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Greenlight Capital Re (NASDAQ:GLRE) CEO Barton Hedges sold 15,812 shares of Greenlight Capital Re stock in a transaction that occurred on Tuesday, May 20th. The stock was sold at an average price of $31.51, for a total value of $498,236.12. Following the completion of the sale, the chief executive officer now directly owns 198,682 shares of the company’s stock, valued at approximately $6,260,470. The transaction was disclosed in a filing with the SEC, which is available at this link.

Shares of Greenlight Capital Re (NASDAQ:GLRE) traded down 0.83% on Wednesday, hitting $31.09. The stock had a trading volume of 135,291 shares. Greenlight Capital Re has a 52-week low of $23.40 and a 52-week high of $34.42. The stock’s 50-day moving average is $31.9 and its 200-day moving average is $32.29. The company has a market cap of $1.158 billion and a price-to-earnings ratio of 7.33.

Greenlight Capital Re (NASDAQ:GLRE) last released its earnings data on Monday, May 5th. The company reported ($0.24) EPS for the quarter, missing the Thomson Reuters consensus estimate of ($0.19) by $0.05. Analysts expect that Greenlight Capital Re will post $3.65 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 a “neutral” rating to an “underperform” rating in a research note on Tuesday, May 6th. They now have a $31.10 price target on the stock.

Greenlight Capital Re, Ltd. (NASDAQ:GLRE), is a holding company.

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