Insider Selling: Leonard R. Goldberg Sells 8,033 Shares of Greenlight Capital Re Stock (GLRE)
Greenlight Capital Re (NASDAQ:GLRE) Director Leonard R. Goldberg sold 8,033 shares of the company’s stock on the open market in a transaction dated Wednesday, June 18th. The stock was sold at an average price of $33.41, for a total transaction of $268,382.53. Following the completion of the transaction, the director now directly owns 143,923 shares in the company, valued at approximately $4,808,467. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
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 (NASDAQ:GLRE) traded down 0.65% during mid-day trading on Thursday, hitting $33.51. 59,685 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 $34.70. The stock’s 50-day moving average is $32.55 and its 200-day moving average is $32.44. The company has a market cap of $1.248 billion and a P/E ratio of 7.88.
Greenlight Capital Re (NASDAQ:GLRE) last announced its earnings results 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.
Greenlight Capital Re, Ltd. (NASDAQ:GLRE), is a holding company.
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