Greenlight Capital Re, Ltd. (NASDAQ:GLRE – Get Free Report) Director Leonard Goldberg purchased 6,000 shares of Greenlight Capital Re stock in a transaction dated Friday, August 7th. The shares were acquired at an average cost of $15.62 per share, for a total transaction of $93,720.00. Following the transaction, the director directly owned 30,000 shares of the company’s stock, valued at approximately $468,600. This represents a 25.00% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.
Greenlight Capital Re Trading Up 0.3%
NASDAQ GLRE opened at $15.46 on Thursday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.43 and a current ratio of 2.43. The firm has a market cap of $512.81 million, a price-to-earnings ratio of 10.52 and a beta of 0.33. The firm has a 50 day simple moving average of $16.29 and a 200-day simple moving average of $16.21. Greenlight Capital Re, Ltd. has a one year low of $11.56 and a one year high of $19.39.
Greenlight Capital Re (NASDAQ:GLRE – Get Free Report) last announced 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). 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%. Equities research analysts anticipate that Greenlight Capital Re, Ltd. will post 1.8 EPS for the current fiscal year.
Institutional Investors Weigh In On Greenlight Capital Re
Analyst Upgrades and Downgrades
Several analysts have recently issued reports on GLRE shares. Wall Street Zen cut Greenlight Capital Re from a “buy” rating to a “hold” rating in a research note on Sunday, June 7th. Weiss Ratings cut Greenlight Capital Re from a “buy (b)” rating to a “hold (c+)” rating in a research note on Wednesday, August 5th. Finally, Zacks Research raised Greenlight Capital Re to a “hold” rating in a research note on Wednesday, May 27th. Two equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the company presently has an average rating of “Hold”.
View Our Latest Research Report on GLRE
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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