Blue Capital Reinsurance Holdings Sees Unusually-High Trading Volume on Insider Buying Activity (BCRH)
Shares of Blue Capital Reinsurance Holdings (NASDAQ:BCRH) saw an uptick in trading volume on Monday after an insider bought additional shares in the company, American Banking and Market News reports. 78,883 shares changed hands during mid-day trading, an increase of 9% from the previous session’s volume of 72,696 shares.The stock last traded at $19.88 and had previously closed at $19.70.
Specifically, major shareholder Re Holdings Ltd Montpelier purchased 33,000 shares of the company’s stock on the open market in a transaction dated Monday, July 7th. The stock was purchased at an average price of $19.78 per share, for a total transaction of $652,740.00. The transaction was disclosed in a filing with the SEC, which is available at this link. Large shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.
The stock’s 50-day moving average is $18.17 and its 200-day moving average is $17.79. The company’s market cap is $172.8 million.
Blue Capital Reinsurance Holdings (NASDAQ:BCRH) last released its earnings data on Tuesday, April 29th. The company reported $0.70 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.53 by $0.17. Analysts expect that Blue Capital Reinsurance Holdings will post $2.20 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Thursday, July 31st. Investors of record on Tuesday, July 15th will be paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 6.08%. The ex-dividend date is Friday, July 11th.
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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