Shares of Blue Capital Reinsurance Holdings Ltd (NYSE:BCRH) shot up 16.5% on Friday . The company traded as high as $8.20 and last traded at $7.75, 215,797 shares traded hands during trading. An increase of 1,806% from the average session volume of 11,322 shares. The stock had previously closed at $6.65.
A number of research firms recently weighed in on BCRH. ValuEngine raised Yirendai from a “strong sell” rating to a “sell” rating in a report on Friday, May 3rd. Zacks Investment Research lowered General Finance from a “buy” rating to a “hold” rating in a report on Monday, July 15th.
The company has a debt-to-equity ratio of 0.04, a current ratio of 0.21 and a quick ratio of 0.21. The company has a fifty day moving average of $6.63.
Blue Capital Reinsurance (NYSE:BCRH) last posted its earnings results on Thursday, May 2nd. The insurance provider reported $0.21 earnings per share for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.08). Blue Capital Reinsurance had a negative return on equity of 25.86% and a negative net margin of 80.06%. The business had revenue of $6.70 million for the quarter. Equities research analysts anticipate that Blue Capital Reinsurance Holdings Ltd will post 0.6 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Monday, July 15th. Shareholders of record on Friday, June 28th were issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 7.74%. The ex-dividend date of this dividend was Thursday, June 27th. Blue Capital Reinsurance’s dividend payout ratio is -18.35%.
A number of hedge funds and other institutional investors have recently modified their holdings of the business. Raymond James & Associates grew its holdings in Blue Capital Reinsurance by 2.1% in the 4th quarter. Raymond James & Associates now owns 99,998 shares of the insurance provider’s stock valued at $550,000 after buying an additional 2,016 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in Blue Capital Reinsurance by 3.6% in the 4th quarter. Dimensional Fund Advisors LP now owns 221,848 shares of the insurance provider’s stock valued at $1,220,000 after buying an additional 7,664 shares in the last quarter. Finally, Clear Harbor Asset Management LLC grew its holdings in Blue Capital Reinsurance by 115.4% in the 2nd quarter. Clear Harbor Asset Management LLC now owns 283,415 shares of the insurance provider’s stock valued at $1,868,000 after buying an additional 151,830 shares in the last quarter. 39.85% of the stock is currently owned by hedge funds and other institutional investors.
Blue Capital Reinsurance Company Profile (NYSE:BCRH)
Blue Capital Reinsurance Holdings Ltd., through its subsidiaries, provides collateralized reinsurance in the property catastrophe market in the United States and internationally. It also invests in various insurance-linked securities. The company was founded in 2013 and is headquartered in Pembroke, Bermuda.