Greenlight Capital Re, Ltd. (NASDAQ:GLRE) Insider Sells $112,000.00 in Stock

Greenlight Capital Re, Ltd. (NASDAQ:GLRE) insider Brian Joseph Oreilly sold 8,000 shares of the company’s stock in a transaction on Wednesday, March 26th. The shares were sold at an average price of $14.00, for a total transaction of $112,000.00. Following the sale, the insider now owns 99,330 shares of the company’s stock, valued at $1,390,620. This represents a 7.45 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Greenlight Capital Re Stock Performance

Shares of GLRE stock opened at $13.69 on Friday. The company has a quick ratio of 3.02, a current ratio of 3.02 and a debt-to-equity ratio of 0.09. The stock has a fifty day moving average of $13.58 and a 200 day moving average of $13.92. The firm has a market capitalization of $473.18 million, a price-to-earnings ratio of 5.43 and a beta of 0.86. Greenlight Capital Re, Ltd. has a 52 week low of $11.93 and a 52 week high of $15.82.

Greenlight Capital Re (NASDAQ:GLRE) last announced its earnings results on Monday, March 10th. The financial services provider reported ($0.81) earnings per share for the quarter, missing analysts’ consensus estimates of $0.59 by ($1.40). Greenlight Capital Re had a net margin of 12.38% and a return on equity of 13.95%. The company had revenue of $143.76 million for the quarter.

Institutional Investors Weigh In On Greenlight Capital Re

A number of hedge funds and other institutional investors have recently bought and sold shares of GLRE. Private Management Group Inc. grew its stake in shares of Greenlight Capital Re by 17.3% in the 4th quarter. Private Management Group Inc. now owns 930,479 shares of the financial services provider’s stock worth $13,027,000 after buying an additional 136,935 shares during the last quarter. Castalian Partners LLC purchased a new stake in shares of Greenlight Capital Re in the fourth quarter worth $1,698,000. Millennium Management LLC purchased a new stake in shares of Greenlight Capital Re in the fourth quarter worth $1,341,000. Wilmington Savings Fund Society FSB purchased a new position in shares of Greenlight Capital Re in the 3rd quarter worth about $1,188,000. Finally, Wells Fargo & Company MN boosted its stake in Greenlight Capital Re by 74.7% in the 4th quarter. Wells Fargo & Company MN now owns 180,581 shares of the financial services provider’s stock worth $2,528,000 after purchasing an additional 77,195 shares in the last quarter. Hedge funds and other institutional investors own 41.52% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com downgraded Greenlight Capital Re from a “buy” rating to a “hold” rating in a report on Wednesday, March 12th.

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.