This Insider Has Just Sold Shares In Greenlight Capital Re

Anyone interested in Greenlight Capital Re, Ltd. (NASDAQ:GLRE) should probably be aware that the Independent Director, Ian Isaacs, recently divested US$108k worth of shares in the company, at an average price of US$12.00 each. However, the silver lining is that the sale only reduced their total holding by 6.2%, so we're hesitant to read anything much into it, on its own.

View our latest analysis for Greenlight Capital Re

The Last 12 Months Of Insider Transactions At Greenlight Capital Re

Notably, that recent sale by Ian Isaacs is the biggest insider sale of Greenlight Capital Re shares that we've seen in the last year. That means that even when the share price was below the current price of US$12.47, an insider wanted to cash in some shares. As a general rule we consider it to be discouraging when insiders are selling below the current price, because it suggests they were happy with a lower valuation. However, while insider selling is sometimes discouraging, it's only a weak signal. This single sale was just 6.2% of Ian Isaacs's stake.

Ian Isaacs sold a total of 20.76k shares over the year at an average price of US$11.05. The chart below shows insider transactions (by companies and individuals) over the last year. If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date!

If you are like me, then you will not want to miss this free list of growing companies that insiders are buying.

Does Greenlight Capital Re Boast High Insider Ownership?

Many investors like to check how much of a company is owned by insiders. We usually like to see fairly high levels of insider ownership. Insiders own 14% of Greenlight Capital Re shares, worth about US$61m. While this is a strong but not outstanding level of insider ownership, it's enough to indicate some alignment between management and smaller shareholders.

What Might The Insider Transactions At Greenlight Capital Re Tell Us?

An insider sold Greenlight Capital Re shares recently, but they didn't buy any. And there weren't any purchases to give us comfort, over the last year. But since Greenlight Capital Re is profitable and growing, we're not too worried by this. Insiders own shares, but we're still pretty cautious, given the history of sales. We're in no rush to buy! So while it's helpful to know what insiders are doing in terms of buying or selling, it's also helpful to know the risks that a particular company is facing. You'd be interested to know, that we found 1 warning sign for Greenlight Capital Re and we suggest you have a look.

Of course, you might find a fantastic investment by looking elsewhere. So take a peek at this free list of interesting companies.

For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions of direct interests only, but not derivative transactions or indirect interests.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.