Key Points
- Director Joseph Platt, Jr. purchased 5,000 shares of Greenlight Capital Re on November 18 at an average price of $12.97, spending about $64,850 and now holding 5,000 shares.
- Greenlight reported a quarterly loss of ($0.13) EPS, missing the $0.10 consensus by $0.23 on $184.38 million of revenue, with a net margin of 5.37% and ROE of 5.75%.
- Weiss Ratings downgraded GLRE from "buy (b-)" to "hold (c+)"; the stock trades near $12.84 with a 52-week range of $11.56–$15.38 and a market cap of about $438 million.
Greenlight Capital Re, Ltd. (NASDAQ:GLRE - Get Free Report) Director Joseph Platt, Jr. acquired 5,000 shares of the stock in a transaction dated Tuesday, November 18th. The stock was acquired at an average cost of $12.97 per share, with a total value of $64,850.00. Following the purchase, the director owned 5,000 shares of the company's stock, valued at approximately $64,850. This trade represents a ∞ increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.
Greenlight Capital Re Stock Up 0.3%
Shares of NASDAQ:GLRE traded up $0.04 during trading on Thursday, hitting $12.84. The company's stock had a trading volume of 20,789 shares, compared to its average volume of 116,106. Greenlight Capital Re, Ltd. has a fifty-two week low of $11.56 and a fifty-two week high of $15.38. The business has a 50 day moving average price of $12.59 and a two-hundred day moving average price of $13.22. The company has a debt-to-equity ratio of 0.09, a quick ratio of 2.83 and a current ratio of 2.83. The company has a market capitalization of $437.80 million, a PE ratio of 12.00 and a beta of 0.60.
Greenlight Capital Re (NASDAQ:GLRE - Get Free Report) last issued its earnings results on Monday, November 3rd. The financial services provider reported ($0.13) earnings per share for the quarter, missing the consensus estimate of $0.10 by ($0.23). The firm had revenue of $184.38 million during the quarter. Greenlight Capital Re had a net margin of 5.37% and a return on equity of 5.75%.
Wall Street Analysts Forecast Growth
Separately, Weiss Ratings downgraded shares of Greenlight Capital Re from a "buy (b-)" rating to a "hold (c+)" rating in a research note on Thursday, October 30th. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the company has a consensus rating of "Hold".
Read Our Latest Report on GLRE
Institutional Investors Weigh In On Greenlight Capital Re
Several hedge funds have recently modified their holdings of GLRE. Vanguard Group Inc. boosted its stake in Greenlight Capital Re by 3.5% in the 3rd quarter. Vanguard Group Inc. now owns 1,469,818 shares of the financial services provider's stock worth $18,667,000 after buying an additional 49,929 shares during the last quarter. Private Management Group Inc. grew its position in Greenlight Capital Re by 12.8% in the third quarter. Private Management Group Inc. now owns 1,195,767 shares of the financial services provider's stock valued at $15,186,000 after acquiring an additional 136,041 shares in the last quarter. CWA Asset Management Group LLC lifted its holdings in Greenlight Capital Re by 5.6% in the 3rd quarter. CWA Asset Management Group LLC now owns 914,398 shares of the financial services provider's stock worth $11,613,000 after buying an additional 48,601 shares in the last quarter. Ameriprise Financial Inc. boosted its holdings in Greenlight Capital Re by 0.3% in the second 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 during the last quarter. Finally, American Century Companies Inc. boosted its stake in shares of Greenlight Capital Re by 12.7% during the 1st quarter. American Century Companies Inc. now owns 529,547 shares of the financial services provider's stock valued at $7,175,000 after buying an additional 59,787 shares during the last quarter. 41.52% of the stock is owned by institutional investors and hedge funds.
About Greenlight Capital Re
(
Get Free Report)
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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