Insider Selling: Greenlight Capital Re Director Unloads 7,742 Shares of Stock (GLRE)
Greenlight Capital Re (NASDAQ:GLRE) Director Leonard R. Goldberg sold 7,742 shares of the company’s stock in a transaction that occurred on Tuesday, February 4th. The shares were sold at an average price of $30.74, for a total value of $237,989.08. Following the completion of the transaction, the director now directly owns 140,685 shares of the company’s stock, valued at approximately $4,324,657. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Greenlight Capital Re (NASDAQ:GLRE) traded down 0.66% during mid-day trading on Wednesday, hitting $30.25. The stock had a trading volume of 185,337 shares. Greenlight Capital Re has a 1-year low of $23.40 and a 1-year high of $34.42. The stock’s 50-day moving average is $33.00 and its 200-day moving average is $30.13. The company has a market cap of $1.116 billion and a price-to-earnings ratio of 14.03.
Separately, analysts at Zacks downgraded shares of Greenlight Capital Re from an “outperform” rating to a “neutral” rating in a research note to investors on Tuesday, December 31st. They now have a $36.90 price target on the stock.
Greenlight Capital Re, Ltd. (NASDAQ:GLRE), is a holding company.
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