Key Points
- Director Joseph Platt, Jr. sold 11,747 shares of Greenlight Capital Re on May 26 at an average price of $16.87, totaling about $198,172.
- Greenlight Capital Re stock was down about 2.5% and opened at $16.33, with a market cap of $541.67 million and a low-beta profile of 0.38.
- The company recently reported Q1 earnings of $1.05 per share, missing estimates, even though revenue of $189.66 million came in above expectations; analysts currently hold an average Buy rating.
Greenlight Capital Re, Ltd. (NASDAQ:GLRE - Get Free Report) Director Joseph Platt, Jr. sold 11,747 shares of the business's stock in a transaction that occurred on Tuesday, May 26th. The stock was sold at an average price of $16.87, for a total value of $198,171.89. The sale was disclosed in a filing with the SEC, which is available through this link.
Greenlight Capital Re Trading Down 2.5%
Shares of NASDAQ GLRE opened at $16.33 on Thursday. The business's 50 day moving average is $17.71 and its two-hundred day moving average is $15.26. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.46 and a quick ratio of 2.46. Greenlight Capital Re, Ltd. has a 1-year low of $11.56 and a 1-year high of $19.39. The stock has a market capitalization of $541.67 million, a P/E ratio of 6.89 and a beta of 0.38.
Greenlight Capital Re (NASDAQ:GLRE - Get Free Report) last issued its quarterly earnings data on Tuesday, May 5th. The financial services provider reported $1.05 earnings per share for the quarter, missing the consensus estimate of $1.25 by ($0.20). Greenlight Capital Re had a return on equity of 11.69% and a net margin of 11.47%.The company had revenue of $189.66 million for the quarter, compared to the consensus estimate of $160.88 million.
Institutional Trading of Greenlight Capital Re
Hedge funds and other institutional investors have recently made changes to their positions in the business. PNC Financial Services Group Inc. lifted its holdings 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 purchasing an additional 1,698 shares during the last quarter. Quadrant Capital Group LLC lifted its holdings in shares of Greenlight Capital Re by 7,213.6% during the 4th quarter. Quadrant Capital Group LLC now owns 3,218 shares of the financial services provider's stock valued at $47,000 after purchasing an additional 3,174 shares during the last quarter. Tower Research Capital LLC TRC lifted its holdings in shares of Greenlight Capital Re by 90.2% during the 2nd quarter. Tower Research Capital LLC TRC now owns 3,431 shares of the financial services provider's stock valued at $49,000 after purchasing an additional 1,627 shares during the last quarter. Russell Investments Group Ltd. lifted its holdings in shares of Greenlight Capital Re by 184.6% during the 3rd 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 during the last quarter. Finally, Vanguard Personalized Indexing Management LLC lifted its holdings in shares of Greenlight Capital Re by 12.8% during the 3rd quarter. Vanguard Personalized Indexing Management LLC now owns 11,445 shares of the financial services provider's stock valued at $145,000 after purchasing an additional 1,296 shares during the last quarter. Hedge funds and other institutional investors own 41.52% of the company's stock.
Wall Street Analysts Forecast Growth
GLRE has been the topic of several analyst reports. Weiss Ratings raised Greenlight Capital Re from a "hold (c)" rating to a "buy (b+)" rating in a research note on Tuesday, March 17th. Wall Street Zen cut Greenlight Capital Re from a "strong-buy" rating to a "hold" rating in a research note on Saturday, May 9th. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat, the company presently has an average rating of "Buy".
Read Our Latest Research Report on GLRE
Greenlight Capital Re Company Profile
(
Get Free Report)
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.
Featured Articles
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
