Insider Selling: Greenlight Capital Re, Ltd. (NASDAQ:GLRE) Director Sells 7,159 Shares of Stock

Greenlight Capital Re, Ltd. (NASDAQ:GLRE) Director Ian Isaacs sold 7,159 shares of Greenlight Capital Re stock in a transaction dated Friday, September 27th. The shares were sold at an average price of $13.81, for a total value of $98,865.79. Following the completion of the transaction, the director now owns 86,984 shares of the company’s stock, valued at approximately $1,201,249.04. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.

Greenlight Capital Re Price Performance

Shares of NASDAQ GLRE opened at $13.70 on Monday. The company has a debt-to-equity ratio of 0.10, a quick ratio of 3.00 and a current ratio of 3.00. The firm has a fifty day moving average of $13.49 and a 200 day moving average of $12.96. The firm has a market cap of $483.90 million, a PE ratio of 4.58 and a beta of 0.86. Greenlight Capital Re, Ltd. has a one year low of $10.49 and a one year high of $14.31.

Greenlight Capital Re (NASDAQ:GLRE) last released its earnings results on Tuesday, August 6th. The financial services provider reported $0.23 EPS for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.02). Greenlight Capital Re had a return on equity of 10.88% and a net margin of 9.60%. The company had revenue of $174.86 million for the quarter.

Analysts Set New Price Targets

Separately, StockNews.com lowered Greenlight Capital Re from a “buy” rating to a “hold” rating in a report on Thursday, August 15th.

Institutional Investors Weigh In On Greenlight Capital Re

Several large investors have recently bought and sold shares of GLRE. CWM LLC grew its holdings in shares of Greenlight Capital Re by 37.3% during the second quarter. CWM LLC now owns 3,702 shares of the financial services provider’s stock worth $48,000 after buying an additional 1,005 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its stake in shares of Greenlight Capital Re by 3.5% in the first quarter. Price T Rowe Associates Inc. MD now owns 38,958 shares of the financial services provider’s stock worth $486,000 after buying an additional 1,323 shares in the last quarter. BNP Paribas Financial Markets boosted its position in Greenlight Capital Re by 2.9% during the first quarter. BNP Paribas Financial Markets now owns 51,052 shares of the financial services provider’s stock worth $637,000 after acquiring an additional 1,418 shares during the last quarter. Ridgewood Investments LLC purchased a new stake in Greenlight Capital Re during the 2nd quarter valued at about $37,000. Finally, Rhumbline Advisers raised its holdings in Greenlight Capital Re by 6.8% in the 2nd quarter. Rhumbline Advisers now owns 45,874 shares of the financial services provider’s stock valued at $601,000 after acquiring an additional 2,923 shares during the last quarter. 41.52% of the stock is currently owned by hedge funds and other institutional investors.

About Greenlight Capital Re

Greenlight Capital Re, Ltd., through its subsidiaries, operates as a property and casualty reinsurance company worldwide. The company offers various property reinsurance products and services, including automobile physical damage, personal lines, and commercial lines. It also provides casualty reinsurance products and services comprising general liability, motor liability, professional liability, and worker's compensation; and accident and health, transactional liability, mortgage insurance, surety, trade credit, marine, and energy, as well as other specialty products, such as aviation, crop, cyber, political, and terrorism products.