It is trading at $22.75 which is slightly above the 50 day moving average which is $21.68 and which is a tad above the 200 day moving average of $21.35. The 50 day moving average went up by +4.94% whereas the 200 day moving average was up $1.40 or +6.57%. Trading volume for Greenlight Reinsurance, Ltd. – was 2,161 in the last trading session. Volume was down 97.88% under the stocks average daily volume.
Traders are feeling more bullish on shares of the company lately at least if you consider the decrease in short interest. The stock realized a fall in short interest of -10.19% as of the latest report on September 29, 2017. Short interest decreased 77,881 over that timeframe. With short interest at 686,116 and short average daily volume at 111,883, the short-interest ratio is 6.0 and the percentage of shorted shares is 0.02% as of September 29.
Greenlight Reinsurance, Ltd. – (NASDAQ:GLRE) has been the object of insider selling activity recently. Sherry Diaz, Controller let go of $70,265 worth of shares at an average price of $23.00 on August 9th. Diaz now owns $770,500 of stock as recorded in a recent Form 4 SEC filing.
The following firms have recently changed their position in GLRE. Nitorum Capital, L.p. bolstered its investment by buying 119,982 shares an increase of 13.4%. Nitorum Capital, L.p. currently owns 1,014,709 shares with a value of $21,207,000. The total value of its holdings increased 7.3%. Moon Capital Management, LLC expanded its position by buying 4,387 shares an increase of 6.1% as of 09/30/2017. Moon Capital Management, LLC claims 76,181 shares valued at $1,649,319,000. The value of the position overall is up by 9.9%.
As of quarter end Advisory Services Network, LLC had sold 431 shares trimming its stake by 3.3%. The value of the investment in GLRE went from $274,000 to $275,000 a change of 0.4% since the last quarter. Bank Of Montreal /can/ trimmed its stake by selling 450 shares a decrease of 22.5% in the quarter. Bank Of Montreal /can/ now controls 1,550 shares worth $34,000. The value of the position overall is down by 19.0%.
The P/E ratio is currently 16.31 and market cap is 849.51M. In the latest earnings report the EPS was $1.39 and is projected to be $0.95 for the current year with 37,341,000 shares currently outstanding. Analysts expect next quarter’s EPS will be $0.72 and the next full year EPS is anticipated to be $2.78.
Greenlight Capital Re, Ltd., launched on July 13, 2004, is a holding company. The Company analyzes its underwriting operations using two categories: frequency business and severity business. Frequency business is characterized as contracts containing a number of small losses emanating from multiple events. Severity business is characterized as contracts with the potential for significant losses emanating from one event or multiple events. The Business’s subsidiaries include Greenlight Reinsurance, Ltd., (Greenlight Re), Greenlight Reinsurance Ireland, Ltd. (GRIL) and Verdant Holding Company, Ltd. (Verdant)..