Greenlight Capital Re (NASDAQ:GLRE) Share Price Crosses Above Two Hundred Day Moving Average - What's Next?

Shares of Greenlight Capital Re, Ltd. (NASDAQ:GLRE - Get Free Report) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $13.71 and traded as high as $14.40. Greenlight Capital Re shares last traded at $14.33, with a volume of 44,922 shares trading hands.

Wall Street Analyst Weigh In

Separately, Wall Street Zen downgraded shares of Greenlight Capital Re from a "buy" rating to a "hold" rating in a research note on Saturday.

Greenlight Capital Re Stock Performance

The company has a debt-to-equity ratio of 0.09, a current ratio of 2.90 and a quick ratio of 2.90. The company's 50-day moving average price is $14.01 and its two-hundred day moving average price is $13.71. The company has a market capitalization of $495.17 million, a price-to-earnings ratio of 11.11 and a beta of 0.66.

Greenlight Capital Re (NASDAQ:GLRE - Get Free Report) last posted its quarterly earnings data on Wednesday, May 7th. The financial services provider reported $0.86 earnings per share for the quarter, topping the consensus estimate 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 company had revenue of $247.95 million during the quarter.

Insider Buying and Selling at Greenlight Capital Re

In other news, COO Patrick O'brien sold 5,000 shares of the stock in a transaction on 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 sale, the chief operating officer directly owned 170,425 shares in the company, valued at $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 SEC, which is available through the SEC website. Also, Director Ian Isaacs sold 13,000 shares of the stock in a transaction on Wednesday, June 25th. The stock was sold at an average price of $14.92, for a total transaction of $193,960.00. Following the sale, the director owned 71,484 shares of the company's stock, valued at approximately $1,066,541.28. This trade represents a 15.39% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 25,500 shares of company stock valued at $361,160. 23.55% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Greenlight Capital Re

Large investors have recently modified their holdings of the company. CWA Asset Management Group LLC grew its holdings in Greenlight Capital Re by 88.5% in the first quarter. CWA Asset Management Group LLC now owns 677,566 shares of the financial services provider's stock worth $9,181,000 after purchasing an additional 318,047 shares during the period. Invesco Ltd. grew its holdings in Greenlight Capital Re by 284.9% in the first quarter. Invesco Ltd. now owns 233,227 shares of the financial services provider's stock worth $3,160,000 after purchasing an additional 172,639 shares during the period. Castalian Partners LLC acquired a new stake in Greenlight Capital Re in the fourth quarter worth $1,698,000. Private Management Group Inc. grew its holdings in Greenlight Capital Re by 11.2% in the first quarter. Private Management Group Inc. now owns 1,034,365 shares of the financial services provider's stock worth $14,016,000 after purchasing an additional 103,886 shares during the period. Finally, Millennium Management LLC acquired a new stake in Greenlight Capital Re in the fourth quarter worth $1,341,000. 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.