Greenlight Capital Re, Ltd. (GLRE) Insider Barry Brendan Sells 20,000 Shares

Greenlight Capital Re, Ltd. (NASDAQ:GLRE) insider Barry Brendan sold 20,000 shares of Greenlight Capital Re stock in a transaction dated Friday, May 11th. The stock was sold at an average price of $15.51, for a total value of $310,200.00. Following the completion of the transaction, the insider now directly owns 118,546 shares of the company’s stock, valued at $1,838,648.46. The transaction was disclosed in a document filed with the SEC, which is available at this link.

Barry Brendan also recently made the following trade(s):

  • On Tuesday, May 15th, Barry Brendan sold 25,000 shares of Greenlight Capital Re stock. The stock was sold at an average price of $15.34, for a total value of $383,500.00.

Shares of Greenlight Capital Re traded up $0.25, hitting $15.40, during mid-day trading on Thursday, MarketBeat reports. The company’s stock had a trading volume of 3,757 shares, compared to its average volume of 263,917. Greenlight Capital Re, Ltd. has a 52 week low of $15.20 and a 52 week high of $15.40. The firm has a market cap of $574.32 million, a PE ratio of -12.70 and a beta of 0.88.

Greenlight Capital Re (NASDAQ:GLRE) last posted its quarterly earnings data on Tuesday, February 20th. The financial services provider reported ($1.02) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.55) by ($0.47). Greenlight Capital Re had a negative return on equity of 23.81% and a negative net margin of 40.65%. The business had revenue of $124.54 million during the quarter, compared to the consensus estimate of $157.50 million. equities analysts forecast that Greenlight Capital Re, Ltd. will post -2.85 earnings per share for the current year.

Several research firms have recently weighed in on GLRE. BidaskClub lowered Greenlight Capital Re from a “hold” rating to a “sell” rating in a research report on Saturday, May 12th. ValuEngine raised Greenlight Capital Re from a “strong sell” rating to a “sell” rating in a research report on Thursday, May 3rd. TheStreet lowered Greenlight Capital Re from a “b-” rating to a “c+” rating in a research report on Wednesday, February 14th. Finally, UBS reissued a “buy” rating and issued a $25.00 price objective (down from $27.00) on shares of Greenlight Capital Re in a research report on Friday, February 23rd. Three investment analysts have rated the stock with a sell rating and one has given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $24.50.

Several institutional investors and hedge funds have recently modified their holdings of GLRE. Continental Advisors LLC acquired a new stake in shares of Greenlight Capital Re in the 1st quarter valued at about $5,657,000. River & Mercantile Asset Management LLP acquired a new stake in shares of Greenlight Capital Re in the 1st quarter valued at about $4,974,000. Wells Fargo & Company MN grew its stake in shares of Greenlight Capital Re by 110.3% in the 1st quarter. Wells Fargo & Company MN now owns 291,485 shares of the financial services provider’s stock valued at $4,678,000 after buying an additional 152,863 shares during the period. Dimensional Fund Advisors LP grew its stake in shares of Greenlight Capital Re by 6.1% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,285,367 shares of the financial services provider’s stock valued at $36,680,000 after buying an additional 131,632 shares during the period. Finally, Hourglass Capital LLC acquired a new stake in shares of Greenlight Capital Re in the 1st quarter valued at about $2,111,000. Institutional investors own 50.51% of the company’s stock.

Greenlight Capital Re Company Profile

Greenlight Capital Re, Ltd., through its subsidiaries, engages in the provision of property and casualty reinsurance products and services worldwide. Its frequency business comprises contracts containing small losses emanating from multiple events and enables the clients to increase their underwriting capacity; and severity business includes contracts with the potential for significant losses emanating from one event or various events.

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

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