State Board of Administration of Florida Retirement System decreased its stake in Greenlight Capital Re Ltd. (NASDAQ:GLRE) by 0.4% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 35,625 shares of the company’s stock after selling 150 shares during the period. State Board of Administration of Florida Retirement System owned about 0.10% of Greenlight Capital Re worth $718,000 as of its most recent SEC filing.
Greenlight Capital Re Ltd. (NASDAQ:GLRE) traded up 3.02% during trading on Friday, reaching $20.44. The company’s stock had a trading volume of 109,303 shares. Greenlight Capital Re Ltd. has a 52 week low of $16.05 and a 52 week high of $25.20. The company has a 50 day moving average price of $20.75 and a 200-day moving average price of $20.59. The company’s market capitalization is $762.82 million.
Greenlight Capital Re (NASDAQ:GLRE) last posted its quarterly earnings data on Monday, August 1st. The company reported ($1.69) earnings per share for the quarter, missing analysts’ consensus estimates of ($1.09) by $0.60. Equities research analysts anticipate that Greenlight Capital Re Ltd. will post $0.96 earnings per share for the current year.
Separately, Zacks Investment Research raised Greenlight Capital Re from a “strong sell” rating to a “hold” rating in a research note on Tuesday, September 13th.
In other news, Director Leonard R. Goldberg sold 5,145 shares of the firm’s stock in a transaction that occurred on Wednesday, August 3rd. The stock was sold at an average price of $19.85, for a total value of $102,128.25. Following the completion of the sale, the director now directly owns 168,361 shares of the company’s stock, valued at approximately $3,341,965.85. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Leonard R. Goldberg sold 5,296 shares of the firm’s stock in a transaction that occurred on Wednesday, July 13th. The shares were sold at an average price of $20.13, for a total value of $106,608.48. Following the completion of the sale, the director now directly owns 168,361 shares of the company’s stock, valued at $3,389,106.93. The disclosure for this sale can be found here. 22.08% of the stock is owned by insiders.
About Greenlight Capital Re
Greenlight Capital Re, Ltd. is a property and casualty reinsurance holding company. The Company operates through property and casualty reinsurance segment. Its underwriting operations are classified into 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 losses emanating from one event or multiple events.
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