Blue Capital Reinsurance (NYSE:BCRH) Upgraded to “Hold” by Zacks Investment Research

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Zacks Investment Research upgraded shares of Blue Capital Reinsurance (NYSE:BCRH) from a sell rating to a hold rating in a research report sent to investors on Monday, reports.

According to Zacks, “Blue Capital Holdings Ltd. is a reinsurance holding company. It offers collateralized reinsurance in the property catastrophe market. Blue Capital Holdings Ltd. is based in Bermuda. “

Separately, ValuEngine upgraded shares of Yirendai from a strong sell rating to a sell rating in a research report on Friday, May 3rd.

Shares of NYSE:BCRH opened at $6.36 on Monday. The stock has a fifty day simple moving average of $6.72. Blue Capital Reinsurance has a 52 week low of $5.30 and a 52 week high of $11.71. 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 (NYSE:BCRH) last issued 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 business 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, equities analysts forecast that Blue Capital Reinsurance will post 0.6 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 15th. Shareholders of record on Friday, June 28th will be given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 9.43%. The ex-dividend date is Thursday, June 27th. Blue Capital Reinsurance’s payout ratio is -18.35%.

A hedge fund recently raised its stake in Blue Capital Reinsurance stock. Dimensional Fund Advisors LP raised its position in Blue Capital Reinsurance Holdings Ltd (NYSE:BCRH) by 3.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 221,848 shares of the insurance provider’s stock after acquiring an additional 7,664 shares during the quarter. Dimensional Fund Advisors LP owned approximately 2.53% of Blue Capital Reinsurance worth $1,220,000 at the end of the most recent quarter. Institutional investors and hedge funds own 39.85% of the company’s stock.

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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