Blue Capital Reinsurance (NYSE:BCRH) was upgraded by analysts at ValuEngine from a “hold” rating to a “buy” rating in a note issued to investors on Thursday, ValuEngine reports.

Separately, Zacks Investment Research raised shares of Blue Capital Reinsurance from a “strong sell” rating to a “buy” rating and set a $7.00 price target for the company in a report on Tuesday, March 19th.

BCRH traded up $0.05 during trading hours on Thursday, reaching $7.10. 6,507 shares of the stock traded hands, compared to its average volume of 11,609. The firm has a market cap of $62.27 million, a price-to-earnings ratio of -2.17 and a beta of 0.63. Blue Capital Reinsurance has a fifty-two week low of $5.30 and a fifty-two week high of $12.27. The company has a current ratio of 0.17, a quick ratio of 0.17 and a debt-to-equity ratio of 0.04.

Blue Capital Reinsurance (NYSE:BCRH) last released its quarterly earnings results on Wednesday, January 30th. The insurance provider reported ($2.84) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($2.83) by ($0.01). The firm had revenue of $12.60 million for the quarter, compared to analyst estimates of $4.00 million. Blue Capital Reinsurance had a negative net margin of 80.79% and a negative return on equity of 25.09%. On average, analysts forecast that Blue Capital Reinsurance will post 0.73 earnings per share for the current fiscal year.

A number of hedge funds have recently made changes to their positions in the business. Dimensional Fund Advisors LP grew its holdings in Blue Capital Reinsurance by 3.6% during the 4th quarter. Dimensional Fund Advisors LP now owns 221,848 shares of the insurance provider’s stock worth $1,220,000 after acquiring an additional 7,664 shares in the last quarter. Raymond James & Associates grew its holdings in Blue Capital Reinsurance by 2.1% during the 4th quarter. Raymond James & Associates now owns 99,998 shares of the insurance provider’s stock worth $550,000 after acquiring an additional 2,016 shares in the last quarter. Donald Smith & CO. Inc. grew its holdings in Blue Capital Reinsurance by 2.3% during the 4th quarter. Donald Smith & CO. Inc. now owns 899,272 shares of the insurance provider’s stock worth $4,946,000 after acquiring an additional 19,987 shares in the last quarter. Marathon Capital Management acquired a new position in Blue Capital Reinsurance during the 4th quarter worth $61,000. Finally, Vanguard Group Inc lifted its position in shares of Blue Capital Reinsurance by 1.2% in the 3rd quarter. Vanguard Group Inc now owns 242,561 shares of the insurance provider’s stock worth $2,474,000 after buying an additional 2,801 shares during the last quarter. 40.67% of the stock is owned by institutional investors.

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: Return on Investment (ROI)

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