Leonard R. Goldberg Sells 1,754 Shares of Greenlight Reinsurance, Ltd. (GLRE) Stock

Greenlight Reinsurance, Ltd. (NASDAQ:GLRE) Director Leonard R. Goldberg sold 1,754 shares of Greenlight Reinsurance stock in a transaction on Tuesday, August 15th. The stock was sold at an average price of $22.76, for a total transaction of $39,921.04. Following the sale, the director now owns 170,021 shares of the company’s stock, valued at $3,869,677.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Greenlight Reinsurance, Ltd. (NASDAQ:GLRE) traded down 0.45% on Friday, reaching $22.20. 151,596 shares of the company were exchanged. The stock has a market capitalization of $828.97 million, a price-to-earnings ratio of 15.91 and a beta of 0.77. Greenlight Reinsurance, Ltd. has a 52 week low of $19.25 and a 52 week high of $24.10. The stock has a 50-day moving average price of $21.73 and a 200 day moving average price of $21.54.

Greenlight Reinsurance (NASDAQ:GLRE) last released its earnings results on Monday, July 31st. The financial services provider reported ($0.96) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($1.00) by $0.04. Greenlight Reinsurance had a net margin of 8.42% and a return on equity of 5.96%. The company had revenue of $121.48 million during the quarter, compared to analysts’ expectations of $139.90 million. Analysts forecast that Greenlight Reinsurance, Ltd. will post $0.75 earnings per share for the current year.

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Several hedge funds have recently added to or reduced their stakes in the company. SG Americas Securities LLC purchased a new stake in Greenlight Reinsurance during the second quarter valued at approximately $113,000. Karp Capital Management Corp purchased a new stake in Greenlight Reinsurance during the first quarter valued at approximately $213,000. UBS Asset Management Americas Inc. purchased a new stake in Greenlight Reinsurance during the first quarter valued at approximately $236,000. Advisory Services Network LLC purchased a new stake in Greenlight Reinsurance during the first quarter valued at approximately $237,000. Finally, Russell Investments Group Ltd. purchased a new stake in Greenlight Reinsurance during the first quarter valued at approximately $239,000. Institutional investors own 47.72% of the company’s stock.

GLRE has been the subject of several research reports. Zacks Investment Research upgraded shares of Greenlight Reinsurance from a “strong sell” rating to a “hold” rating in a research note on Monday, May 8th. BidaskClub downgraded shares of Greenlight Reinsurance from a “hold” rating to a “sell” rating in a research note on Wednesday, July 19th. TheStreet downgraded shares of Greenlight Reinsurance from a “b-” rating to a “c+” rating in a research note on Tuesday, May 9th. Finally, ValuEngine upgraded shares of Greenlight Reinsurance from a “hold” rating to a “buy” rating in a research note on Friday, July 7th.

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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