Insider Selling: Greenlight Capital Re CEO Sells 2,500 Shares of Stock (GLRE)
Greenlight Capital Re (NASDAQ:GLRE) CEO Barton Hedges sold 2,500 shares of the stock in a transaction that occurred on Monday, June 16th. The stock was sold at an average price of $33.36, for a total value of $83,400.00. Following the completion of the transaction, the chief executive officer now directly owns 196,182 shares of the company’s stock, valued at approximately $6,544,632. The transaction was disclosed in a legal filing with the SEC, which is available at this link.
Shares of Greenlight Capital Re (NASDAQ:GLRE) traded up 0.06% during mid-day trading on Tuesday, hitting $33.58. 121,061 shares of the company’s stock traded hands. Greenlight Capital Re has a 1-year low of $23.40 and a 1-year high of $34.70. The stock has a 50-day moving average of $32.40 and a 200-day moving average of $32.42. The company has a market cap of $1.250 billion and a P/E ratio of 7.84.
Greenlight Capital Re (NASDAQ:GLRE) last issued its quarterly earnings data on Monday, May 5th. The company reported ($0.24) earnings per share for the quarter, missing the analysts’ consensus estimate of ($0.19) by $0.05. On average, analysts predict that Greenlight Capital Re will post $3.65 earnings per share for the current fiscal year.
Separately, 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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