Ian Isaacs Sells 4,850 Shares of Greenlight Capital Re (NASDAQ:GLRE) Stock

Greenlight Capital Re, Ltd. (NASDAQ:GLRE) Director Ian Isaacs sold 4,850 shares of the stock in a transaction on Monday, September 14th. The stock was sold at an average price of $15.13, for a total transaction of $73,380.50. Following the transaction, the director owned 53,142 shares of the company’s stock, valued at $804,038.46. The trade was a 8.36% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Ian Isaacs also recently made the following trade(s):

• On Friday, August 28th, Ian Isaacs sold 4,054 shares of Greenlight Capital Re stock. The stock was sold at an average price of $15.42, for a total value of $62,512.68.
• On Thursday, August 27th, Ian Isaacs sold 946 shares of Greenlight Capital Re stock. The stock was sold at an average price of $15.43, for a total value of $14,596.78.
• On Thursday, June 25th, Ian Isaacs sold 4,000 shares of Greenlight Capital Re stock. The stock was sold at an average price of $16.06, for a total value of $64,240.00.
• On Wednesday, June 24th, Ian Isaacs sold 5,000 shares of Greenlight Capital Re stock. The shares were sold at an average price of $16.64, for a total value of $83,200.00.
• On Tuesday, June 23rd, Ian Isaacs sold 9,230 shares of Greenlight Capital Re stock. The stock was sold at an average price of $16.33, for a total transaction of $150,725.90.
• On Monday, June 22nd, Ian Isaacs sold 1,716 shares of Greenlight Capital Re stock. The shares were sold at an average price of $15.92, for a total transaction of $27,318.72.

Greenlight Capital Re Stock Down 0.5%

Greenlight Capital Re stock opened at $15.05 on Friday. The firm has a market capitalization of $491.23 million, a PE ratio of 10.24 and a beta of 0.32. The company’s 50-day moving average is $15.86 and its 200-day moving average is $16.45. Greenlight Capital Re, Ltd. has a fifty-two week low of $11.56 and a fifty-two week high of $19.39. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.43 and a quick ratio of 2.43.

Greenlight Capital Re (NASDAQ:GLRE) last issued its earnings results on Tuesday, August 4th. The financial services provider reported ($0.89) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.35) by ($0.54). Greenlight Capital Re had a net margin of 7.47% and a return on equity of 7.28%. The firm had revenue of $137.46 million during the quarter, compared to analyst estimates of $165.31 million. Sell-side analysts anticipate that Greenlight Capital Re, Ltd. will post 1.25 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on GLRE shares. Zacks Research raised Greenlight Capital Re to a “hold” rating in a research report on Wednesday, May 27th. Weiss Ratings cut Greenlight Capital Re from a “buy (b)” rating to a “hold (c+)” rating in a research note on Wednesday, August 5th. Finally, Wall Street Zen downgraded Greenlight Capital Re from a “buy” rating to a “hold” rating in a report on Sunday, June 7th. Two investment analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, Greenlight Capital Re currently has a consensus rating of “Hold”.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. PNC Financial Services Group Inc. lifted its position in Greenlight Capital Re by 3,773.3% during the first quarter. PNC Financial Services Group Inc. now owns 1,743 shares of the financial services provider’s stock worth $30,000 after acquiring an additional 1,698 shares during the last quarter. Janney Montgomery Scott LLC increased its position in Greenlight Capital Re by 14.8% during the 1st quarter. Janney Montgomery Scott LLC now owns 17,921 shares of the financial services provider’s stock worth $310,000 after buying an additional 2,309 shares during the period. Engineers Gate Manager LP increased its position in Greenlight Capital Re by 9.1% during the 2nd quarter. Engineers Gate Manager LP now owns 20,460 shares of the financial services provider’s stock worth $331,000 after buying an additional 1,705 shares during the period. Inceptionr LLC acquired a new stake in shares of Greenlight Capital Re during the first quarter worth $369,000. Finally, Hsbc Holdings PLC acquired a new stake in shares of Greenlight Capital Re during the first quarter worth $813,000. Institutional investors and hedge funds own 41.52% of the company’s stock.

About Greenlight Capital Re

Greenlight Capital Re, Ltd. is a specialty property and casualty reinsurance company headquartered in the Cayman Islands. Through its operating subsidiaries, the company provides reinsurance capacity to insurance companies and other risk-bearing organizations, helping them manage and transfer portions of their underwriting exposure.

Its business has included customized reinsurance arrangements across property, casualty and specialty lines. These arrangements may include quota-share and excess-of-loss structures, allowing clients to address specific risks, expand underwriting capacity or manage the volatility of their insurance portfolios.

Founded in 2004, Greenlight Capital Re has operated through entities in the Cayman Islands and Ireland and has served clients in multiple international insurance markets.