Ian Isaacs Sells 7,159 Shares of Greenlight Capital Re, Ltd. (NASDAQ:GLRE) Stock

Greenlight Capital Re, Ltd. (NASDAQ:GLRE) Director Ian Isaacs sold 7,159 shares of Greenlight Capital Re stock in a transaction on Friday, September 27th. The shares were sold at an average price of $13.81, for a total value of $98,865.79. Following the sale, the director now directly owns 86,984 shares of the company’s stock, valued at approximately $1,201,249.04. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Greenlight Capital Re Price Performance

NASDAQ:GLRE opened at $13.57 on Wednesday. The firm has a market capitalization of $479.31 million, a price-to-earnings ratio of 4.54 and a beta of 0.86. Greenlight Capital Re, Ltd. has a 52-week low of $10.49 and a 52-week high of $14.31. The stock has a fifty day moving average of $13.51 and a 200 day moving average of $12.98. The company has a debt-to-equity ratio of 0.10, a quick ratio of 3.00 and a current ratio of 3.00.

Greenlight Capital Re (NASDAQ:GLRE) last posted its quarterly earnings data on Tuesday, August 6th. The financial services provider reported $0.23 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.25 by ($0.02). Greenlight Capital Re had a net margin of 9.60% and a return on equity of 10.88%. The business had revenue of $174.86 million for the quarter.

Institutional Investors Weigh In On Greenlight Capital Re

Hedge funds have recently added to or reduced their stakes in the company. Ridgewood Investments LLC bought a new stake in Greenlight Capital Re during the second quarter worth about $37,000. CWM LLC lifted its stake in Greenlight Capital Re by 37.3% during the second quarter. CWM LLC now owns 3,702 shares of the financial services provider’s stock worth $48,000 after purchasing an additional 1,005 shares during the last quarter. Vanguard Personalized Indexing Management LLC bought a new stake in Greenlight Capital Re during the second quarter worth about $138,000. Quadrature Capital Ltd bought a new stake in Greenlight Capital Re during the fourth quarter worth about $218,000. Finally, Allspring Global Investments Holdings LLC lifted its stake in Greenlight Capital Re by 85.7% during the second quarter. Allspring Global Investments Holdings LLC now owns 20,877 shares of the financial services provider’s stock worth $273,000 after purchasing an additional 9,633 shares during the last quarter. Institutional investors own 41.52% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com lowered Greenlight Capital Re from a “buy” rating to a “hold” rating in a research note on Thursday, August 15th.

Greenlight Capital Re Company Profile

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.