Greenlight Capital Re, Ltd. (NASDAQ:GLRE – Get Free Report) Director Ian Isaacs sold 5,000 shares of the stock in a transaction that occurred on Wednesday, June 24th. The shares were sold at an average price of $16.64, for a total transaction of $83,200.00. Following the completion of the sale, the director directly owned 55,191 shares of the company’s stock, valued at approximately $918,378.24. This trade represents a 8.31% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.
Ian Isaacs also recently made the following trade(s):
- On Thursday, June 25th, Ian Isaacs sold 4,000 shares of Greenlight Capital Re stock. The shares were sold at an average price of $16.06, for a total value of $64,240.00.
- 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 shares were sold at an average price of $15.92, for a total value of $27,318.72.
Greenlight Capital Re Stock Performance
Shares of GLRE stock opened at $16.73 on Friday. The firm has a 50 day moving average of $17.00 and a two-hundred day moving average of $15.65. The stock has a market capitalization of $554.93 million, a PE ratio of 7.06 and a beta of 0.33. The company has a quick ratio of 2.46, a current ratio of 2.46 and a debt-to-equity ratio of 0.01. Greenlight Capital Re, Ltd. has a 52 week low of $11.56 and a 52 week high of $19.39.
Analysts Set New Price Targets
GLRE has been the subject of a number of research analyst reports. Weiss Ratings raised Greenlight Capital Re from a “hold (c)” rating to a “buy (b+)” rating in a report on Tuesday, March 17th. Zacks Research upgraded shares of Greenlight Capital Re to a “hold” rating in a report on Wednesday, May 27th. Finally, Wall Street Zen lowered shares of Greenlight Capital Re from a “buy” rating to a “hold” rating in a research note on Sunday, June 7th. One analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, Greenlight Capital Re presently has an average rating of “Moderate Buy”.
Read Our Latest Report on Greenlight Capital Re
Institutional Trading of Greenlight Capital Re
A number of large investors have recently bought and sold shares of GLRE. PNC Financial Services Group Inc. increased its stake in Greenlight Capital Re by 3,773.3% in the first 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 period. Quadrant Capital Group LLC boosted its stake in shares of Greenlight Capital Re by 7,213.6% during the fourth quarter. Quadrant Capital Group LLC now owns 3,218 shares of the financial services provider’s stock worth $47,000 after buying an additional 3,174 shares during the period. Tower Research Capital LLC TRC boosted its stake in shares of Greenlight Capital Re by 90.2% during the second quarter. Tower Research Capital LLC TRC now owns 3,431 shares of the financial services provider’s stock worth $49,000 after buying an additional 1,627 shares during the period. Russell Investments Group Ltd. grew its holdings in shares of Greenlight Capital Re by 184.6% during the third quarter. Russell Investments Group Ltd. now owns 4,238 shares of the financial services provider’s stock worth $54,000 after buying an additional 2,749 shares during the last quarter. Finally, Bfsg LLC increased its position in Greenlight Capital Re by 31.8% in the 4th quarter. Bfsg LLC now owns 11,940 shares of the financial services provider’s stock valued at $174,000 after acquiring an additional 2,880 shares during the period. Institutional investors and hedge funds 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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