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 on Wednesday, March 27th. The stock was sold at an average price of $12.00, for a total value of $108,228.00. Following the completion of the sale, the director now directly owns 87,591 shares of the company’s stock, valued at approximately $1,051,092. The transaction was disclosed in a document filed with the SEC, which is available through this link.

Greenlight Capital Re Stock Performance

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

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. Punch & Associates Investment Management Inc. raised its stake in shares of Greenlight Capital Re by 92.1% during the 3rd quarter. Punch & Associates Investment Management Inc. now owns 445,140 shares of the financial services provider’s stock worth $4,781,000 after buying an additional 213,426 shares during the period. Deutsche Bank AG grew its holdings in shares of Greenlight Capital Re by 1,368.5% during the first quarter. Deutsche Bank AG now owns 160,116 shares of the financial services provider’s stock worth $1,503,000 after buying an additional 149,213 shares in the last quarter. Lancaster Investment Management acquired a new stake in shares of Greenlight Capital Re in the fourth quarter valued at about $1,256,000. Dimensional Fund Advisors LP boosted its position in Greenlight Capital Re by 5.8% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,902,489 shares of the financial services provider’s stock worth $21,726,000 after acquiring an additional 104,721 shares during the last quarter. Finally, Renaissance Technologies LLC purchased a new stake in Greenlight Capital Re during the 1st quarter valued at about $601,000. 41.52% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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

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.