FY2028 Earnings Estimate for GLRE Issued By DOWLING & PARTN

Greenlight Capital Re, Ltd. (NASDAQ:GLRE) – Stock analysts at DOWLING & PARTN issued their FY2028 EPS estimates for shares of Greenlight Capital Re in a note issued to investors on Friday, August 14th. DOWLING & PARTN analyst A. Mottolese expects that the financial services provider will earn $1.40 per share for the year. The consensus estimate for Greenlight Capital Re’s current full-year earnings is $1.80 per share.

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

Greenlight Capital Re Stock Performance

Shares of NASDAQ GLRE opened at $15.40 on Tuesday. The stock has a 50 day moving average price of $16.31 and a 200 day moving average price of $16.26. Greenlight Capital Re has a 52 week low of $11.56 and a 52 week high of $19.39. 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 market capitalization of $502.66 million, a PE ratio of 10.48 and a beta of 0.33.

Greenlight Capital Re (NASDAQ:GLRE) last released its earnings results on Tuesday, August 4th. The financial services provider reported ($0.89) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.35) by ($0.54). Greenlight Capital Re had a net margin of 7.47% and a return on equity of 7.28%. The company had revenue of $137.46 million during the quarter, compared to analyst estimates of $165.31 million.

Insider Buying and Selling at Greenlight Capital Re

In other news, Director Ian Isaacs sold 4,000 shares of Greenlight Capital Re stock in a transaction that occurred on Thursday, June 25th. The shares were sold at an average price of $16.06, for a total value of $64,240.00. Following the completion of the sale, the director directly owned 51,191 shares in the company, valued at approximately $822,127.46. The trade was a 7.25% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Leonard R. Goldberg purchased 6,000 shares of the business’s stock in a transaction that occurred on Monday, August 10th. The stock was bought at an average price of $15.42 per share, with a total value of $92,520.00. Following the completion of the purchase, the director owned 36,000 shares of the company’s stock, valued at $555,120. This trade represents a 20.00% increase in their position. The SEC filing for this purchase provides additional information. Insiders have sold a total of 34,719 shares of company stock valued at $573,162 in the last three months. Corporate insiders own 24.67% of the company’s stock.

Hedge Funds Weigh In On Greenlight Capital Re

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. PNC Financial Services Group Inc. lifted its position in shares of Greenlight Capital Re by 3,773.3% during 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. Quadrant Capital Group LLC increased its position in shares of Greenlight Capital Re by 7,213.6% in the fourth quarter. Quadrant Capital Group LLC now owns 3,218 shares of the financial services provider’s stock worth $47,000 after purchasing an additional 3,174 shares during the period. Tower Research Capital LLC TRC increased its position in shares of 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 purchasing an additional 1,627 shares during the period. Russell Investments Group Ltd. raised its stake in Greenlight Capital Re by 184.6% in the third quarter. Russell Investments Group Ltd. now owns 4,238 shares of the financial services provider’s stock valued at $54,000 after purchasing an additional 2,749 shares in the last quarter. Finally, Squarepoint Ops LLC bought a new stake in Greenlight Capital Re during the third quarter worth about $164,000. 41.52% of the stock is owned by institutional investors and hedge funds.

About Greenlight Capital Re

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.