Blue Capital Reinsurance Holdings Ltd (NYSE:BCRH) was the target of a large decline in short interest in August. As of August 31st, there was short interest totalling 38,700 shares, a decline of 13.8% from the July 31st total of 44,900 shares. Approximately 0.7% of the company’s stock are sold short. Based on an average daily volume of 19,800 shares, the days-to-cover ratio is presently 2.0 days.

Shares of NYSE:BCRH traded down $1.85 during trading hours on Friday, hitting $7.10. The company’s stock had a trading volume of 70,865 shares, compared to its average volume of 33,537. The company has a market capitalization of $62.27 million, a price-to-earnings ratio of -2.17 and a beta of 0.69. The firm’s fifty day moving average price is $8.15 and its 200 day moving average price is $7.16. Blue Capital Reinsurance has a 52 week low of $5.30 and a 52 week high of $10.65.

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

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

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Clear Harbor Asset Management LLC raised its stake in shares of Blue Capital Reinsurance by 115.4% during the 2nd quarter. Clear Harbor Asset Management LLC now owns 283,415 shares of the insurance provider’s stock worth $1,868,000 after acquiring an additional 151,830 shares in the last quarter. Renaissance Technologies LLC raised its stake in shares of Blue Capital Reinsurance by 3.5% during the 2nd quarter. Renaissance Technologies LLC now owns 233,300 shares of the insurance provider’s stock worth $1,537,000 after acquiring an additional 7,800 shares in the last quarter. Rational Advisors LLC bought a new position in shares of Blue Capital Reinsurance during the 2nd quarter worth approximately $180,000. BlackRock Inc. raised 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 worth $155,000 after acquiring an additional 1,614 shares in the last quarter. Finally, Susquehanna International Group LLP bought a new position in shares of Blue Capital Reinsurance during the 2nd quarter worth approximately $111,000. Hedge funds and other institutional investors own 40.45% of the company’s stock.

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

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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