Greenlight Capital Re (NASDAQ:GLRE) Stock Crosses Above 200-Day Moving Average - Should You Sell?

Greenlight Capital Re, Ltd. (NASDAQ:GLRE - Get Free Report) passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $13.74 and traded as high as $14.56. Greenlight Capital Re shares last traded at $14.41, with a volume of 103,756 shares.

Analyst Ratings Changes

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

Greenlight Capital Re Stock Performance

The company has a market cap of $497.66 million, a P/E ratio of 11.16 and a beta of 0.67. The company's 50-day moving average is $13.77 and its two-hundred day moving average is $13.73. The company has a quick ratio of 2.90, a current ratio of 2.90 and a debt-to-equity ratio of 0.09.

Greenlight Capital Re (NASDAQ:GLRE - Get Free Report) last posted its quarterly earnings results on Wednesday, May 7th. The financial services provider reported $0.86 earnings per share for the quarter, beating the consensus estimate of $0.50 by $0.36. The company had revenue of $247.95 million during the quarter. Greenlight Capital Re had a net margin of 6.33% and a return on equity of 6.99%.

Insider Activity at Greenlight Capital Re

In related news, COO Patrick O'brien sold 5,000 shares of the stock in a transaction dated Wednesday, May 14th. The shares were sold at an average price of $13.22, for a total transaction of $66,100.00. Following the completion of the transaction, the chief operating officer now owns 170,425 shares in the company, valued at approximately $2,253,018.50. This represents a 2.85% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Brian Joseph Oreilly sold 8,000 shares of the stock in a transaction dated Wednesday, March 26th. The shares were sold at an average price of $14.00, for a total transaction of $112,000.00. Following the transaction, the insider now owns 99,330 shares of the company's stock, valued at approximately $1,390,620. The trade was a 7.45% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 20,500 shares of company stock worth $279,200. 23.55% of the stock is owned by company insiders.

Hedge Funds Weigh In On Greenlight Capital Re

Several institutional investors have recently added to or reduced their stakes in the stock. CWA Asset Management Group LLC lifted its holdings in Greenlight Capital Re by 88.5% during the first quarter. CWA Asset Management Group LLC now owns 677,566 shares of the financial services provider's stock valued at $9,181,000 after purchasing an additional 318,047 shares during the last quarter. Invesco Ltd. lifted its holdings in Greenlight Capital Re by 284.9% during the first quarter. Invesco Ltd. now owns 233,227 shares of the financial services provider's stock valued at $3,160,000 after purchasing an additional 172,639 shares during the last quarter. Castalian Partners LLC purchased a new stake in Greenlight Capital Re during the fourth quarter valued at about $1,698,000. Private Management Group Inc. lifted its holdings in Greenlight Capital Re by 11.2% during the first quarter. Private Management Group Inc. now owns 1,034,365 shares of the financial services provider's stock valued at $14,016,000 after purchasing an additional 103,886 shares during the last quarter. Finally, Millennium Management LLC purchased a new stake in Greenlight Capital Re during the fourth quarter valued at about $1,341,000. Institutional investors own 41.52% of the company's stock.

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.