Greenlight Capital Re, Ltd. (NASDAQ:GLRE - Get Free Report) Director Ian Isaacs sold 9,019 shares of the business's stock in a transaction dated Wednesday, March 27th. The stock was sold at an average price of $12.00, for a total value of $108,228.00. Following the sale, the director now directly owns 87,591 shares of the company's stock, valued at $1,051,092. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.
Greenlight Capital Re Price Performance
Greenlight Capital Re stock opened at $12.47 on Friday. The firm has a market capitalization of $440.94 million, a P/E ratio of 5.24 and a beta of 0.82. Greenlight Capital Re, Ltd. has a 1 year low of $9.28 and a 1 year high of $12.89. The business has a 50-day moving average of $11.80 and a 200-day moving average of $11.36. The company has a current ratio of 3.29, a quick ratio of 3.29 and a debt-to-equity ratio of 0.12.
Greenlight Capital Re (NASDAQ:GLRE - Get Free Report) last posted its earnings results on Tuesday, March 5th. The financial services provider reported $0.50 earnings per share (EPS) for the quarter. The company had revenue of $143.01 million during the quarter. Greenlight Capital Re had a return on equity of 15.48% and a net margin of 13.32%.
Hedge Funds Weigh In On Greenlight Capital Re
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Several institutional investors have recently modified their holdings of GLRE. Punch & Associates Investment Management Inc. grew its position in shares of Greenlight Capital Re by 92.1% during the 3rd quarter. Punch & Associates Investment Management Inc. now owns 445,140 shares of the financial services provider's stock worth $4,781,000 after buying an additional 213,426 shares during the period. Deutsche Bank AG grew its position in shares of Greenlight Capital Re by 1,368.5% in the 1st quarter. Deutsche Bank AG now owns 160,116 shares of the financial services provider's stock valued at $1,503,000 after purchasing an additional 149,213 shares during the period. Lancaster Investment Management acquired a new position in shares of Greenlight Capital Re in the 4th quarter valued at approximately $1,256,000. Dimensional Fund Advisors LP grew its position in shares of Greenlight Capital Re by 5.8% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,902,489 shares of the financial services provider's stock valued at $21,726,000 after purchasing an additional 104,721 shares during the period. Finally, Renaissance Technologies LLC acquired a new position in shares of Greenlight Capital Re in the 1st quarter valued at approximately $601,000. 41.52% of the stock is currently owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
Separately, StockNews.com raised Greenlight Capital Re from a "hold" rating to a "buy" rating in a report on Monday, January 29th.
Check Out Our Latest Stock Report on GLRE
About Greenlight Capital Re
(
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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.
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