Greenlight Capital Re, Ltd. (NASDAQ:GLRE – Get Free Report) Director Joseph Platt, Jr. sold 6,820 shares of the business’s stock in a transaction dated Tuesday, May 12th. The shares were sold at an average price of $17.50, for a total transaction of $119,350.00. Following the sale, the director directly owned 48,180 shares of the company’s stock, valued at approximately $843,150. This represents a 12.40% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.
Greenlight Capital Re Stock Performance
Shares of NASDAQ:GLRE traded down $0.03 during trading on Thursday, reaching $17.41. 86,550 shares of the company’s stock traded hands, compared to its average volume of 177,240. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.46 and a quick ratio of 2.46. Greenlight Capital Re, Ltd. has a 12 month low of $11.56 and a 12 month high of $19.39. The company has a 50 day moving average of $17.20 and a 200-day moving average of $14.89. The stock has a market capitalization of $591.49 million, a P/E ratio of 7.35 and a beta of 0.38.
Greenlight Capital Re (NASDAQ:GLRE – Get Free Report) last announced its quarterly earnings data on Tuesday, May 5th. The financial services provider reported $1.05 earnings per share for the quarter, missing analysts’ consensus estimates of $1.25 by ($0.20). Greenlight Capital Re had a net margin of 11.47% and a return on equity of 11.69%. The business had revenue of $189.66 million for the quarter, compared to the consensus estimate of $160.88 million.
Wall Street Analyst Weigh In
Read Our Latest Analysis on Greenlight Capital Re
Institutional Trading of Greenlight Capital Re
Several large investors have recently added to or reduced their stakes in GLRE. PNC Financial Services Group Inc. increased its position in Greenlight Capital Re by 3,773.3% in the 1st quarter. PNC Financial Services Group Inc. now owns 1,743 shares of the financial services provider’s stock valued at $30,000 after acquiring an additional 1,698 shares during the period. Quadrant Capital Group LLC increased its position in Greenlight Capital Re by 7,213.6% in the 4th quarter. Quadrant Capital Group LLC now owns 3,218 shares of the financial services provider’s stock valued at $47,000 after acquiring an additional 3,174 shares during the period. Tower Research Capital LLC TRC increased its position in Greenlight Capital Re by 90.2% in the 2nd quarter. Tower Research Capital LLC TRC now owns 3,431 shares of the financial services provider’s stock valued at $49,000 after acquiring an additional 1,627 shares during the period. Russell Investments Group Ltd. increased its position in Greenlight Capital Re by 184.6% in the 3rd quarter. Russell Investments Group Ltd. now owns 4,238 shares of the financial services provider’s stock valued at $54,000 after acquiring an additional 2,749 shares during the period. Finally, Vanguard Personalized Indexing Management LLC increased its position in Greenlight Capital Re by 12.8% in the 3rd quarter. Vanguard Personalized Indexing Management LLC now owns 11,445 shares of the financial services provider’s stock valued at $145,000 after acquiring an additional 1,296 shares during the period. 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.
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