Blue Capital Reinsurance (BCRH) Rating Lowered to Sell at Zacks Investment Research

Zacks Investment Research downgraded shares of Blue Capital Reinsurance (NYSE:BCRH) from a hold rating to a sell rating in a research report released on Monday, Zacks.com 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 cut shares of Blue Capital Reinsurance from a buy rating to a hold rating in a research report on Friday, May 3rd.



Shares of NYSE:BCRH opened at $7.09 on Monday. The company has a market capitalization of $64.05 million, a P/E ratio of -2.17 and a beta of 0.68. The company has a quick ratio of 0.17, a current ratio of 0.21 and a debt-to-equity ratio of 0.04. Blue Capital Reinsurance has a one year low of $5.30 and a one year high of $11.85.

Blue Capital Reinsurance (NYSE:BCRH) last issued its quarterly earnings data on Thursday, May 2nd. The insurance provider reported $0.21 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.29 by ($0.08). The company had revenue of $6.70 million during 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 0.63 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Friday, March 29th were given a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 8.46%. The ex-dividend date of this dividend was Thursday, March 28th. Blue Capital Reinsurance’s dividend payout ratio (DPR) is currently -18.35%.

Hedge funds and other institutional investors have recently made changes to their positions in the business. Marathon Capital Management acquired a new position in Blue Capital Reinsurance in the 4th quarter valued at approximately $61,000. Raymond James & Associates increased its position in Blue Capital Reinsurance by 2.1% in 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 during the period. Dimensional Fund Advisors LP increased its position in Blue Capital Reinsurance by 3.6% in 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 during the period. Renaissance Technologies LLC increased its position in Blue Capital Reinsurance by 18.7% in the 3rd quarter. Renaissance Technologies LLC now owns 178,100 shares of the insurance provider’s stock valued at $1,817,000 after acquiring an additional 28,000 shares during the period. Finally, Vanguard Group Inc increased its position in Blue Capital Reinsurance by 1.2% in the 3rd quarter. Vanguard Group Inc now owns 242,561 shares of the insurance provider’s stock valued at $2,474,000 after acquiring an additional 2,801 shares during the period. Hedge funds and other institutional investors own 40.62% of the company’s stock.

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.

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