Media coverage about Greenlight Reinsurance (NASDAQ:GLRE) has been trending somewhat positive this week, according to Accern Sentiment. The research group ranks the sentiment of news coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Greenlight Reinsurance earned a media sentiment score of 0.18 on Accern’s scale. Accern also gave press coverage about the financial services provider an impact score of 48.3721393736109 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
Here are some of the media headlines that may have impacted Accern’s rankings:
- Greenlight Reinsurance, Ltd. (GLRE) Director Sells $39,921.04 in Stock (americanbankingnews.com)
- Greenlight Captial Re (GLRE) Names Michael Belfatti as COO (streetinsider.com)
- Greenlight Capital Re, Ltd. Announces Appointment of Michael Belfatti to Newly Created Position of Chief Operating Officer (finance.yahoo.com)
- Century Aluminum Company (NASDAQ:CENX) Receives An Update From Brokers (wisdomsave.com)
- San Juan Basin Royalty Trust (NYSE:SJT) Sees Significantly Higher Trading Volume (wisdomsave.com)
GLRE has been the topic of several recent analyst reports. ValuEngine raised shares of Greenlight Reinsurance from a “hold” rating to a “buy” rating in a report on Monday, August 7th. Zacks Investment Research raised shares of Greenlight Reinsurance from a “sell” rating to a “buy” rating and set a $25.00 price target on the stock in a report on Friday, August 4th. TheStreet lowered shares of Greenlight Reinsurance from a “b-” rating to a “c+” rating in a report on Tuesday, May 9th. Finally, BidaskClub raised shares of Greenlight Reinsurance from a “sell” rating to a “hold” rating in a report on Wednesday, August 2nd.
Greenlight Reinsurance (GLRE) traded down 0.45% during midday trading on Friday, reaching $22.20. 151,596 shares of the company’s stock were exchanged. The firm has a 50 day moving average of $21.73 and a 200-day moving average of $21.54. Greenlight Reinsurance has a 12 month low of $19.25 and a 12 month high of $24.10. The stock has a market cap of $828.97 million, a PE ratio of 15.91 and a beta of 0.77.
Greenlight Reinsurance (NASDAQ:GLRE) last issued its quarterly earnings results on Monday, July 31st. The financial services provider reported ($0.96) EPS for the quarter, beating analysts’ consensus estimates of ($1.00) by $0.04. Greenlight Reinsurance had a net margin of 8.42% and a return on equity of 5.96%. The business had revenue of $121.48 million for the quarter, compared to analysts’ expectations of $139.90 million. On average, equities research analysts predict that Greenlight Reinsurance will post $0.75 earnings per share for the current year.
In other Greenlight Reinsurance news, insider Sherry Diaz sold 3,055 shares of the stock in a transaction that occurred on Wednesday, August 9th. The shares were sold at an average price of $23.00, for a total transaction of $70,265.00. Following the transaction, the insider now directly owns 33,500 shares in the company, valued at $770,500. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Leonard R. Goldberg sold 1,659 shares of the stock in a transaction that occurred on Wednesday, August 2nd. The shares were sold at an average price of $22.75, for a total transaction of $37,742.25. Following the transaction, the director now owns 170,021 shares in the company, valued at $3,867,977.75. The disclosure for this sale can be found here. Insiders have sold 8,066 shares of company stock worth $181,317 over the last quarter. Company insiders own 21.81% of the company’s stock.
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Greenlight Reinsurance Company Profile
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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