Greenlight Capital Re, Ltd. (NASDAQ:GLRE – Get Free Report) Director Ian Isaacs sold 1,716 shares of the stock in a transaction that occurred on Monday, June 22nd. The stock was sold at an average price of $15.92, for a total value of $27,318.72. Following the sale, the director owned 69,421 shares in the company, valued at $1,105,182.32. The trade was a 2.41% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link.
Ian Isaacs also recently made the following trade(s):
- 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 value of $150,725.90.
Greenlight Capital Re Trading Up 0.4%
NASDAQ:GLRE traded up $0.07 on Wednesday, reaching $16.52. The company’s stock had a trading volume of 174,034 shares, compared to its average volume of 176,365. The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.46 and a current ratio of 2.46. Greenlight Capital Re, Ltd. has a 1-year low of $11.56 and a 1-year high of $19.39. The firm has a market cap of $547.97 million, a PE ratio of 6.97 and a beta of 0.33. The business’s 50-day moving average price is $17.07 and its two-hundred day moving average price is $15.62.
Institutional Inflows and Outflows
Several hedge funds have recently added to or reduced their stakes in GLRE. Private Management Group Inc. grew its stake in shares of Greenlight Capital Re by 25.6% in the fourth quarter. Private Management Group Inc. now owns 1,502,235 shares of the financial services provider’s stock worth $21,903,000 after acquiring an additional 306,468 shares in the last quarter. Vanguard Group Inc. boosted its stake in shares of Greenlight Capital Re by 3.5% in the 3rd quarter. Vanguard Group Inc. now owns 1,469,818 shares of the financial services provider’s stock valued at $18,667,000 after buying an additional 49,929 shares during the period. CWA Asset Management Group LLC grew its position in shares of Greenlight Capital Re by 6.9% during the fourth quarter. CWA Asset Management Group LLC now owns 977,105 shares of the financial services provider’s stock worth $14,246,000 after buying an additional 62,707 shares in the last quarter. Ameriprise Financial Inc. increased its stake in shares of Greenlight Capital Re by 0.3% during the second quarter. Ameriprise Financial Inc. now owns 663,297 shares of the financial services provider’s stock worth $9,532,000 after buying an additional 2,180 shares during the period. Finally, Wells Fargo & Company MN raised its holdings in Greenlight Capital Re by 4.1% in the fourth quarter. Wells Fargo & Company MN now owns 340,375 shares of the financial services provider’s stock valued at $4,963,000 after acquiring an additional 13,430 shares in the last quarter. 41.52% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
A number of equities analysts recently weighed in on GLRE shares. Weiss Ratings upgraded shares of Greenlight Capital Re from a “hold (c)” rating to a “buy (b+)” rating in a research report on Tuesday, March 17th. Wall Street Zen cut shares of Greenlight Capital Re from a “buy” rating to a “hold” rating in a research report on Sunday, June 7th. Finally, Zacks Research upgraded shares of Greenlight Capital Re to a “hold” rating in a report on Wednesday, May 27th. One analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy”.
Read Our Latest Stock Report on GLRE
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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