Blue Capital Reinsurance (NYSE:BCRH) Shares Cross Below Fifty Day Moving Average of $8.09

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Blue Capital Reinsurance Holdings Ltd (NYSE:BCRH) shares crossed below its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $8.09 and traded as low as $6.94. Blue Capital Reinsurance shares last traded at $6.98, with a volume of 411 shares trading hands.

BCRH has been the subject of a number of research analyst reports. TheStreet raised Blue Capital Reinsurance from a “d+” rating to a “c-” rating in a report on Monday, August 19th. ValuEngine raised Blue Capital Reinsurance from a “buy” rating to a “strong-buy” rating in a report on Friday, August 16th. Finally, Zacks Investment Research raised Blue Capital Reinsurance from a “sell” rating to a “hold” rating in a report on Monday, July 15th.

The stock has a fifty day moving average of $8.09 and a 200-day moving average of $7.16. The stock has a market capitalization of $61.26 million, a price-to-earnings ratio of -2.12 and a beta of 0.69.

Blue Capital Reinsurance (NYSE:BCRH) last announced its quarterly earnings results on Tuesday, July 30th. The insurance provider reported $0.12 earnings per share (EPS) for the quarter. The firm had revenue of $5.30 million during the quarter. Blue Capital Reinsurance had a negative return on equity of 29.67% and a negative net margin of 90.85%.

The firm also recently declared a — dividend, which will be paid on Monday, September 30th. Investors of record on Monday, September 16th will be issued a $1.51 dividend. This represents a yield of 7.3%. The ex-dividend date is Friday, September 13th. Blue Capital Reinsurance’s dividend payout ratio (DPR) is -18.35%.

Institutional investors and hedge funds have recently made changes to their positions in the stock. Clear Harbor Asset Management LLC boosted its holdings in Blue Capital Reinsurance by 115.4% in the second 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 in the last quarter. Rational Advisors LLC acquired a new stake in shares of Blue Capital Reinsurance in the second quarter valued at approximately $180,000. Susquehanna International Group LLP acquired a new stake in shares of Blue Capital Reinsurance in the second quarter valued at approximately $111,000. Renaissance Technologies LLC boosted its holdings in shares of Blue Capital Reinsurance by 3.5% in the second quarter. Renaissance Technologies LLC now owns 233,300 shares of the insurance provider’s stock valued at $1,537,000 after acquiring an additional 7,800 shares during the period. Finally, BlackRock Inc. boosted its holdings in shares of Blue Capital Reinsurance by 7.4% in the second quarter. BlackRock Inc. now owns 23,512 shares of the insurance provider’s stock valued at $155,000 after acquiring an additional 1,614 shares during the period. 40.45% of the stock is owned by hedge funds and other institutional investors.

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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