Greenlight Capital Re, Ltd. (NASDAQ:GLRE – Get Free Report) Director Leonard Goldberg purchased 6,000 shares of the business’s stock in a transaction on Monday, August 10th. The shares were bought at an average cost of $15.42 per share, for a total transaction of $92,520.00. Following the purchase, the director owned 36,000 shares of the company’s stock, valued at $555,120. This trade represents a 20.00% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available through this link.
Greenlight Capital Re Stock Up 0.5%
Shares of NASDAQ GLRE opened at $15.42 on Wednesday. The stock has a market capitalization of $511.48 million, a PE ratio of 10.49 and a beta of 0.33. The company has a quick ratio of 2.43, a current ratio of 2.43 and a debt-to-equity ratio of 0.01. The firm has a fifty day moving average of $16.28 and a 200-day moving average of $16.20. Greenlight Capital Re, Ltd. has a 52-week low of $11.56 and a 52-week high of $19.39.
Greenlight Capital Re (NASDAQ:GLRE – Get Free Report) last issued its earnings results on Tuesday, August 4th. The financial services provider reported ($0.89) earnings per share for the quarter, missing the consensus estimate of ($0.35) by ($0.54). Greenlight Capital Re had a return on equity of 7.28% and a net margin of 7.47%.The firm had revenue of $137.46 million during the quarter, compared to analysts’ expectations of $165.31 million. On average, analysts anticipate that Greenlight Capital Re, Ltd. will post 1.8 EPS for the current year.
Wall Street Analysts Forecast Growth
Read Our Latest Stock Report on Greenlight Capital Re
Institutional Trading of Greenlight Capital Re
Large investors have recently added to or reduced their stakes in the stock. PNC Financial Services Group Inc. raised its position 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 position in shares of Greenlight Capital Re by 7,213.6% in 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 grew its stake in shares of Greenlight Capital Re by 90.2% in the second quarter. Tower Research Capital LLC TRC now owns 3,431 shares of the financial services provider’s stock valued at $49,000 after buying an additional 1,627 shares in the last quarter. Russell Investments Group Ltd. raised 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 buying an additional 2,749 shares during the period. Finally, Squarepoint Ops LLC purchased a new stake in shares of Greenlight Capital Re during the 3rd quarter valued at about $164,000. 41.52% of the stock is currently owned by institutional investors and hedge funds.
About Greenlight Capital Re
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
- Five stocks we like better than Greenlight Capital Re
- Atlassian Just Pulled Off the Software Comeback Wall Street Wanted
- AST SpaceMobile Earnings Just Reminded Investors How Risky Space Can Be
- NVIDIA’s Rally Sets Up a Bigger Test Ahead of Earnings
- Apple’s Next iPhone Could Test How Much Pricing Power Is Left
Receive News & Ratings for Greenlight Capital Re Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Greenlight Capital Re and related companies with MarketBeat.com's FREE daily email newsletter.
