Patrick O’brien Sells 5,000 Shares of Greenlight Capital Re, Ltd. (NASDAQ:GLRE) Stock

Greenlight Capital Re, Ltd. (NASDAQ:GLRE) COO Patrick O’brien sold 5,000 shares of Greenlight Capital Re stock in a transaction that occurred on Wednesday, May 14th. The stock was sold at an average price of $13.22, for a total transaction of $66,100.00. Following the completion of the sale, the chief operating officer now owns 170,425 shares of the company’s stock, valued at $2,253,018.50. This trade represents a 2.85% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Patrick O’brien also recently made the following trade(s):

• On Monday, May 12th, Patrick O’brien sold 7,500 shares of Greenlight Capital Re stock. The stock was sold at an average price of $13.48, for a total transaction of $101,100.00.

Greenlight Capital Re Stock Performance

GLRE opened at $13.46 on Friday. Greenlight Capital Re, Ltd. has a 12-month low of $11.95 and a 12-month high of $15.82. The company has a current ratio of 3.02, a quick ratio of 3.02 and a debt-to-equity ratio of 0.09. The firm has a market capitalization of $465.23 million, a PE ratio of 5.34 and a beta of 0.67. The firm has a 50 day moving average of $13.29 and a two-hundred day moving average of $13.80.

Greenlight Capital Re (NASDAQ:GLRE) last posted its quarterly earnings results on Wednesday, May 7th. The financial services provider reported $0.86 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.50 by $0.36. Greenlight Capital Re had a net margin of 12.38% and a return on equity of 13.95%. The company had revenue of $247.95 million during the quarter.

Hedge Funds Weigh In On Greenlight Capital Re

A number of institutional investors have recently bought and sold shares of the business. Bfsg LLC raised its position in Greenlight Capital Re by 11.5% during the 1st quarter. Bfsg LLC now owns 8,260 shares of the financial services provider’s stock worth $112,000 after buying an additional 855 shares during the last quarter. PDT Partners LLC raised its position in Greenlight Capital Re by 5.1% during the 4th quarter. PDT Partners LLC now owns 22,655 shares of the financial services provider’s stock worth $317,000 after buying an additional 1,109 shares during the last quarter. MetLife Investment Management LLC increased its holdings in shares of Greenlight Capital Re by 12.5% during the 4th quarter. MetLife Investment Management LLC now owns 16,518 shares of the financial services provider’s stock valued at $231,000 after purchasing an additional 1,836 shares in the last quarter. SG Americas Securities LLC lifted its stake in shares of Greenlight Capital Re by 20.2% in the 4th quarter. SG Americas Securities LLC now owns 11,715 shares of the financial services provider’s stock valued at $164,000 after purchasing an additional 1,971 shares during the period. Finally, R Squared Ltd purchased a new stake in Greenlight Capital Re during the fourth quarter worth $29,000. 41.52% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded shares of Greenlight Capital Re from a “hold” rating to a “buy” rating in a research note on Friday, May 9th.

Greenlight Capital Re Company Profile

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.