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

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 the stock in a transaction dated Wednesday, September 17th. The shares were sold at an average price of $12.79, for a total transaction of $107,346.47. Following the completion of the transaction, the director owned 71,137 shares of the company's stock, valued at $909,842.23. This represents a 10.55% decrease in their position. 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 transaction of $193,960.00.

Greenlight Capital Re Price Performance

Shares of NASDAQ GLRE traded up $0.14 during mid-day trading on Monday, reaching $13.00. 235,031 shares of the company traded hands, compared to its average volume of 144,059. The firm has a market cap of $444.60 million, a PE ratio of 12.15 and a beta of 0.63. The company has a debt-to-equity ratio of 0.09, a current ratio of 2.83 and a quick ratio of 2.83. Greenlight Capital Re, Ltd. has a fifty-two week low of $12.14 and a fifty-two week high of $15.82. The stock has a fifty day simple moving average of $12.94 and a 200-day simple moving average of $13.43.

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

Wall Street Analysts Forecast Growth

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

Institutional Trading of Greenlight Capital Re

Several institutional investors have recently made changes to their positions in GLRE. Tower Research Capital LLC TRC increased its stake in Greenlight Capital Re by 90.2% in the 2nd quarter. Tower Research Capital LLC TRC now owns 3,431 shares of the financial services provider's stock valued at $49,000 after buying an additional 1,627 shares during the period. GAMMA Investing LLC grew its holdings in shares of Greenlight Capital Re by 5,284.0% during the 1st quarter. GAMMA Investing LLC now owns 4,038 shares of the financial services provider's stock valued at $55,000 after acquiring an additional 3,963 shares in the last quarter. CWM LLC increased its stake in shares of Greenlight Capital Re by 25.7% in the second quarter. CWM LLC now owns 6,149 shares of the financial services provider's stock worth $88,000 after acquiring an additional 1,256 shares during the last quarter. Bfsg LLC increased its stake in shares of Greenlight Capital Re by 11.5% in the first quarter. Bfsg LLC now owns 8,260 shares of the financial services provider's stock worth $112,000 after acquiring an additional 855 shares during the last quarter. Finally, Bailard Inc. purchased a new stake in shares of Greenlight Capital Re during the first quarter worth $138,000. 41.52% of the stock is currently owned by institutional investors and hedge funds.

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.