Greenlight Capital Re, Ltd. (NASDAQ:GLRE – Get Free Report) Director Joseph Platt, Jr. sold 820 shares of Greenlight Capital Re stock in a transaction that occurred on Wednesday, May 13th. The stock was sold at an average price of $17.50, for a total value of $14,350.00. Following the completion of the transaction, the director owned 47,360 shares of the company’s stock, valued at approximately $828,800. This trade represents a 1.70% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link.
Greenlight Capital Re Trading Down 0.1%
Shares of Greenlight Capital Re stock traded down $0.03 on Thursday, reaching $17.41. The company had a trading volume of 86,550 shares, compared to its average volume of 177,240. The firm has a market cap of $591.49 million, a price-to-earnings ratio of 7.34 and a beta of 0.38. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.46 and a quick ratio of 2.46. The firm’s 50-day moving average price is $17.20 and its two-hundred day moving average price is $14.89. Greenlight Capital Re, Ltd. has a 1 year low of $11.56 and a 1 year high of $19.39.
Greenlight Capital Re (NASDAQ:GLRE – Get Free Report) last released its earnings results on Tuesday, May 5th. The financial services provider reported $1.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.25 by ($0.20). The firm had revenue of $189.66 million during the quarter, compared to the consensus estimate of $160.88 million. Greenlight Capital Re had a return on equity of 11.69% and a net margin of 11.47%.
Analysts Set New Price Targets
Read Our Latest Analysis on GLRE
Institutional Trading of Greenlight Capital Re
A number of large investors have recently modified their holdings of the company. 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 purchasing an additional 306,468 shares during the period. Vanguard Group Inc. boosted its holdings in shares of Greenlight Capital Re by 3.5% in the third quarter. Vanguard Group Inc. now owns 1,469,818 shares of the financial services provider’s stock valued at $18,667,000 after purchasing an additional 49,929 shares during the period. CWA Asset Management Group LLC raised its holdings in shares of Greenlight Capital Re by 6.9% in the fourth quarter. CWA Asset Management Group LLC now owns 977,105 shares of the financial services provider’s stock valued at $14,246,000 after acquiring an additional 62,707 shares in the last quarter. Ameriprise Financial Inc. raised its holdings in shares of 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 acquiring an additional 2,180 shares in the last quarter. Finally, Wells Fargo & Company MN raised its holdings in shares of Greenlight Capital Re by 4.1% in the fourth quarter. Wells Fargo & Company MN now owns 340,375 shares of the financial services provider’s stock valued at $4,963,000 after acquiring an additional 13,430 shares in the last quarter. Hedge funds and other institutional investors own 41.52% of the company’s stock.
Greenlight Capital Re Company Profile
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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