Greenlight Capital Re (NASDAQ:GLRE) Releases Quarterly Earnings Results, Beats Expectations By $0.36 EPS

Greenlight Capital Re (NASDAQ:GLRE) issued its quarterly earnings data on Monday. The financial services provider reported $1.01 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.65 by $0.36, RTT News reports. The business had revenue of $188.01 million for the quarter. Greenlight Capital Re had a return on equity of 14.21% and a net margin of 12.38%. During the same period last year, the company earned $0.39 earnings per share.

Greenlight Capital Re Price Performance

Shares of GLRE traded down $0.43 during mid-day trading on Thursday, hitting $15.05. 67,078 shares of the stock were exchanged, compared to its average volume of 83,863. The company has a market cap of $531.57 million, a PE ratio of 6.14 and a beta of 0.85. Greenlight Capital Re has a 52-week low of $10.49 and a 52-week high of $15.82. The firm has a 50-day moving average of $13.77 and a two-hundred day moving average of $13.24. The company has a debt-to-equity ratio of 0.10, a quick ratio of 3.00 and a current ratio of 3.00.

Insider Transactions at Greenlight Capital Re

In other news, Director Ian Isaacs sold 7,159 shares of the business’s stock in a transaction that occurred on Friday, September 27th. The stock was sold at an average price of $13.81, for a total transaction of $98,865.79. Following the transaction, the director now owns 86,984 shares of the company’s stock, valued at approximately $1,201,249.04. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 22.79% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com cut Greenlight Capital Re from a “buy” rating to a “hold” rating in a report on Thursday, October 31st.

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.