Greenlight Capital Re, Ltd. (NASDAQ:GLRE) Director Ian Isaacs Sells 9,019 Shares

Greenlight Capital Re, Ltd. (NASDAQ:GLRE) Director Ian Isaacs sold 9,019 shares of the firm’s stock in a transaction that occurred on Wednesday, March 27th. The stock was sold at an average price of $12.00, for a total transaction of $108,228.00. Following the sale, the director now owns 87,591 shares in the company, valued at approximately $1,051,092. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Greenlight Capital Re Stock Performance

Shares of NASDAQ GLRE traded up $0.41 during midday trading on Thursday, hitting $12.47. The company’s stock had a trading volume of 187,040 shares, compared to its average volume of 83,170. The firm has a market cap of $440.94 million, a P/E ratio of 5.24 and a beta of 0.82. The firm’s fifty day moving average price is $11.80 and its 200-day moving average price is $11.36. The company has a debt-to-equity ratio of 0.12, a quick ratio of 3.29 and a current ratio of 3.29. Greenlight Capital Re, Ltd. has a 1-year low of $9.28 and a 1-year high of $12.89.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded shares of Greenlight Capital Re from a “hold” rating to a “buy” rating in a research note on Monday, January 29th.

Institutional Trading of Greenlight Capital Re

Institutional investors have recently made changes to their positions in the stock. Tower Research Capital LLC TRC lifted its holdings in shares of Greenlight Capital Re by 274.7% in the third quarter. Tower Research Capital LLC TRC now owns 2,754 shares of the financial services provider’s stock valued at $30,000 after purchasing an additional 2,019 shares in the last quarter. FMR LLC raised its holdings in shares of Greenlight Capital Re by 801.6% during the first quarter. FMR LLC now owns 3,904 shares of the financial services provider’s stock worth $37,000 after acquiring an additional 3,471 shares in the last quarter. Barclays PLC raised its stake in shares of Greenlight Capital Re by 477.2% during the 4th quarter. Barclays PLC now owns 7,019 shares of the financial services provider’s stock worth $58,000 after purchasing an additional 5,803 shares in the last quarter. Citigroup Inc. raised its position in Greenlight Capital Re by 3,428.4% during the second quarter. Citigroup Inc. now owns 7,939 shares of the financial services provider’s stock valued at $84,000 after acquiring an additional 7,714 shares in the last quarter. Finally, GSA Capital Partners LLP bought a new position in shares of Greenlight Capital Re during the 4th quarter valued at $84,000. 41.52% of the stock is owned by institutional investors and hedge funds.

About Greenlight Capital Re

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.