Greenlight Capital Re, Ltd. (NASDAQ:GLRE) Director Ian Isaacs Sells 13,000 Shares

Greenlight Capital Re, Ltd. (NASDAQ:GLRE - Get Free Report) Director Ian Isaacs sold 13,000 shares of the business's stock in a transaction on Wednesday, June 25th. The stock was sold at an average price of $14.92, for a total value of $193,960.00. Following the transaction, the director now owns 71,484 shares of the company's stock, valued at $1,066,541.28. This trade represents a 15.39% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.

Greenlight Capital Re Price Performance

NASDAQ GLRE traded up $0.09 during trading on Thursday, reaching $14.60. 78,012 shares of the company traded hands, compared to its average volume of 97,638. The company has a debt-to-equity ratio of 0.09, a quick ratio of 2.90 and a current ratio of 2.90. The company has a market cap of $504.58 million, a price-to-earnings ratio of 11.32 and a beta of 0.67. Greenlight Capital Re, Ltd. has a 1-year low of $11.95 and a 1-year high of $15.82. The stock's 50 day moving average price is $13.86 and its two-hundred day moving average price is $13.73.

Greenlight Capital Re (NASDAQ:GLRE - Get Free Report) last released its earnings results on Wednesday, May 7th. The financial services provider reported $0.86 EPS for the quarter, topping analysts' consensus estimates of $0.50 by $0.36. Greenlight Capital Re had a net margin of 6.33% and a return on equity of 6.99%. The firm had revenue of $247.95 million during the quarter.

Hedge Funds Weigh In On Greenlight Capital Re

A number of large investors have recently added to or reduced their stakes in the company. Jane Street Group LLC bought a new position in shares of Greenlight Capital Re in the 1st quarter valued at about $335,000. Empowered Funds LLC boosted its stake in shares of Greenlight Capital Re by 8.3% in the 1st quarter. Empowered Funds LLC now owns 117,805 shares of the financial services provider's stock valued at $1,596,000 after purchasing an additional 9,066 shares in the last quarter. Jacobs Levy Equity Management Inc. bought a new position in Greenlight Capital Re in the first quarter valued at about $463,000. AQR Capital Management LLC grew its stake in shares of Greenlight Capital Re by 61.1% in the first quarter. AQR Capital Management LLC now owns 44,893 shares of the financial services provider's stock worth $608,000 after purchasing an additional 17,029 shares during the last quarter. Finally, Martingale Asset Management L P lifted its position in shares of Greenlight Capital Re by 5.0% in the 1st quarter. Martingale Asset Management L P now owns 89,138 shares of the financial services provider's stock worth $1,208,000 after purchasing an additional 4,223 shares during the period. Institutional investors own 41.52% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen upgraded Greenlight Capital Re from a "hold" rating to a "buy" rating in a research report on Friday, May 9th.

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.

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