Short Interest in Blue Capital Reinsurance Holdings Ltd (NYSE:BCRH) Increases By 71.3%

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

Shares of BCRH stock traded up $0.12 on Wednesday, hitting $7.00. 4,272 shares of the stock traded hands, compared to its average volume of 8,358. The company has a current ratio of 0.21, a quick ratio of 0.21 and a debt-to-equity ratio of 0.04. The firm has a market cap of $62.09 million, a P/E ratio of -2.14 and a beta of 0.74. Blue Capital Reinsurance has a 1-year low of $5.30 and a 1-year high of $11.85.

Blue Capital Reinsurance (NYSE:BCRH) last posted its quarterly earnings results on Thursday, May 2nd. The insurance provider reported $0.21 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.29 by ($0.08). The firm had revenue of $6.70 million for the quarter. Blue Capital Reinsurance had a negative net margin of 80.06% and a negative return on equity of 25.86%. On average, research analysts forecast that Blue Capital Reinsurance will post 0.6 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Monday, July 15th. Investors of record on Friday, June 28th will be given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 8.57%. The ex-dividend date is Thursday, June 27th. Blue Capital Reinsurance’s dividend payout ratio is currently -18.35%.

Several hedge funds have recently bought and sold shares of BCRH. Donald Smith & CO. Inc. raised 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 in the last quarter. Marathon Capital Management acquired a new stake in shares of Blue Capital Reinsurance during the 4th quarter valued at approximately $61,000. Dimensional Fund Advisors LP raised 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 in the last quarter. Finally, Raymond James & Associates raised 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 in the last quarter. 39.85% of the stock is currently owned by institutional investors and hedge funds.

A number of equities analysts have issued reports on the company. Zacks Investment Research raised Blue Capital Reinsurance from a “sell” rating to a “hold” rating in a research report on Tuesday, June 4th. ValuEngine lowered Blue Capital Reinsurance from a “buy” rating to a “hold” rating in a research report 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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