Blue Capital Reinsurance Holdings Ltd (NYSE:BCRH) Sees Large Increase in Short Interest

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Blue Capital Reinsurance Holdings Ltd (NYSE:BCRH) was the target of a large growth in short interest in May. As of May 31st, there was short interest totalling 52,600 shares, a growth of 71.3% from the April 30th total of 30,700 shares. Based on an average daily trading volume, of 9,500 shares, the short-interest ratio is presently 5.5 days. Currently, 0.9% of the company’s stock are sold short.

BCRH stock traded up $0.04 during trading on Monday, reaching $6.77. The company had a trading volume of 503 shares, compared to its average volume of 8,115. The business has a 50-day simple moving average of $7.06. The firm has a market cap of $60.86 million, a P/E ratio of -2.10 and a beta of 0.74. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.21 and a current ratio of 0.21. Blue Capital Reinsurance has a twelve month low of $5.30 and a twelve month high of $11.85.

Blue Capital Reinsurance (NYSE:BCRH) last released its earnings results on Thursday, May 2nd. The insurance provider reported $0.21 EPS for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.08). The company had revenue of $6.70 million during the quarter. Blue Capital Reinsurance had a negative return on equity of 25.86% and a negative net margin of 80.06%. As a group, analysts expect that Blue Capital Reinsurance will post 0.6 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, July 15th. Shareholders of record on Friday, June 28th will be given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 8.86%. The ex-dividend date is Thursday, June 27th. Blue Capital Reinsurance’s dividend payout ratio is presently -18.35%.

A number of institutional investors and hedge funds have recently bought and sold shares of BCRH. Marathon Capital Management acquired a new position in shares of Blue Capital Reinsurance during the 4th quarter valued at about $61,000. Raymond James & Associates boosted its position in shares of Blue Capital Reinsurance by 2.1% during the 4th quarter. Raymond James & Associates now owns 99,998 shares of the insurance provider’s stock valued at $550,000 after acquiring an additional 2,016 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Blue Capital Reinsurance by 3.6% during the 4th quarter. Dimensional Fund Advisors LP now owns 221,848 shares of the insurance provider’s stock valued at $1,220,000 after acquiring an additional 7,664 shares during the last quarter. Finally, Donald Smith & CO. Inc. boosted its position in shares of Blue Capital Reinsurance by 2.3% during the 4th quarter. Donald Smith & CO. Inc. now owns 899,272 shares of the insurance provider’s stock valued at $4,946,000 after acquiring an additional 19,987 shares during the last quarter. 39.85% of the stock is owned by institutional investors.

BCRH has been the subject of a number of recent analyst reports. Zacks Investment Research cut shares of Blue Capital Reinsurance from a “hold” rating to a “sell” rating in a research note on Monday, May 13th. ValuEngine cut shares of Blue Capital Reinsurance from a “buy” rating to a “hold” rating in a research note on Friday, May 3rd.

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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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