Key Points
- Director Ian Isaacs sold 4,054 GLRE shares at an average price of $15.42, generating $62,512.68 and reducing his holdings by 16.85% to 20,000 shares. He has also made several other sales since June.
- Greenlight Capital Re recently reported a quarterly loss of $0.89 per share, missing the $0.35 consensus estimate, while revenue of $137.46 million fell short of expectations.
- Analyst sentiment is cautious: two analysts rate the stock “Hold,” and MarketBeat lists an average rating of “Hold.” GLRE shares opened at $15.16, versus a 52-week range of $11.56 to $19.39.
Greenlight Capital Re, Ltd. (NASDAQ:GLRE - Get Free Report) Director Ian Isaacs sold 946 shares of the firm's stock in a transaction that occurred on Thursday, August 27th. The shares were sold at an average price of $15.43, for a total transaction of $14,596.78. Following the completion of the sale, the director directly owned 24,054 shares in the company, valued at approximately $371,153.22. This trade represents a 3.78% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through 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 stock was sold at an average price of $15.42, for a total transaction 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 transaction of $64,240.00.
- On Wednesday, June 24th, Ian Isaacs sold 5,000 shares of Greenlight Capital Re stock. The shares were sold at an average price of $16.64, for a total transaction 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 transaction 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 Stock Performance
NASDAQ:GLRE opened at $15.16 on Tuesday. The firm has a market capitalization of $494.82 million, a PE ratio of 10.31 and a beta of 0.33. The business's fifty day moving average price is $16.19 and its 200 day moving average price is $16.36. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.43 and a quick ratio of 2.43. Greenlight Capital Re, Ltd. has a 12 month low of $11.56 and a 12 month high of $19.39.
Greenlight Capital Re (NASDAQ:GLRE - Get Free Report) last announced its quarterly earnings results on Tuesday, August 4th. The financial services provider reported ($0.89) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.35) by ($0.54). The business had revenue of $137.46 million for the quarter, compared to analysts' expectations of $165.31 million. Greenlight Capital Re had a return on equity of 7.28% and a net margin of 7.47%. On average, sell-side analysts anticipate that Greenlight Capital Re, Ltd. will post 1.25 earnings per share for the current fiscal year.
Wall Street Analyst Weigh In
Several equities analysts have commented on the stock. Weiss Ratings lowered shares of Greenlight Capital Re from a "buy (b)" rating to a "hold (c+)" rating in a research note on Wednesday, August 5th. Zacks Research upgraded shares of Greenlight Capital Re to a "hold" rating in a research note on Wednesday, May 27th. Finally, Wall Street Zen cut shares of Greenlight Capital Re from a "buy" rating to a "hold" rating in a research report on Sunday, June 7th. Two equities research analysts have rated the stock with a Hold rating, According to MarketBeat, the company has a consensus rating of "Hold".
Get Our Latest Stock Report on Greenlight Capital Re
Institutional Investors Weigh In On Greenlight Capital Re
A number of institutional investors and hedge funds have recently added to or reduced their stakes in GLRE. Private Management Group Inc. boosted its holdings in shares of Greenlight Capital Re by 25.6% in the fourth quarter. Private Management Group Inc. now owns 1,502,235 shares of the financial services provider's stock valued at $21,903,000 after acquiring an additional 306,468 shares during the period. Vanguard Group Inc. increased its holdings in shares of 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 valued at $18,667,000 after acquiring an additional 49,929 shares during the period. Ameriprise Financial Inc. raised its position in Greenlight Capital Re by 0.3% in 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 during the last quarter. Wells Fargo & Company MN raised its position in 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. Finally, Goldman Sachs Group Inc. boosted its stake in Greenlight Capital Re by 73.1% during the 4th quarter. Goldman Sachs Group Inc. now owns 229,630 shares of the financial services provider's stock worth $3,348,000 after purchasing an additional 96,983 shares during the period. Hedge funds and other institutional investors own 41.52% of the company's stock.
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.
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