Greenlight Capital Re, Ltd. (NASDAQ:GLRE - Get Free Report) insider Brian Joseph Oreilly sold 8,000 shares of the company's stock in a transaction dated Wednesday, March 26th. The stock was sold at an average price of $14.00, for a total transaction of $112,000.00. Following the sale, the insider now directly owns 99,330 shares of the company's stock, valued at $1,390,620. This represents a 7.45 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.
Greenlight Capital Re Price Performance
Shares of Greenlight Capital Re stock traded down $0.02 during trading on Monday, reaching $13.55. 42,934 shares of the company's stock were exchanged, compared to its average volume of 85,708. The firm's 50-day moving average price is $13.56 and its 200 day moving average price is $13.92. The company has a market cap of $468.34 million, a P/E ratio of 5.38 and a beta of 0.86. The company has a debt-to-equity ratio of 0.09, a quick ratio of 3.02 and a current ratio of 3.02. Greenlight Capital Re, Ltd. has a 1-year low of $11.93 and a 1-year high of $15.82.
Greenlight Capital Re (NASDAQ:GLRE - Get Free Report) last announced its quarterly earnings results on Monday, March 10th. The financial services provider reported ($0.81) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.59 by ($1.40). The company had revenue of $143.76 million for the quarter. Greenlight Capital Re had a return on equity of 13.95% and a net margin of 12.38%.
Institutional Inflows and Outflows
Several hedge funds have recently made changes to their positions in the business. JPMorgan Chase & Co. boosted its holdings in Greenlight Capital Re by 288.2% in the third quarter. JPMorgan Chase & Co. now owns 48,646 shares of the financial services provider's stock worth $664,000 after acquiring an additional 36,116 shares in the last quarter. Barclays PLC raised its position in shares of Greenlight Capital Re by 275.5% during the third quarter. Barclays PLC now owns 36,077 shares of the financial services provider's stock worth $493,000 after purchasing an additional 26,468 shares during the period. Wilmington Savings Fund Society FSB bought a new position in shares of Greenlight Capital Re in the 3rd quarter worth $1,188,000. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in Greenlight Capital Re in the 4th quarter valued at $367,000. Finally, Empowered Funds LLC increased its stake in Greenlight Capital Re by 62.7% during the 4th quarter. Empowered Funds LLC now owns 108,739 shares of the financial services provider's stock valued at $1,522,000 after purchasing an additional 41,887 shares in the last quarter. 41.52% of the stock is owned by institutional investors.
Wall Street Analysts Forecast Growth
Separately, StockNews.com cut shares of Greenlight Capital Re from a "buy" rating to a "hold" rating in a research note on Wednesday, March 12th.
Check Out Our Latest Stock Report on GLRE
About Greenlight Capital Re
(
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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.
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