Greenlight Capital Re Ltd. (GLRE): Volume reached to 0.15 million

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Greenlight Capital Re Ltd. (NASDAQ:GLRE) changes shares on Tuesday trading session, with a change of 1.99% or $0.13 shares. The trading starts at $6.53 and closed at $6.52 throughout the day. The trading session low price was $6.43 and day high was $6.67 on Tuesday, August 04. After the session, the Financial sector daily volume shifted to 0.15 million while its average volume is 272.62K. In other hand, the GLRE market cap reached to $256.09M.

On May 15, 2020, BRIEF-Greenlight Capital Takes Share Stake In Berkshire Hathaway, Walt Disney & Paychex. According to the news reported on Reuters, * GREENLIGHT CAPITAL TAKES SHARE STAKE OF 57,500 CLASS B NEW SHARES IN BERKSHIRE HATHAWAY INC

Checking out the performance report which defines the increase or decrease of prices for a specific period. For the last 5 trading sessions, its performance is down -1.92% and up 3.74% for month. Its quarterly performance was 6.40% above, while its half year performance is down -26.07%. GLRE yearly performance stood at negative -18.30% and fall -34.22% for year-to-date. Current recommendation for Greenlight Capital Re Ltd. is 3.00.

Earnings per share or EPS is an important financial measure, which defines the profitability of a company. GLRE EPS (TTM) for 12-month is -1.44. EPS for this year is 98.90%, while for the next year its value is 1.20. Its EPS Q/Q reached -786.10%. It has an EPS of -15.30% down for past five years and for the next five years will be up 10.00%.

Let’s take a look on the analyst recommendations on GLRE for the current month and previous month. For the current month, 0 of 1 analysts recommend stock as Buy while 0 as Sell, 0 as overweight, 0 as underweight and 1 as Hold. As compared with the previous month ratings, 0 analysts participate in stock recommendation. Out of 0, 0 rated it sell, 0 rated it as Buy and 0 as Hold Ratings. On the other hand, target price ranges from $21.00 – $21.00. Average target price for GLRE was reached at $21.00.

Blackrock Inc., Vanguard Group, Inc. (The) and Morgan Stanley are the top three holders in Greenlight Capital Re Ltd. (GLRE) stock. On Mar 30, 2020, Blackrock Inc. has 2.4 million shares which valued 14.28 million. On Mar 30, 2020, Vanguard Group, Inc. (The) owned 2.13 million shares which valued at 12.65 million. On Mar 30, 2020, Morgan Stanley has a total of 2.04 million shares which valued at 12.16 million. In the end, Morgan Stanley have 6.61% shares outstanding of Greenlight Capital Re Ltd. (GLRE) on Mar 30, 2020. The insider ownership moved to 3.00% and institutional holding shifted to 59.20%.

The company posted an EPS (TTM) of -1.44. According to the most recent quarter report on (Jun 2020), 1 analysts estimated an average EPS of 0.05, while 0.42 EPS posted a year ago period. Analyst Estimated EPS for GLRE published in the report was $0.05 – $0.05 during the same period. Comparing with last year, the average estimated EPS was 0.42 which is higher than -1.11 which was posted for recent quarter EPS.

A brief look on simple moving average (SMA) that determines the market price can impact a market. The SMA for GLRE fall -18.75% for period of 200 days. SMA for 50 days was -1.55% which is showing red signal, while SMA-20 was -0.57%. The moving average value for Greenlight Capital Re Ltd. (GLRE) is 7.20 and 6.62 for 200 and 50 days respectively.

Let’s take a look on the insider transactions, in which multiple shareholders are showing interest in GLRE stock. On Jun 04, Romer Faramarz, Reporting & Compliance Officer, sold 25,230 trading shares at the cost of $7.30, which valued at 0.18 million.