Blue Capital Reinsurance Holdings Ltd. (NYSE:BCRH) appeared several times in our headlines last week regarding insider purchases, and it seems the acquisition streak is not over yet. Once again, Montpelier Re Holdings Ltd, a 10% owner of the $172.8 million market cap reinsurance firm and large shareholder, completed a stock purchase. The transaction was executed yesterday, where Montpelier bought 17,800 Common Shares, directly, paying a price of $19.86 per share.
This is the larger of many acquisitions completed by the shareholder, who has consistently been purchasing Blue Capital stock over the past few weeks. In fact, Montpelier bought a bulk of shares last week in a three day transaction. The partial owner acquired 15,200 Common Shares on Thursday, paying $19.67 per share, after buying 12,401 shares for $19.34 a share on Wednesday and 13,923 shares on Tuesday, for which Montpelier paid a price of $19.56 per share. Concluding, this shareholder has been the most active of the fiscal year at Blue Capital.