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

Greenlight Capital Re, Ltd. (NASDAQ:GLRE) Director Ian Isaacs sold 1,716 shares of the stock in a transaction 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 sale, the director owned 69,421 shares of the company’s stock, valued at approximately $1,105,182.32. This represents a 2.41% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

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 shares were sold at an average price of $16.33, for a total transaction of $150,725.90.

Greenlight Capital Re Trading Up 0.4%

GLRE traded up $0.07 during trading on Wednesday, hitting $16.52. The company’s stock had a trading volume of 174,034 shares, compared to its average volume of 176,365. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.46 and a quick ratio of 2.46. The stock has a market cap of $547.97 million, a PE ratio of 6.97 and a beta of 0.33. The firm’s 50 day moving average price is $17.07 and its 200-day moving average price is $15.62. Greenlight Capital Re, Ltd. has a twelve month low of $11.56 and a twelve month high of $19.39.

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

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the stock. Zacks Research raised shares of Greenlight Capital Re to a “hold” rating in a report on Wednesday, May 27th. Weiss Ratings raised Greenlight Capital Re from a “hold (c)” rating to a “buy (b+)” rating in a research note on Tuesday, March 17th. Finally, Wall Street Zen lowered Greenlight Capital Re from a “buy” rating to a “hold” rating in a research report on Sunday, June 7th. One research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, Greenlight Capital Re presently has an average rating of “Moderate Buy”.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Private Management Group Inc. lifted its holdings in shares of Greenlight Capital Re by 25.6% during the 4th quarter. Private Management Group Inc. now owns 1,502,235 shares of the financial services provider’s stock valued at $21,903,000 after buying an additional 306,468 shares during the last quarter. Vanguard Group Inc. lifted its stake in Greenlight Capital Re by 3.5% in the third quarter. Vanguard Group Inc. now owns 1,469,818 shares of the financial services provider’s stock valued at $18,667,000 after acquiring an additional 49,929 shares during the last quarter. CWA Asset Management Group LLC grew its position in Greenlight Capital Re by 6.9% in the fourth quarter. CWA Asset Management Group LLC now owns 977,105 shares of the financial services provider’s stock worth $14,246,000 after acquiring an additional 62,707 shares in the last quarter. Ameriprise Financial Inc. raised its holdings in shares of Greenlight Capital Re by 0.3% during the 2nd quarter. Ameriprise Financial Inc. now owns 663,297 shares of the financial services provider’s stock valued at $9,532,000 after purchasing an additional 2,180 shares in the last quarter. Finally, Wells Fargo & Company MN lifted its stake in shares of Greenlight Capital Re by 4.1% in the 4th quarter. Wells Fargo & Company MN now owns 340,375 shares of the financial services provider’s stock valued at $4,963,000 after purchasing an additional 13,430 shares during the last quarter. Hedge funds and other institutional investors own 41.52% of the company’s stock.

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.