Blue Capital Reinsurance (BCRH) Reaches New 52-Week Low at $7.58

Share on StockTwits

Shares of Blue Capital Reinsurance Holdings Ltd (NYSE:BCRH) reached a new 52-week low on Thursday . The stock traded as low as $7.58 and last traded at $7.58, with a volume of 500 shares trading hands. The stock had previously closed at $7.80.

Several research firms have recently weighed in on BCRH. ValuEngine cut shares of Blue Capital Reinsurance from a “hold” rating to a “sell” rating in a research note on Thursday, August 2nd. Zacks Investment Research lowered shares of Blue Capital Reinsurance from a “hold” rating to a “sell” rating in a report on Thursday, August 2nd. Finally, Deutsche Bank reduced their target price on shares of Blue Capital Reinsurance from $13.00 to $11.00 and set a “hold” rating on the stock in a report on Tuesday, October 30th. Two analysts have rated the stock with a sell rating and two have given a hold rating to the stock. The company has an average rating of “Hold” and a consensus target price of $11.00.

The firm has a market capitalization of $68.38 million, a PE ratio of -1.41 and a beta of 0.29.

Blue Capital Reinsurance (NYSE:BCRH) last released its earnings results on Monday, October 29th. The insurance provider reported ($0.76) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.01 by ($0.77). The business had revenue of $7.10 million for the quarter, compared to analyst estimates of $10.10 million. Blue Capital Reinsurance had a negative return on equity of 3.01% and a negative net margin of 11.25%. Analysts expect that Blue Capital Reinsurance Holdings Ltd will post -0.5 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Monday, October 15th. Stockholders of record on Friday, September 28th were issued a $0.30 dividend. The ex-dividend date of this dividend was Thursday, September 27th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 17.19%. Blue Capital Reinsurance’s payout ratio is -24.29%.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Cornerstone Wealth Management LLC acquired a new stake in Blue Capital Reinsurance in the 2nd quarter valued at about $872,000. LMR Partners LLP acquired a new stake in Blue Capital Reinsurance in the second quarter worth about $225,000. Paloma Partners Management Co acquired a new stake in Blue Capital Reinsurance in the second quarter worth about $317,000. Millennium Management LLC acquired a new stake in Blue Capital Reinsurance in the second quarter worth about $1,223,000. Finally, Dimensional Fund Advisors LP increased its position in Blue Capital Reinsurance by 44.7% in the first quarter. Dimensional Fund Advisors LP now owns 124,517 shares of the insurance provider’s stock worth $1,519,000 after purchasing an additional 38,442 shares during the period. Institutional investors and hedge funds own 46.02% of the company’s stock.

COPYRIGHT VIOLATION WARNING: “Blue Capital Reinsurance (BCRH) Reaches New 52-Week Low at $7.58” was first posted by Week Herald and is the property of of Week Herald. If you are accessing this news story on another website, it was copied illegally and republished in violation of U.S. & international copyright and trademark laws. The legal version of this news story can be read at https://weekherald.com/2018/11/10/blue-capital-reinsurance-bcrh-reaches-new-52-week-low-at-7-58.html.

About Blue Capital Reinsurance (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.

See Also: How to Invest in Marijuana Stocks

Receive News & Ratings for Blue Capital Reinsurance Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Blue Capital Reinsurance and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply