Insider Selling: Leonard R. Goldberg Sells 7,754 Shares of Greenlight Capital Re Stock (GLRE)
Greenlight Capital Re (NASDAQ:GLRE) Director Leonard R. Goldberg sold 7,754 shares of Greenlight Capital Re stock in a transaction dated Wednesday, April 16th. The shares were sold at an average price of $31.44, for a total value of $243,785.76. Following the transaction, the director now directly owns 140,685 shares in the company, valued at approximately $4,423,136. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Greenlight Capital Re (NASDAQ:GLRE) traded up 0.64% during mid-day trading on Wednesday, hitting $31.57. 172,134 shares of the company’s stock traded hands. Greenlight Capital Re has a one year low of $23.40 and a one year high of $34.42. The stock has a 50-day moving average of $32.15 and a 200-day moving average of $31.77. The company has a market cap of $1.170 billion and a P/E ratio of 5.22.
Greenlight Capital Re (NASDAQ:GLRE) last announced its earnings results on Tuesday, February 18th. The company reported $2.23 EPS for the quarter, missing the Thomson Reuters consensus estimate of $2.30 by $0.07. Analysts expect that Greenlight Capital Re will post $4.40 EPS for the current fiscal year.
GLRE has been the subject of a number of recent research reports. Analysts at Zacks downgraded shares of Greenlight Capital Re from an “outperform” rating to a “neutral” rating in a research note on Tuesday, March 11th. They now have a $36.90 price target on the stock. Analysts at EVA Dimensions upgraded shares of Greenlight Capital Re from a “sell” rating to an “overweight” rating in a research note on Tuesday, February 25th.
Greenlight Capital Re, Ltd. (NASDAQ:GLRE), is a holding company.
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