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

Greenlight Capital Re, Ltd. (NASDAQ:GLRE) insider Brian Joseph Oreilly sold 8,000 shares of the stock in a transaction dated 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 sale, the insider now owns 99,330 shares of the company’s stock, valued at $1,390,620. This trade represents a 7.45 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Greenlight Capital Re Price Performance

Shares of NASDAQ GLRE opened at $13.57 on Friday. Greenlight Capital Re, Ltd. has a fifty-two week low of $11.93 and a fifty-two week high of $15.82. The stock has a market capitalization of $469.03 million, a price-to-earnings ratio of 5.38 and a beta of 0.86. The company has a debt-to-equity ratio of 0.09, a current ratio of 3.02 and a quick ratio of 3.02. The business has a 50-day moving average of $13.56 and a 200-day moving average of $13.92.

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

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Squarepoint Ops LLC acquired a new stake in Greenlight Capital Re in the 4th quarter valued at about $186,000. Two Sigma Advisers LP lifted its position in shares of Greenlight Capital Re by 139.0% in the fourth quarter. Two Sigma Advisers LP now owns 94,900 shares of the financial services provider’s stock valued at $1,329,000 after buying an additional 55,200 shares during the last quarter. Two Sigma Investments LP boosted its stake in shares of Greenlight Capital Re by 41.3% during the 4th quarter. Two Sigma Investments LP now owns 94,212 shares of the financial services provider’s stock worth $1,319,000 after acquiring an additional 27,519 shares during the period. Millennium Management LLC acquired a new position in shares of Greenlight Capital Re during the 4th quarter worth approximately $1,341,000. Finally, D. E. Shaw & Co. Inc. raised its stake in Greenlight Capital Re by 26.8% in the 4th quarter. D. E. Shaw & Co. Inc. now owns 74,005 shares of the financial services provider’s stock valued at $1,036,000 after acquiring an additional 15,645 shares during the period. Institutional investors own 41.52% of the company’s stock.

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 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.