Greenlight Capital Re, Ltd. (NASDAQ:GLRE – Get Free Report) Director Ian Isaacs sold 9,230 shares of the firm’s stock in a transaction on Tuesday, June 23rd. The stock was sold at an average price of $16.33, for a total value of $150,725.90. Following the transaction, the director owned 60,191 shares in the company, valued at $982,919.03. This trade represents a 13.30% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Ian Isaacs also recently made the following trade(s):
- On Monday, June 22nd, Ian Isaacs sold 1,716 shares of Greenlight Capital Re stock. The shares were sold at an average price of $15.92, for a total transaction of $27,318.72.
Greenlight Capital Re Stock Up 0.4%
GLRE stock opened at $16.52 on Thursday. The firm has a market cap of $547.97 million, a price-to-earnings ratio of 6.97 and a beta of 0.33. Greenlight Capital Re, Ltd. has a 1-year low of $11.56 and a 1-year high of $19.39. The firm has a fifty day moving average price of $17.07 and a two-hundred day moving average price of $15.62. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.46 and a quick ratio of 2.46.
Analyst Ratings Changes
A number of brokerages have commented on GLRE. Weiss Ratings upgraded Greenlight Capital Re from a “hold (c)” rating to a “buy (b+)” rating in a research note on Tuesday, March 17th. Zacks Research upgraded Greenlight Capital Re to a “hold” rating in a research report on Wednesday, May 27th. Finally, Wall Street Zen downgraded Greenlight Capital Re from a “buy” rating to a “hold” rating in a report on Sunday, June 7th. One analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy”.
Check Out Our Latest Stock Report on GLRE
Institutional Trading of Greenlight Capital Re
Large investors have recently modified their holdings of the company. PNC Financial Services Group Inc. boosted its stake in Greenlight Capital Re by 3,773.3% during 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 purchasing an additional 1,698 shares during the period. Quadrant Capital Group LLC increased its stake 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 valued at $47,000 after purchasing an additional 3,174 shares during the period. Tower Research Capital LLC TRC increased 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 purchasing an additional 1,627 shares during the period. Russell Investments Group Ltd. increased its stake in shares of Greenlight Capital Re by 184.6% in the third quarter. Russell Investments Group Ltd. now owns 4,238 shares of the financial services provider’s stock valued at $54,000 after purchasing an additional 2,749 shares during the period. Finally, Bfsg LLC raised its holdings in shares of Greenlight Capital Re by 31.8% during the fourth quarter. Bfsg LLC now owns 11,940 shares of the financial services provider’s stock valued at $174,000 after buying an additional 2,880 shares during the last quarter. Institutional investors and hedge funds own 41.52% of the company’s stock.
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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