Greenlight Capital Re, Ltd. (NASDAQ:GLRE) insider Daniel Roitman acquired 35,000 shares of the firm’s stock in a transaction on Tuesday, March 6th. The stock was bought at an average price of $16.49 per share, with a total value of $577,150.00. Following the completion of the acquisition, the insider now directly owns 270,117 shares in the company, valued at approximately $4,454,229.33. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.
Greenlight Capital Re, Ltd. (NASDAQ GLRE) opened at $16.45 on Friday. Greenlight Capital Re, Ltd. has a 1-year low of $16.00 and a 1-year high of $23.15.
Several research analysts have commented on GLRE shares. BidaskClub lowered shares of Greenlight Capital Re from a “hold” rating to a “sell” rating in a report on Thursday, January 11th. UBS Group restated a “buy” rating and issued a $25.00 price objective (down from $27.00) on shares of Greenlight Capital Re in a report on Friday, February 23rd. Zacks Investment Research lowered shares of Greenlight Capital Re from a “buy” rating to a “hold” rating in a report on Friday, December 8th. TheStreet lowered shares of Greenlight Capital Re from a “b-” rating to a “c+” rating in a report on Wednesday, February 14th. Finally, ValuEngine lowered shares of Greenlight Capital Re from a “hold” rating to a “sell” rating in a report on Wednesday. Three analysts have rated the stock with a sell rating and one has assigned a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $24.50.
About Greenlight Capital Re
Greenlight Capital Re, Ltd. is a holding company. The Company analyzes its underwriting operations using 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 significant losses emanating from one event or multiple events.
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