News articles about Greenlight Reinsurance (NASDAQ:GLRE) have been trending somewhat positive this week, Accern reports. Accern ranks the sentiment of news coverage by reviewing more than 20 million news and blog sources. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Greenlight Reinsurance earned a media sentiment score of 0.05 on Accern’s scale. Accern also assigned news coverage about the financial services provider an impact score of 33 out of 100, meaning that recent news coverage is unlikely to have an effect on the company’s share price in the next few days.
Here are some of the media stories that may have impacted Accern Sentiment’s rankings:
- Sherry Diaz Sells 3,055 Shares of Greenlight Reinsurance, Ltd. (GLRE) Stock (americanbankingnews.com)
- For Troubled Toshiba, Auditor Decision Is Key (finance.yahoo.com)
- Greenlight Reinsurance, Ltd. (NASDAQ:GLRE) Position Reduced by Goldman Sachs Group Inc. (topix.com)
- Greenlight Reinsurance, Ltd. – (NASDAQ:GLRE) Experiences Heavier than Average Trading Volume (highlightpress.com)
Several brokerages have commented on GLRE. ValuEngine downgraded Greenlight Reinsurance from a “buy” rating to a “hold” rating in a research report on Tuesday, June 6th. TheStreet downgraded Greenlight Reinsurance from a “b-” rating to a “c+” rating in a research report on Tuesday, May 9th. Zacks Investment Research raised Greenlight Reinsurance from a “strong sell” rating to a “hold” rating in a research report on Wednesday, April 19th. Finally, BidaskClub cut Greenlight Reinsurance from a “hold” rating to a “sell” rating in a research report on Wednesday, July 19th.
Greenlight Reinsurance (GLRE) traded down 0.44% during mid-day trading on Friday, hitting $22.80. The stock had a trading volume of 184,909 shares. The firm has a market capitalization of $851.37 million, a price-to-earnings ratio of 16.34 and a beta of 0.77. Greenlight Reinsurance has a one year low of $19.25 and a one year high of $24.10. The stock’s 50 day moving average price is $21.46 and its 200 day moving average price is $21.56.
Greenlight Reinsurance (NASDAQ:GLRE) last announced its earnings results on Monday, July 31st. The financial services provider reported ($0.96) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($1.00) by $0.04. The company had revenue of $121.48 million for the quarter, compared to analyst estimates of $139.90 million. Greenlight Reinsurance had a return on equity of 5.96% and a net margin of 8.42%. Analysts forecast that Greenlight Reinsurance will post $0.80 EPS for the current year.
In other Greenlight Reinsurance news, insider Sherry Diaz sold 3,055 shares of the firm’s stock in a transaction on Wednesday, August 9th. The stock was sold at an average price of $23.00, for a total transaction of $70,265.00. Following the transaction, the insider now owns 33,500 shares in the company, valued at approximately $770,500. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Leonard R. Goldberg sold 1,659 shares of the firm’s stock in a transaction on Wednesday, August 2nd. The stock was sold at an average price of $22.75, for a total value of $37,742.25. Following the transaction, the director now owns 170,021 shares in the company, valued at approximately $3,867,977.75. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 6,312 shares of company stock worth $141,396. Corporate insiders own 21.81% of the company’s stock.
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About Greenlight Reinsurance
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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