Greenlight Capital Re, Ltd. (NASDAQ:GLRE – Get Free Report) Director Ian Isaacs sold 4,850 shares of the company’s stock in a transaction that occurred on Monday, September 14th. The shares were sold at an average price of $15.13, for a total value of $73,380.50. Following the completion of the transaction, the director directly owned 53,142 shares of the company’s stock, valued at $804,038.46. This represents a 8.36% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Ian Isaacs also recently made the following trade(s):
- On Friday, August 28th, Ian Isaacs sold 4,054 shares of Greenlight Capital Re stock. The stock was sold at an average price of $15.42, for a total transaction of $62,512.68.
- On Thursday, August 27th, Ian Isaacs sold 946 shares of Greenlight Capital Re stock. The stock was sold at an average price of $15.43, for a total transaction of $14,596.78.
- 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 transaction of $64,240.00.
- On Wednesday, June 24th, Ian Isaacs sold 5,000 shares of Greenlight Capital Re stock. The shares were sold at an average price of $16.64, for a total transaction of $83,200.00.
- On Tuesday, June 23rd, Ian Isaacs sold 9,230 shares of Greenlight Capital Re stock. The stock was 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 stock was sold at an average price of $15.92, for a total transaction of $27,318.72.
Greenlight Capital Re Trading Up 0.1%
NASDAQ GLRE traded up $0.01 on Wednesday, reaching $15.12. The company had a trading volume of 174,774 shares, compared to its average volume of 169,255. The firm has a market cap of $493.52 million, a price-to-earnings ratio of 10.29 and a beta of 0.32. Greenlight Capital Re, Ltd. has a fifty-two week low of $11.56 and a fifty-two week high of $19.39. The business has a 50 day moving average of $15.92 and a two-hundred day moving average of $16.44. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.43 and a quick ratio of 2.43.
Wall Street Analyst Weigh In
A number of research firms have weighed in on GLRE. Wall Street Zen downgraded shares of Greenlight Capital Re from a “buy” rating to a “hold” rating in a research report on Sunday, June 7th. Zacks Research raised shares of Greenlight Capital Re to a “hold” rating in a research note on Wednesday, May 27th. Finally, Weiss Ratings lowered Greenlight Capital Re from a “buy (b)” rating to a “hold (c+)” rating in a research report on Wednesday, August 5th. Two equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat, the stock currently has a consensus rating of “Hold”.
Read Our Latest Research Report on Greenlight Capital Re
Institutional Trading of Greenlight Capital Re
Hedge funds and other institutional investors have recently bought and sold shares of the business. Private Management Group Inc. grew its holdings in shares of Greenlight Capital Re by 25.6% during 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 buying an additional 306,468 shares during the last quarter. Empowered Funds LLC raised its holdings in shares of Greenlight Capital Re by 9.8% in the 1st quarter. Empowered Funds LLC now owns 178,029 shares of the financial services provider’s stock worth $3,078,000 after acquiring an additional 15,845 shares during the last quarter. Arrowstreet Capital Limited Partnership raised its holdings in shares of Greenlight Capital Re by 64.5% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 127,798 shares of the financial services provider’s stock worth $2,210,000 after acquiring an additional 50,099 shares during the last quarter. Bank of America Corp DE lifted its position in Greenlight Capital Re by 14.9% in the 1st quarter. Bank of America Corp DE now owns 88,059 shares of the financial services provider’s stock valued at $1,523,000 after acquiring an additional 11,416 shares in the last quarter. Finally, Renaissance Technologies LLC bought a new position in Greenlight Capital Re in the 1st quarter valued at about $1,343,000. Institutional investors own 41.52% of the company’s stock.
Greenlight Capital Re Company Profile
Greenlight Capital Re, Ltd. is a specialty property and casualty reinsurance company headquartered in the Cayman Islands. Through its operating subsidiaries, the company provides reinsurance capacity to insurance companies and other risk-bearing organizations, helping them manage and transfer portions of their underwriting exposure.
Its business has included customized reinsurance arrangements across property, casualty and specialty lines. These arrangements may include quota-share and excess-of-loss structures, allowing clients to address specific risks, expand underwriting capacity or manage the volatility of their insurance portfolios.
Founded in 2004, Greenlight Capital Re has operated through entities in the Cayman Islands and Ireland and has served clients in multiple international insurance markets.
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