Greenlight Capital Re, Ltd. (NASDAQ:GLRE) Insider Brian Joseph Oreilly Sells 8,000 Shares

Greenlight Capital Re, Ltd. (NASDAQ:GLRE) insider Brian Joseph Oreilly sold 8,000 shares of the firm’s stock in a transaction dated Wednesday, March 26th. The stock was sold at an average price of $14.00, for a total transaction of $112,000.00. Following the completion of the transaction, the insider now directly owns 99,330 shares in the company, valued at $1,390,620. This represents a 7.45 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Greenlight Capital Re Stock Performance

Shares of GLRE traded up $0.07 during midday trading on Thursday, hitting $13.77. 19,004 shares of the stock traded hands, compared to its average volume of 83,473. The business’s 50 day moving average price is $13.58 and its two-hundred day moving average price is $13.92. The firm has a market capitalization of $475.77 million, a PE ratio of 5.45 and a beta of 0.86. The company has a debt-to-equity ratio of 0.09, a quick ratio of 3.02 and a current ratio of 3.02. Greenlight Capital Re, Ltd. has a 1-year low of $11.91 and a 1-year high of $15.82.

Greenlight Capital Re (NASDAQ:GLRE) last posted its earnings results on Monday, March 10th. The financial services provider reported ($0.81) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.59 by ($1.40). Greenlight Capital Re had a net margin of 12.38% and a return on equity of 13.95%. The firm had revenue of $143.76 million for the quarter.

Wall Street Analysts Forecast Growth

Separately, StockNews.com downgraded Greenlight Capital Re from a “buy” rating to a “hold” rating in a report on Wednesday, March 12th.

Institutional Trading of Greenlight Capital Re

Several hedge funds have recently added to or reduced their stakes in GLRE. R Squared Ltd bought a new position in shares of Greenlight Capital Re in the fourth quarter worth $29,000. Aquatic Capital Management LLC grew its position in Greenlight Capital Re by 374.4% in the 4th quarter. Aquatic Capital Management LLC now owns 3,795 shares of the financial services provider’s stock valued at $53,000 after buying an additional 2,995 shares in the last quarter. Bfsg LLC increased its stake in Greenlight Capital Re by 13.3% during the 4th quarter. Bfsg LLC now owns 7,405 shares of the financial services provider’s stock valued at $104,000 after buying an additional 870 shares during the period. Centiva Capital LP bought a new stake in shares of Greenlight Capital Re during the 3rd quarter worth about $139,000. Finally, Janney Montgomery Scott LLC acquired a new stake in shares of Greenlight Capital Re in the 4th quarter worth approximately $144,000. Institutional investors own 41.52% of the company’s stock.

Greenlight Capital Re Company Profile

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.