Greenlight Capital Re (NASDAQ:GLRE) Issues Quarterly Earnings Results, Beats Expectations By $0.36 EPS

Greenlight Capital Re (NASDAQ:GLRE) announced its earnings results on Monday. The financial services provider reported $1.01 earnings per share for the quarter, topping analysts’ consensus estimates of $0.65 by $0.36, RTT News reports. Greenlight Capital Re had a net margin of 9.60% and a return on equity of 10.88%. During the same period last year, the firm posted $0.39 earnings per share.

Greenlight Capital Re Price Performance

NASDAQ GLRE opened at $13.56 on Tuesday. The firm’s 50 day moving average is $13.72 and its 200-day moving average is $13.21. The company has a quick ratio of 3.00, a current ratio of 3.00 and a debt-to-equity ratio of 0.10. The company has a market capitalization of $478.95 million, a PE ratio of 7.14 and a beta of 0.85. Greenlight Capital Re has a 12-month low of $10.49 and a 12-month high of $14.31.

Analysts Set New Price Targets

Separately, StockNews.com cut Greenlight Capital Re from a “buy” rating to a “hold” rating in a research report on Thursday, October 31st.

Insider Buying and Selling

In other Greenlight Capital Re news, Director Ian Isaacs sold 7,159 shares of Greenlight Capital Re stock in a transaction on Friday, September 27th. The shares were sold at an average price of $13.81, for a total value of $98,865.79. Following the sale, the director now directly owns 86,984 shares in the company, valued at approximately $1,201,249.04. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 22.79% of the stock is currently owned by corporate insiders.

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.