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

Greenlight Capital Re, Ltd. (NASDAQ:GLRE - Get Free Report) shares passed 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.

Analyst Ratings Changes

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

Greenlight Capital Re Stock Down 2.9%

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 capitalization of $480.73 million, a price-to-earnings ratio of 10.78 and a beta of 0.66. The stock's fifty day simple moving average is $14.01 and its two-hundred day simple moving average is $13.71.

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, beating the consensus estimate of $0.50 by $0.36. The business 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%.

Insiders Place Their Bets

In related news, COO Patrick O'brien sold 7,500 shares of the stock in a transaction on Monday, May 12th. The stock was sold at an average price of $13.48, for a total value of $101,100.00. Following the completion of the transaction, the chief operating officer owned 182,925 shares in the company, valued at $2,465,829. This trade represents a 3.94% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Ian Isaacs sold 13,000 shares of the stock in a transaction on Wednesday, June 25th. The shares were sold at an average price of $14.92, for a total value of $193,960.00. Following the completion of the transaction, the director owned 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 disclosure for this sale can be found here. Insiders sold a total of 25,500 shares of company stock worth $361,160 over the last 90 days. Insiders own 23.55% of the company's stock.

Hedge Funds Weigh In On Greenlight Capital Re

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP boosted its position in shares of Greenlight Capital Re by 0.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,112,254 shares of the financial services provider's stock worth $29,571,000 after buying an additional 18,533 shares during the period. Private Management Group Inc. boosted its position in Greenlight Capital Re by 11.2% during the 1st quarter. Private Management Group Inc. now owns 1,034,365 shares of the financial services provider's stock worth $14,016,000 after acquiring an additional 103,886 shares during the period. CWA Asset Management Group LLC grew its stake in Greenlight Capital Re by 88.5% during the 1st quarter. CWA Asset Management Group LLC now owns 677,566 shares of the financial services provider's stock valued at $9,181,000 after acquiring an additional 318,047 shares in the last quarter. Ameriprise Financial Inc. grew its stake in Greenlight Capital Re by 13.3% during the 4th quarter. Ameriprise Financial Inc. now owns 622,743 shares of the financial services provider's stock valued at $8,718,000 after acquiring an additional 73,317 shares in the last quarter. Finally, American Century Companies Inc. grew its stake in Greenlight Capital Re by 12.7% during the 1st quarter. American Century Companies Inc. now owns 529,547 shares of the financial services provider's stock valued at $7,175,000 after acquiring an additional 59,787 shares in the last quarter. Institutional investors and hedge funds 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.