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

Greenlight Capital Re (NASDAQ:GLRE) announced its quarterly earnings data on Monday. The financial services provider reported $1.01 earnings per share (EPS) for the quarter, beating 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 company earned $0.39 earnings per share.

Greenlight Capital Re Stock Up 0.4 %

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

Insider Transactions at Greenlight Capital Re

In related news, Director Ian Isaacs sold 7,159 shares of the business’s stock in a transaction on Friday, September 27th. The stock was sold at an average price of $13.81, for a total value of $98,865.79. Following the sale, the director now 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 22.79% of the company’s stock.

Wall Street Analyst Weigh In

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

About Greenlight Capital Re

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.