Greenlight Reinsurance, Ltd. (NASDAQ:GLRE) Posts Quarterly Earnings Results

Share
Greenlight Reinsurance, Ltd. (NASDAQ:GLRE) Posts Quarterly Earnings Results

The value of the company's investment in Greenlight Reinsurance, Ltd. - went from $400,000 to $391,000 a change of 2.3% for the reporting period. The firm owned 48,845 shares of the financial services provider's stock after selling 300 shares during the period. Verdant Holding Company, Ltd. makes strategic investments in a select group of property and casualty insurers, and general agents. State Street Corp now owns 631,636 shares of the financial services provider's stock worth $14,398,000 after buying an additional 55,606 shares during the last quarter. Finally, Advisory Services Network LLC bought a new stake in shares of Greenlight Reinsurance during the first quarter valued at $237,000. Usca Ria LLC claims 24,850 shares worth $519,000. TIAA CREF Investment Management LLC owned approximately 0.20% of Greenlight Reinsurance worth $1,690,000 as of its most recent filing with the SEC. Teachers Advisors LLC increased its stake in shares of Greenlight Reinsurance by 8.6% in the fourth quarter. The 50 day moving average was up $1.92 and the 200 day average was up $1.49. As to cut the story short, it's all about what a stock does that matters in eye of passive investors.

Greenlight Reinsurance (GLRE) traded down 0.44% during mid-day trading on Friday, hitting $22.80. Strengthening these views, the company is estimating to achieve earnings per share (EPS) growth of 113.50% in this year. Shares saw a steep increase in trading volume of 492.97% over the normal average daily volume.

The P/E ratio is 16.326 and the market cap is 850.44M.

Greenlight Reinsurance (NASDAQ:GLRE) last released its quarterly earnings results on Monday, July 31st. As of the latest earnings report the EPS was $1.39 and is projected to be $0.80 for the current year with 37,341,000 shares now outstanding. The firm had revenue of $121.48 million during the quarter, compared to analysts' expectations of $139.90 million. Next quarter's EPS is expected be $0.74 and the next full year EPS is anticipated to be $2.78.

WARNING: "Greenlight Reinsurance, Ltd. (NASDAQ:GLRE) Position Boosted by American International Group Inc." was published by Stock Observer and is owned by of Stock Observer. If you are reading this story on another domain, it was illegally copied and republished in violation of worldwide copyright and trademark laws.

Leonard R. Goldberg, Interim CEO reported the sale of 520 shares of GLRE stock. Zacks Investment Research raised Greenlight Reinsurance from a "strong sell" rating to a "hold" rating in a report on Wednesday, April 19th. Finally, TheStreet downgraded Greenlight Reinsurance from a "b-" rating to a "c+" rating in a research report on Tuesday, May 9th. ValuEngine downgraded Greenlight Reinsurance from a "buy" rating to a "hold" rating in a report on Tuesday, June 6th.

In other news, Director Leonard R. Goldberg sold 1,659 shares of the stock in a transaction dated Wednesday, August 2nd. The shares were purchased at an average price of $21.19. The Director now owns $3,337,870 of the stock per the Form 4 SEC filing. Following the transaction, the insider now owns 33,500 shares in the company, valued at approximately $770,500. The stock was sold at an average price of $23.00, for a total value of $70,265.00. On the other side it is not a negative indicator for Investor portfolio value - when the price of a stock Investor owns moves down in value. The disclosure for this sale can be found here. Teachers Advisors, LLC added to its ownership by buying 3,014 shares an increase of 5.4% in the quarter.

Now we move forward to see the historical returns of Greenlight Capital Re, Ltd. (GLRE) which is Cayman Islands based stock.

Share

Advertisement

Related Posts

Crescent Point Energy Corporation (CPG) Receives Daily Coverage Optimism Score of 0.16
Winfield Assocs Inc has 0% invested in Crescent Point Energy Corporation Ordinary Shares (Canada) (NYSE:CPG) for 210 shares. Equities research analysts forecast that Crescent Point Energy Corporation will post $0.20 EPS for the current fiscal year.

Dulquer Salmaan to make Bollywood debut in a film alongside Irrfan Khan
Mithila Palkar from the popular web series, Girl In The City and Little Things , will portray the female lead in the film. Besides the duo, it will star Irrfan Khan, although the character details of all of them are now kept under wraps.

Giroud rescues Arsenal to seal 4-3 opening win vs Leicester
Have you signed up to play in our fantasy football league? "We had 27 attempts and they had three on target and three goals , but it's something we have to work on".

Trinity Industries, Inc. (TRN) Stake Decreased by Impala Asset Management LLC
Over the last five days, shares have managed 4.14% gains and now is up 2.12% since hitting its 200-day moving average of $35.65. It worsened, as 41 investors sold TRN shares while 126 reduced holdings. 46 funds opened positions while 88 raised stakes.

AECOM (ACM) Receives Consensus Recommendation of "Hold" from Analysts
The institutional investor owned 31,093 shares of the construction company's stock after selling 3,470 shares during the period. The construction company reported $0.78 earnings per share for the quarter, hitting the consensus estimate of $0.78.

Bareilly: Teenage girls set ablaze, police suspect role of stalker
I8-year old Gulshan's condition is severe while the 17-year old, younger sister Fiza has sustained 40 percent burns. A bottle of petrol and two mobile phones were recovered from the site.

Brighton Premier League season 17-18 preview: Martin Keown's guide
Willian found himself behind Pedro and Eden Hazard in the team, but still scored eight times in the Premier League . I think they are heading back to the Championship - though I'd hate to see one of my former clubs go down.

Mauricio Pochettino suggests Moussa Sissoko could start against Newcastle
If I feel that why can I be nervous? You reflect upon people's character by what they do and how they behave. "I have no doubt about the team".

Jose Mourinho insists Manchester United's transfer activity is sufficient
With plenty of time until deadline day, The Grapevine has the very latest football transfer news from the Premier League's top clubs in our round-up below.

N Korea war would be 'catastrophic: Mattis
He said Kim Jong Un's regime should listen to and "act on that clarity". "I'm quite proud of what we've accomplished". But UN Secretary General António Guterres hinted that Trump's remarks risked derailing the diplomatic process.

© 2015 ExpressNewsline. All Rights reserved.