Greenlight Capital Re, Ltd. (NASDAQ:GLRE) Director Ian Isaacs Sells 7,159 Shares

Greenlight Capital Re, Ltd. (NASDAQ:GLRE) Director Ian Isaacs sold 7,159 shares of the business’s stock in a transaction that occurred on Friday, September 27th. The shares were sold at an average price of $13.81, for a total transaction of $98,865.79. Following the completion of the sale, the director now directly owns 86,984 shares in the company, valued at $1,201,249.04. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Greenlight Capital Re Price Performance

Shares of GLRE opened at $13.49 on Thursday. Greenlight Capital Re, Ltd. has a fifty-two week low of $10.49 and a fifty-two week high of $14.31. The firm’s 50 day moving average price is $13.51 and its 200 day moving average price is $12.99. The company has a market cap of $476.48 million, a P/E ratio of 4.51 and a beta of 0.86. The company has a quick ratio of 3.00, a current ratio of 3.00 and a debt-to-equity ratio of 0.10.

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 the consensus estimate 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 business had revenue of $174.86 million for the quarter.

Institutional Investors Weigh In On Greenlight Capital Re

Several large investors have recently added to or reduced their stakes in the business. AQR Capital Management LLC increased its stake in Greenlight Capital Re by 48.1% during the 2nd quarter. AQR Capital Management LLC now owns 25,399 shares of the financial services provider’s stock worth $333,000 after buying an additional 8,246 shares during the period. Bank of Montreal Can acquired a new position in Greenlight Capital Re during the 2nd quarter worth approximately $894,000. Vanguard Personalized Indexing Management LLC acquired a new position in Greenlight Capital Re during the 2nd quarter worth approximately $138,000. Sierra Summit Advisors LLC grew its holdings in Greenlight Capital Re by 16.3% during the 2nd quarter. Sierra Summit Advisors LLC now owns 51,409 shares of the financial services provider’s stock worth $673,000 after acquiring an additional 7,191 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its holdings in Greenlight Capital Re by 2.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,040,466 shares of the financial services provider’s stock worth $26,730,000 after acquiring an additional 48,317 shares in the last quarter. 41.52% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, StockNews.com downgraded shares of Greenlight Capital Re from a “buy” rating to a “hold” rating in a research note on Thursday, August 15th.

Greenlight Capital Re Company Profile

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.