. This trade represents a 8.36% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.

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 value of $64,240.00.
• On Wednesday, June 24th, Ian Isaacs sold 5,000 shares of Greenlight Capital Re stock. The shares were sold at an average price of $16.64, for a total value of $83,200.00.
• On Tuesday, June 23rd, Ian Isaacs sold 9,230 shares of Greenlight Capital Re stock. The shares were sold at an average price of $16.33, for a total value of $150,725.90.
• On Monday, June 22nd, Ian Isaacs sold 1,716 shares of Greenlight Capital Re stock. The stock was sold at an average price of $15.92, for a total value of $27,318.72.

Greenlight Capital Re Stock Performance

Shares of NASDAQ GLRE opened at $15.03 on Friday. 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 has a 50 day moving average price of $15.83 and a 200 day moving average price of $16.45. The stock has a market capitalization of $490.58 million, a PE ratio of 10.22 and a beta of 0.32. Greenlight Capital Re, Ltd. has a 52 week low of $11.56 and a 52 week high of $19.39.

Greenlight Capital Re (NASDAQ:GLRE) last posted its quarterly earnings results on Tuesday, August 4th. The financial services provider reported ($0.89) earnings per share 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. Analysts predict that Greenlight Capital Re, Ltd. will post 1.25 earnings per share for the current fiscal year.

Analyst Ratings Changes

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

Institutional Inflows and Outflows

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

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.