Greenlight Capital Re, Ltd. (NASDAQ:GLRE – Get Free Report) Director Ian Isaacs sold 5,150 shares of the business’s stock in a transaction that occurred on Monday, September 28th. The shares were sold at an average price of $14.90, for a total value of $76,735.00. Following the completion of the sale, the director directly owned 37,992 shares in the company, valued at approximately $566,080.80. The trade was a 11.94% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Ian Isaacs also recently made the following trade(s):
- On Friday, September 25th, Ian Isaacs sold 10,000 shares of Greenlight Capital Re stock. The stock was sold at an average price of $14.95, for a total value of $149,500.00.
- On Monday, September 14th, Ian Isaacs sold 4,850 shares of Greenlight Capital Re stock. The shares were sold at an average price of $15.13, for a total value of $73,380.50.
- 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 value of $62,512.68.
- On Thursday, August 27th, Ian Isaacs sold 946 shares of Greenlight Capital Re stock. The shares were sold at an average price of $15.43, for a total value of $14,596.78.
Greenlight Capital Re Trading Down 0.2%
NASDAQ GLRE traded down $0.03 during trading on Tuesday, hitting $14.79. The stock had a trading volume of 43,221 shares, compared to its average volume of 167,855. The company has a quick ratio of 2.43, a current ratio of 2.43 and a debt-to-equity ratio of 0.01. The company has a market capitalization of $482.58 million, a PE ratio of 10.06 and a beta of 0.32. The firm has a 50 day moving average price of $15.61 and a 200 day moving average price of $16.49. Greenlight Capital Re, Ltd. has a twelve month low of $11.56 and a twelve month high of $19.39.
Hedge Funds Weigh In On Greenlight Capital Re
A number of institutional investors and hedge funds have recently modified their holdings of the company. Engineers Gate Manager LP increased its holdings in shares of Greenlight Capital Re by 9.1% in the 2nd quarter. Engineers Gate Manager LP now owns 20,460 shares of the financial services provider’s stock valued at $331,000 after acquiring an additional 1,705 shares during the last quarter. Wedge Capital Management L L P NC boosted its holdings in Greenlight Capital Re by 10.9% in the second quarter. Wedge Capital Management L L P NC now owns 62,951 shares of the financial services provider’s stock valued at $1,019,000 after purchasing an additional 6,178 shares in the last quarter. Bank of America Corp DE raised its holdings in Greenlight Capital Re by 14.9% during the first quarter. Bank of America Corp DE now owns 88,059 shares of the financial services provider’s stock worth $1,523,000 after purchasing an additional 11,416 shares in the last quarter. Empowered Funds LLC lifted its position in shares of Greenlight Capital Re by 9.8% during the 1st quarter. Empowered Funds LLC now owns 178,029 shares of the financial services provider’s stock worth $3,078,000 after buying an additional 15,845 shares during the last quarter. Finally, Quantinno Capital Management LP boosted its holdings in shares of Greenlight Capital Re by 65.9% in the 1st quarter. Quantinno Capital Management LP now owns 51,526 shares of the financial services provider’s stock valued at $891,000 after buying an additional 20,459 shares in the last quarter. Institutional investors and hedge funds own 41.52% of the company’s stock.
Analysts Set New Price Targets
A number of research firms have recently weighed in on GLRE. Wall Street Zen lowered Greenlight Capital Re from a “buy” rating to a “hold” rating in a research report on Sunday, June 7th. Weiss Ratings lowered Greenlight Capital Re from a “buy (b)” rating to a “hold (c+)” rating in a report on Wednesday, August 5th. Two investment analysts have rated the stock with a Hold rating, According to MarketBeat.com, the stock currently has a consensus rating of “Hold”.
View Our Latest Stock Report on GLRE
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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