Insider Buying: Re Holdings Ltd Montpelier Purchases 19,200 Shares of Blue Capital Reinsurance Holdings Stock (BCRH)
Blue Capital Reinsurance Holdings (NASDAQ:BCRH) major shareholder Re Holdings Ltd Montpelier purchased 19,200 shares of the stock on the open market in a transaction that occurred on Tuesday, June 24th. The stock was purchased at an average price of $18.52 per share, with a total value of $355,584.00. Following the acquisition, the insider now directly owns 2,800 shares of the company’s stock, valued at approximately $51,856. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Major shareholders that own more than 10% of a company’s shares are required to disclose their sales and purchases with the SEC.
Blue Capital Reinsurance Holdings (NASDAQ:BCRH) traded down 0.05% during mid-day trading on Tuesday, hitting $18.19. 41,601 shares of the company’s stock traded hands. Blue Capital Reinsurance Holdings has a 1-year low of $16.46 and a 1-year high of $21.02. The stock’s 50-day moving average is $18.02 and its 200-day moving average is $17.74. The company’s market cap is $159.2 million.
Blue Capital Reinsurance Holdings (NASDAQ:BCRH) last announced its earnings results on Tuesday, April 29th. The company reported $0.70 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.53 by $0.17. On average, analysts predict that Blue Capital Reinsurance Holdings will post $2.20 earnings per share for the current fiscal year.
Blue Capital Reinsurance Holdings Ltd is a reinsurance holding company. The Company focuses to offer collateralized reinsurance in the property catastrophe market.
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