Thomas James Curnock Sells 11,500 Shares of Greenlight Capital Re, Ltd. (NASDAQ:GLRE) Stock

Key Points

• Thomas James Curnock sold 11,500 shares of Greenlight Capital Re, Ltd. at an average price of $12.93, totaling $148,695, reducing his stake by 6.01% to 179,832 shares.
• Greenlight Capital Re's stock is currently trading at $13.15 with a market cap of $449.73 million and a PE ratio of 12.29.
• The company recently reported earnings of $0.01 per share for the last quarter, beating estimates, and had a return on equity of 5.75%.

Greenlight Capital Re, Ltd. (NASDAQ:GLRE - Get Free Report) insider Thomas James Curnock sold 11,500 shares of the company's stock in a transaction that occurred on Friday, August 8th. The shares were sold at an average price of $12.93, for a total value of $148,695.00. Following the completion of the transaction, the insider directly owned 179,832 shares of the company's stock, valued at approximately $2,325,227.76. This trade represents a 6.01% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Greenlight Capital Re Stock Performance

Greenlight Capital Re stock traded up $0.15 during trading hours on Tuesday, hitting $13.15. The stock had a trading volume of 40,916 shares, compared to its average volume of 107,376. The company has a 50-day moving average of $13.83 and a two-hundred day moving average of $13.59. The company has a quick ratio of 2.83, a current ratio of 2.83 and a debt-to-equity ratio of 0.09. The company has a market cap of $449.73 million, a PE ratio of 12.29 and a beta of 0.67. Greenlight Capital Re, Ltd. has a fifty-two week low of $12.14 and a fifty-two week high of $15.82.

Greenlight Capital Re (NASDAQ:GLRE - Get Free Report) last released its quarterly earnings data on Monday, August 4th. The financial services provider reported $0.01 earnings per share for the quarter, beating the consensus estimate 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 company had revenue of $179.63 million for the quarter.

Analyst Upgrades and Downgrades

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

Institutional Investors Weigh In On Greenlight Capital Re

A number of large investors have recently bought and sold shares of the business. Bfsg LLC grew its position in Greenlight Capital Re by 11.5% during the 1st 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. PDT Partners LLC grew its position in Greenlight Capital Re by 5.1% during the 4th quarter. PDT Partners LLC now owns 22,655 shares of the financial services provider's stock worth $317,000 after acquiring an additional 1,109 shares during the last quarter. CWM LLC grew its position in Greenlight Capital Re by 25.7% during the 2nd 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. MetLife Investment Management LLC grew its position in Greenlight Capital Re by 12.5% during the 4th quarter. MetLife Investment Management LLC now owns 16,518 shares of the financial services provider's stock worth $231,000 after acquiring an additional 1,836 shares during the last quarter. Finally, Stifel Financial Corp grew its position in Greenlight Capital Re by 5.1% during the 4th quarter. Stifel Financial Corp now owns 48,495 shares of the financial services provider's stock worth $679,000 after acquiring an additional 2,360 shares during the last quarter. 41.52% of the stock is currently owned by institutional investors.

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.

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