Greenlight Capital Re (NASDAQ:GLRE) Director Ian Isaacs Sells 8,393 Shares

Key Points

• Ian Isaacs, a director at Greenlight Capital Re, sold 8,393 shares of the company's stock for a total of **$107,346.47**, reducing his stake by **10.55%**, which now amounts to 71,137 shares valued at approximately **$909,842.23**.
• Greenlight Capital Re reported a quarterly **earnings per share (EPS)** of **$0.01**, significantly beating analysts' expectations of **($0.35)**, with the company achieving a revenue of **$179.63 million**.
• Wall Street analysts recently downgraded Greenlight Capital Re's rating from **"buy"** to **"hold"**, indicating mixed sentiment around the stock's future performance.

Greenlight Capital Re, Ltd. (NASDAQ:GLRE - Get Free Report) Director Ian Isaacs sold 8,393 shares of Greenlight Capital Re stock in a transaction on Wednesday, September 17th. The shares were sold at an average price of $12.79, for a total value of $107,346.47. Following the sale, the director directly owned 71,137 shares of the company's stock, valued at approximately $909,842.23. This trade represents a 10.55% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Ian Isaacs also recently made the following trade(s):

• On Wednesday, June 25th, Ian Isaacs sold 13,000 shares of Greenlight Capital Re stock. The shares were sold at an average price of $14.92, for a total value of $193,960.00.

Greenlight Capital Re Stock Down 0.5%

NASDAQ GLRE traded down $0.06 on Friday, reaching $12.86. 247,065 shares of the stock traded hands, compared to its average volume of 136,350. The company has a debt-to-equity ratio of 0.09, a quick ratio of 2.83 and a current ratio of 2.83. The company has a fifty day moving average price of $12.95 and a 200-day moving average price of $13.44. The company has a market cap of $439.81 million, a price-to-earnings ratio of 12.02 and a beta of 0.63. Greenlight Capital Re, Ltd. has a 12 month low of $12.14 and a 12 month high of $15.82.

Greenlight Capital Re (NASDAQ:GLRE - Get Free Report) last issued its earnings results on Monday, August 4th. The financial services provider reported $0.01 earnings per share for the quarter, beating analysts' consensus estimates of ($0.35) by $0.36. The business had revenue of $179.63 million during the quarter. Greenlight Capital Re had a return on equity of 5.75% and a net margin of 5.37%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Tower Research Capital LLC TRC grew its stake in Greenlight Capital Re by 90.2% during the 2nd quarter. Tower Research Capital LLC TRC now owns 3,431 shares of the financial services provider's stock worth $49,000 after buying an additional 1,627 shares during the last quarter. BNP Paribas Financial Markets raised its position in Greenlight Capital Re by 4.9% during the 2nd quarter. BNP Paribas Financial Markets now owns 30,659 shares of the financial services provider's stock worth $441,000 after buying an additional 1,429 shares during the last quarter. Bridgeway Capital Management LLC raised its position in Greenlight Capital Re by 8.2% during the 2nd quarter. Bridgeway Capital Management LLC now owns 154,469 shares of the financial services provider's stock worth $2,220,000 after buying an additional 11,664 shares during the last quarter. Bank of America Corp DE grew its holdings in Greenlight Capital Re by 3.8% during the second quarter. Bank of America Corp DE now owns 39,239 shares of the financial services provider's stock worth $564,000 after acquiring an additional 1,451 shares during the period. Finally, Ameriprise Financial Inc. grew its holdings in Greenlight Capital Re by 0.3% during the second quarter. Ameriprise Financial Inc. now owns 663,297 shares of the financial services provider's stock worth $9,532,000 after acquiring an additional 2,180 shares during the period. 41.52% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, Wall Street Zen lowered Greenlight Capital Re from a "buy" rating to a "hold" rating in a research report on Saturday, July 5th.

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.