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.
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.
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.
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