Greenlight Capital Re (GLRE) Set to Announce Earnings on Monday

Greenlight Capital Re (NASDAQ:GLRE) is scheduled to release its earnings data after the market closes on Monday, November 4th. Parties interested in listening to the company’s conference call can do so using this link.

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

Greenlight Capital Re Stock Performance

Shares of Greenlight Capital Re stock opened at $13.50 on Friday. The firm has a market capitalization of $476.82 million, a P/E ratio of 7.11 and a beta of 0.85. Greenlight Capital Re has a 12 month low of $10.49 and a 12 month high of $14.31. The company has a current ratio of 3.00, a quick ratio of 3.00 and a debt-to-equity ratio of 0.10. The business’s fifty day simple moving average is $13.72 and its 200 day simple moving average is $13.19.

Insider Buying and Selling at Greenlight Capital Re

In related news, Director Ian Isaacs sold 7,159 shares of Greenlight Capital Re stock in a transaction dated Friday, September 27th. The stock was sold at an average price of $13.81, for a total value of $98,865.79. Following the completion of the sale, the director now owns 86,984 shares of the company’s stock, valued at approximately $1,201,249.04. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 22.79% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Separately, StockNews.com downgraded shares of Greenlight Capital Re from a “buy” rating to a “hold” rating in a research report on Thursday.

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.