Ian Isaacs Sells 946 Shares of Greenlight Capital Re (NASDAQ:GLRE) Stock

Greenlight Capital Re, Ltd. (NASDAQ:GLRE) Director Ian Isaacs sold 946 shares of the firm’s stock in a transaction on Thursday, August 27th. The stock was sold at an average price of $15.43, for a total value of $14,596.78. Following the transaction, the director owned 24,054 shares in the company, valued at approximately $371,153.22. This trade represents a 3.78% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

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 shares were sold at an average price of $15.42, for a total value of $62,512.68.
• On Thursday, June 25th, Ian Isaacs sold 4,000 shares of Greenlight Capital Re stock. The stock was 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 stock was 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 transaction of $27,318.72.

Greenlight Capital Re Trading Up 0.7%

Shares of Greenlight Capital Re stock opened at $15.26 on Wednesday. The company has a market capitalization of $498.09 million, a price-to-earnings ratio of 10.38 and a beta of 0.32. The company has a quick ratio of 2.43, a current ratio of 2.43 and a debt-to-equity ratio of 0.01. Greenlight Capital Re, Ltd. has a 12-month low of $11.56 and a 12-month high of $19.39. The firm’s 50-day moving average price is $16.16 and its two-hundred day moving average price is $16.37.

Greenlight Capital Re (NASDAQ:GLRE) last released its earnings results on Tuesday, August 4th. The financial services provider reported ($0.89) EPS for the quarter, missing the consensus estimate of ($0.35) by ($0.54). The firm had revenue of $137.46 million during the quarter, compared to the consensus estimate of $165.31 million. Greenlight Capital Re had a net margin of 7.47% and a return on equity of 7.28%. On average, analysts forecast that Greenlight Capital Re, Ltd. will post 1.25 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

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

Institutional Investors Weigh In On Greenlight Capital Re

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Pinnacle Associates Ltd. bought a new position in Greenlight Capital Re in the 4th quarter valued at approximately $2,480,000. Pinnacle Wealth Management Advisory Group LLC bought a new stake in shares of Greenlight Capital Re during the fourth quarter worth $2,479,000. Renaissance Technologies LLC bought a new stake in shares of Greenlight Capital Re during the first quarter worth $1,343,000. Private Management Group Inc. grew its stake in shares of Greenlight Capital Re by 25.6% during the fourth quarter. Private Management Group Inc. now owns 1,502,235 shares of the financial services provider’s stock worth $21,903,000 after buying an additional 306,468 shares during the last quarter. Finally, Hillsdale Investment Management Inc. acquired a new position in shares of Greenlight Capital Re during the first quarter worth $1,117,000. 41.52% of the stock is owned by institutional investors.

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.