Groesbeck Investment Management Corp Nj buys $4,245,304 stake in Blue Capital Reinsurance Holdings Ltd (BCRH)

Blue Capital Reinsurance Holdings Ltd (BCRH) : Groesbeck Investment Management Corp Nj scooped up 21,900 additional shares in Blue Capital Reinsurance Holdings Ltd during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 12, 2016. The investment management firm now holds a total of 236,771 shares of Blue Capital Reinsurance Holdings Ltd which is valued at $4,245,304.Blue Capital Reinsurance Holdings Ltd makes up approximately 2.95% of Groesbeck Investment Management Corp Nj’s portfolio.

Other Hedge Funds, Including , Credit Suisse Ag sold out all of its stake in BCRH during the most recent quarter. The investment firm sold 27,204 shares of BCRH which is valued $487,768.Clear Harbor Asset Management boosted its stake in BCRH in the latest quarter, The investment management firm added 489 additional shares and now holds a total of 16,008 shares of Blue Capital Reinsurance Holdings Ltd which is valued at $287,824. Blue Capital Reinsurance Holdings Ltd makes up approx 0.06% of Clear Harbor Asset Management’s portfolio.Wedge Capital Management L L Pnc boosted its stake in BCRH in the latest quarter, The investment management firm added 2,200 additional shares and now holds a total of 43,000 shares of Blue Capital Reinsurance Holdings Ltd which is valued at $767,550. Blue Capital Reinsurance Holdings Ltd makes up approx 0.01% of Wedge Capital Management L L Pnc’s portfolio.

Blue Capital Reinsurance Holdings Ltd closed down -0.04 points or -0.23% at $17.26 with 4,861 shares getting traded on Monday. Post opening the session at $17.25, the shares hit an intraday low of $17.22 and an intraday high of $17.3883 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

On the company’s financial health, Blue Capital Reinsurance Holdings Ltd reported $0.57 EPS for the quarter, beating the analyst consensus estimate by $ 0.05 according to the earnings call on May 2, 2016. Analyst had a consensus of $0.52. The company had revenue of $10.40 million for the quarter, compared to analysts expectations of $8.82 million. The company’s revenue was up 6.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.62 EPS.

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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