Greenlight Capital Re (NASDAQ:GLRE) Issues Quarterly Earnings Results, Beats Expectations By $0.36 EPS

Greenlight Capital Re (NASDAQ:GLRE) announced its quarterly earnings results on Monday. The financial services provider reported $1.01 EPS for the quarter, beating analysts’ consensus estimates of $0.65 by $0.36, RTT News reports. Greenlight Capital Re had a net margin of 9.60% and a return on equity of 10.88%. During the same quarter in the previous year, the company posted $0.39 EPS.

Greenlight Capital Re Stock Performance

NASDAQ:GLRE opened at $13.56 on Tuesday. The company has a market capitalization of $478.94 million, a price-to-earnings ratio of 7.14 and a beta of 0.85. The business has a 50 day moving average of $13.72 and a 200 day moving average of $13.21. The company has a debt-to-equity ratio of 0.10, a current ratio of 3.00 and a quick ratio of 3.00. Greenlight Capital Re has a 1-year low of $10.49 and a 1-year high of $14.31.

Wall Street Analysts Forecast Growth

Separately, StockNews.com lowered shares of Greenlight Capital Re from a “buy” rating to a “hold” rating in a research report on Thursday, October 31st.

Insider Activity

In other Greenlight Capital Re news, Director Ian Isaacs sold 7,159 shares of the stock in a transaction on Friday, September 27th. The shares were sold at an average price of $13.81, for a total transaction of $98,865.79. Following the completion of the sale, the director now owns 86,984 shares of the company’s stock, valued at $1,201,249.04. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 22.79% of the company’s stock.

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.