Blue Capital Reinsurance Holdings Ltd (NYSE:BCRH) Short Interest Up 36.4% in September

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Blue Capital Reinsurance Holdings Ltd (NYSE:BCRH) was the recipient of a large growth in short interest during the month of September. As of September 30th, there was short interest totalling 29,600 shares, a growth of 36.4% from the August 30th total of 21,700 shares. Approximately 0.5% of the shares of the stock are sold short. Based on an average daily volume of 32,000 shares, the short-interest ratio is presently 0.9 days.

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

A number of institutional investors and hedge funds have recently modified their holdings of BCRH. Clear Harbor Asset Management LLC raised its holdings in Blue Capital Reinsurance by 115.4% in the 2nd quarter. Clear Harbor Asset Management LLC now owns 283,415 shares of the insurance provider’s stock valued at $1,868,000 after acquiring an additional 151,830 shares during the last quarter. Rational Advisors LLC acquired a new position in Blue Capital Reinsurance in the 2nd quarter valued at $180,000. Susquehanna International Group LLP acquired a new position in Blue Capital Reinsurance in the 2nd quarter valued at $111,000. Renaissance Technologies LLC raised its holdings in Blue Capital Reinsurance by 3.5% in the 2nd 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 last quarter. Finally, BlackRock Inc. grew its stake in shares of Blue Capital Reinsurance by 7.4% during the 2nd quarter. BlackRock Inc. now owns 23,512 shares of the insurance provider’s stock valued at $155,000 after buying an additional 1,614 shares during the period. Institutional investors own 40.45% of the company’s stock.

Shares of Blue Capital Reinsurance stock traded down $0.14 during trading on Monday, hitting $6.97. 17,184 shares of the company were exchanged, compared to its average volume of 21,875. Blue Capital Reinsurance has a fifty-two week low of $5.30 and a fifty-two week high of $10.02. The stock has a market capitalization of $62.00 million, a price-to-earnings ratio of -2.13 and a beta of 0.70. The firm has a 50 day moving average price of $7.59 and a 200 day moving average price of $7.25.

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

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

Blue Capital Reinsurance Company Profile

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.

Further Reading: What are Institutional Investors?

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