Greenlight Capital Re (NASDAQ:GLRE) Stock Crosses Above 200 Day Moving Average – Should You Sell?

Shares of Greenlight Capital Re, Ltd. (NASDAQ:GLRE) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $13.14 and traded as high as $13.52. Greenlight Capital Re shares last traded at $13.47, with a volume of 128,007 shares trading hands.

Analysts Set New Price Targets

Separately, Weiss Ratings restated a “hold (c-)” rating on shares of Greenlight Capital Re in a research note on Monday, December 29th. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat.com, the stock presently has an average rating of “Hold”.

Greenlight Capital Re Stock Up 0.8%

The stock has a fifty day simple moving average of $13.82 and a two-hundred day simple moving average of $13.14. The firm has a market cap of $459.33 million, a PE ratio of -192.43 and a beta of 0.54. The company has a current ratio of 2.89, a quick ratio of 2.89 and a debt-to-equity ratio of 0.05.

Greenlight Capital Re (NASDAQ:GLRE) last released its quarterly earnings data on Monday, November 3rd. The financial services provider reported ($0.13) EPS for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.23). The firm had revenue of $146.07 million during the quarter. Greenlight Capital Re had a negative net margin of 0.28% and a negative return on equity of 0.28%.

Insider Activity

In other Greenlight Capital Re news, Director Ursuline F. Foley acquired 5,000 shares of the company’s stock in a transaction that occurred on Thursday, November 20th. The stock was bought at an average price of $12.92 per share, with a total value of $64,600.00. Following the completion of the purchase, the director owned 54,100 shares of the company’s stock, valued at approximately $698,972. This represents a 10.18% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Joseph P. Platt, Jr. bought 5,000 shares of Greenlight Capital Re stock in a transaction that occurred on Tuesday, November 18th. The shares were acquired at an average price of $12.97 per share, with a total value of $64,850.00. Following the completion of the transaction, the director owned 5,000 shares of the company’s stock, valued at $64,850. This represents a ∞ increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Company insiders own 23.55% of the company’s stock.

Institutional Trading of Greenlight Capital Re

A number of large investors have recently modified their holdings of GLRE. Catawba River Capital purchased a new position in shares of Greenlight Capital Re during the third quarter worth about $2,542,000. Private Management Group Inc. increased its holdings in shares of Greenlight Capital Re by 12.8% in the 3rd quarter. Private Management Group Inc. now owns 1,195,767 shares of the financial services provider’s stock worth $15,186,000 after buying an additional 136,041 shares during the last quarter. CWA Asset Management Group LLC raised its position in shares of Greenlight Capital Re by 6.9% during the 4th quarter. CWA Asset Management Group LLC now owns 977,105 shares of the financial services provider’s stock valued at $14,246,000 after buying an additional 62,707 shares in the last quarter. Creative Planning purchased a new stake in shares of Greenlight Capital Re during the 2nd quarter valued at $887,000. Finally, Vanguard Group Inc. lifted its holdings in shares of Greenlight Capital Re by 3.5% during the 3rd quarter. Vanguard Group Inc. now owns 1,469,818 shares of the financial services provider’s stock worth $18,667,000 after acquiring an additional 49,929 shares during the last quarter. Institutional investors own 41.52% of the company’s stock.

Greenlight Capital Re Company Profile

Greenlight Capital Re Ltd. (NASDAQ: GLRE) is a Bermuda‐incorporated reinsurer externally managed by Greenlight Capital Re Services Ltd., a subsidiary of Greenlight Capital, Inc Since its formation in 2016 and subsequent initial public offering in 2017, the company has focused on providing customized reinsurance solutions to insurers worldwide. Greenlight Capital Re operates as an independent, publicly traded entity, leveraging the investment expertise and underwriting rigor that underpin its parent’s investment platform.

The company’s core business activities encompass both treaty and facultative reinsurance across a broad spectrum of property and casualty lines.