Greenlight Reinsurance, Ltd. (NASDAQ:GLRE) Director Leonard R. Goldberg sold 1,754 shares of the stock in a transaction that occurred on Tuesday, August 15th. The stock was sold at an average price of $22.76, for a total value of $39,921.04. Following the completion of the sale, the director now directly owns 170,021 shares of the company’s stock, valued at $3,869,677.96. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Shares of Greenlight Reinsurance, Ltd. (GLRE) traded down 0.22% during trading on Thursday, reaching $22.65. The company’s stock had a trading volume of 3,715 shares. The company has a market capitalization of $845.77 million, a price-to-earnings ratio of 16.24 and a beta of 0.77. Greenlight Reinsurance, Ltd. has a one year low of $19.25 and a one year high of $24.10. The firm’s 50-day moving average price is $21.65 and its 200-day moving average price is $21.54.

Greenlight Reinsurance (NASDAQ:GLRE) last announced its earnings results on Monday, July 31st. The financial services provider reported ($0.96) earnings per share for the quarter, beating analysts’ consensus estimates of ($1.00) by $0.04. The business had revenue of $121.48 million during the quarter, compared to analyst estimates of $139.90 million. Greenlight Reinsurance had a net margin of 8.42% and a return on equity of 5.96%. On average, equities analysts anticipate that Greenlight Reinsurance, Ltd. will post $0.75 earnings per share for the current year.

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Several brokerages have recently commented on GLRE. ValuEngine downgraded Greenlight Reinsurance from a “buy” rating to a “hold” rating in a research note on Tuesday, June 6th. TheStreet downgraded Greenlight Reinsurance from a “b-” rating to a “c+” rating in a research report on Tuesday, May 9th. Zacks Investment Research raised Greenlight Reinsurance from a “strong sell” rating to a “hold” rating in a research report on Wednesday, April 19th. Finally, BidaskClub downgraded Greenlight Reinsurance from a “hold” rating to a “sell” rating in a research report on Wednesday, July 19th.

Several large investors have recently modified their holdings of GLRE. Norges Bank acquired a new stake in shares of Greenlight Reinsurance during the fourth quarter worth about $6,623,000. Teachers Advisors LLC increased its position in shares of Greenlight Reinsurance by 8.6% in the fourth quarter. Teachers Advisors LLC now owns 50,254 shares of the financial services provider’s stock valued at $1,146,000 after buying an additional 3,997 shares in the last quarter. Russell Investments Group Ltd. purchased a new position in shares of Greenlight Reinsurance during the first quarter valued at $239,000. Advisory Services Network LLC purchased a new position in shares of Greenlight Reinsurance during the first quarter valued at $237,000. Finally, Usca Ria LLC increased its position in shares of Greenlight Reinsurance by 7.9% in the first quarter. Usca Ria LLC now owns 24,600 shares of the financial services provider’s stock valued at $544,000 after buying an additional 1,800 shares in the last quarter. 47.72% of the stock is owned by hedge funds and other institutional investors.

Greenlight Reinsurance Company Profile

Greenlight Capital Re, Ltd. is a holding company. The Company analyzes its underwriting operations using two categories: frequency business, which is characterized as contracts containing a number of small losses emanating from multiple events, and severity business, which is characterized as contracts with the potential for significant losses emanating from one event or multiple events.

Insider Buying and Selling by Quarter for Greenlight Reinsurance (NASDAQ:GLRE)

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