Greenlight Capital Re, Ltd. (NASDAQ:GLRE) Insider Brian Joseph Oreilly Sells 8,000 Shares of Stock

Greenlight Capital Re, Ltd. (NASDAQ:GLRE) insider Brian Joseph Oreilly sold 8,000 shares of the business’s stock in a transaction that occurred on Wednesday, March 26th. The stock was sold at an average price of $14.00, for a total value of $112,000.00. Following the completion of the transaction, the insider now owns 99,330 shares in the company, valued at $1,390,620. The trade was a 7.45 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Greenlight Capital Re Stock Down 0.1 %

GLRE opened at $13.69 on Friday. The company’s 50-day moving average price is $13.58 and its two-hundred day moving average price is $13.92. Greenlight Capital Re, Ltd. has a twelve month low of $11.93 and a twelve month high of $15.82. The stock has a market cap of $473.18 million, a price-to-earnings ratio of 5.43 and a beta of 0.86. The company has a quick ratio of 3.02, a current ratio of 3.02 and a debt-to-equity ratio of 0.09.

Greenlight Capital Re (NASDAQ:GLRE) last issued its earnings results on Monday, March 10th. The financial services provider reported ($0.81) earnings per share for the quarter, missing analysts’ consensus estimates of $0.59 by ($1.40). Greenlight Capital Re had a return on equity of 13.95% and a net margin of 12.38%. The business had revenue of $143.76 million for the quarter.

Institutional Trading of Greenlight Capital Re

A number of institutional investors have recently added to or reduced their stakes in the stock. R Squared Ltd purchased a new position in Greenlight Capital Re during the fourth quarter worth about $29,000. Aquatic Capital Management LLC lifted its holdings in shares of Greenlight Capital Re by 374.4% in the 4th quarter. Aquatic Capital Management LLC now owns 3,795 shares of the financial services provider’s stock worth $53,000 after acquiring an additional 2,995 shares during the last quarter. Bfsg LLC grew its holdings in shares of Greenlight Capital Re by 13.3% during the 4th quarter. Bfsg LLC now owns 7,405 shares of the financial services provider’s stock valued at $104,000 after purchasing an additional 870 shares during the last quarter. Centiva Capital LP purchased a new position in Greenlight Capital Re in the 3rd quarter worth $139,000. Finally, Janney Montgomery Scott LLC bought a new stake in Greenlight Capital Re in the fourth quarter worth $144,000. Hedge funds and other institutional investors own 41.52% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com lowered Greenlight Capital Re from a “buy” rating to a “hold” rating in a research report on Wednesday, March 12th.

Greenlight Capital Re Company Profile

Greenlight Capital Re, Ltd., through its subsidiaries, operates as a property and casualty reinsurance company worldwide. The company offers various property reinsurance products and services, including automobile physical damage, personal lines, and commercial lines. It also provides casualty reinsurance products and services comprising general liability, motor liability, professional liability, and worker's compensation; and accident and health, transactional liability, mortgage insurance, surety, trade credit, marine, and energy, as well as other specialty products, such as aviation, crop, cyber, political, and terrorism products.