Blue Capital Reinsurance (NYSE:BCRH) Stock Rating Upgraded by ValuEngine

ValuEngine upgraded shares of Blue Capital Reinsurance (NYSE:BCRH) from a hold rating to a buy rating in a research report released on Thursday morning, ValuEngine reports.

Separately, Zacks Investment Research upgraded shares of Blue Capital Reinsurance from a sell rating to a hold rating in a report on Monday, July 15th.

Shares of BCRH stock traded up $0.03 during trading hours on Thursday, hitting $8.06. The company had a trading volume of 10,499 shares, compared to its average volume of 37,412. The business’s fifty day moving average is $6.78. The company has a quick ratio of 0.21, a current ratio of 0.21 and a debt-to-equity ratio of 0.04. Blue Capital Reinsurance has a fifty-two week low of $5.30 and a fifty-two week high of $10.65. The firm has a market capitalization of $70.58 million, a PE ratio of -2.46 and a beta of 0.70.

Blue Capital Reinsurance (NYSE:BCRH) last issued its quarterly earnings data on Thursday, May 2nd. The insurance provider reported $0.21 EPS for the quarter, missing the consensus estimate of $0.29 by ($0.08). Blue Capital Reinsurance had a negative return on equity of 29.05% and a negative net margin of 90.85%. The company had revenue of $6.70 million during the quarter.

The firm also recently announced a quarterly dividend, which was paid on Monday, July 15th. Investors of record on Friday, June 28th were paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 7.44%. The ex-dividend date of this dividend was Thursday, June 27th. Blue Capital Reinsurance’s payout ratio is currently -18.35%.

A number of institutional investors and hedge funds have recently made changes to their positions in BCRH. Raymond James & Associates increased its position in shares of 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 purchasing an additional 2,016 shares during the last quarter. Dimensional Fund Advisors LP increased its position in shares of 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 purchasing an additional 7,664 shares during the last quarter. Finally, Clear Harbor Asset Management LLC increased its position in shares of 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 purchasing an additional 151,830 shares during the last quarter. 41.58% of the stock is currently owned by hedge funds and other institutional investors.

About Blue Capital Reinsurance

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.

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