Revenue Update on Blue Capital Reinsurance Holdings Ltd(NYSE:BCRH)

Blue Capital Reinsurance Holdings Ltd(NYSE:BCRH) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during After-hours on Aug 1, 2016. Company reported revenue of $11.30M. Analysts estimated a revenue of $9.53M. Earnings per share were $0.22. Analysts had estimated an EPS of $0.47.

Blue Capital Reinsurance Holdings Ltd (BCRH) shares turned negative on Mondays trading session with the shares closing down -0.26 points or -1.45% at a volume of 14,592. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $17.9. The peak price level was also seen at $17.9 while the days lowest was $17.56. Finally the shares closed at $17.72. The 52-week high of the shares is $19.51 while the 52-week low is $14.98. According to the latest information available, the market cap of the company is $155 M.

Several Insider Transactions has been reported to the SEC. On Feb 8, 2016, John R Weale (director) purchased 2,800 shares at $17.78 per share price.

Blue Capital Reinsurance Holdings Ltd. is an exempted limited liability company. Through its subsidiaries the Company provides collateralized reinsurance in the property catastrophe market and invests in various insurance-linked securities. The Company’s wholly owned subsidiaries include Blue Capital Re which is a Bermuda exempted limited liability company registered as a Class 3A insurer in Bermuda and provides collateralized reinsurance and Blue Capital Re ILS which is a Bermuda exempted limited liability company that conducts hedging and other investment activities including entering into industry loss warranties and purchasing catastrophe bonds operations. As of December 31 2014 the Company had $201.3 million of consolidated total assets. Blue Capital Re provides reinsurance to third-party insurance and reinsurance companies through reinsurance contracts either directly with the cedant or on a fronted basis.

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