Brookfield Asset Management Reinsurance Partners Ltd. (NYSE:BAMR – Get Rating) was the target of a significant increase in short interest in the month of November. As of November 15th, there was short interest totalling 63,600 shares, an increase of 133.8% from the October 31st total of 27,200 shares. Approximately 0.7% of the company's stock are sold short. Based on an average daily volume of 16,100 shares, the days-to-cover ratio is presently 4.0 days.
Brookfield Asset Management Reinsurance Partners Stock Down 1.3 %
Brookfield Asset Management Reinsurance Partners stock traded down $0.62 during trading on Thursday, reaching $46.75. The stock had a trading volume of 28,895 shares, compared to its average volume of 20,916. Brookfield Asset Management Reinsurance Partners has a 52-week low of $36.93 and a 52-week high of $64.09. The business has a 50 day moving average price of $41.99 and a 200 day moving average price of $45.99. The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 0.23.
Get Brookfield Asset Management Reinsurance Partners alerts:Brookfield Asset Management Reinsurance Partners Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Friday, December 30th. Investors of record on Wednesday, November 30th will be paid a $0.14 dividend. The ex-dividend date is Tuesday, November 29th. This represents a $0.56 dividend on an annualized basis and a yield of 1.20%.
Analyst Ratings Changes
Separately, TheStreet lowered shares of Brookfield Asset Management Reinsurance Partners from a "c-" rating to a "d+" rating in a research note on Friday, October 7th.Institutional Inflows and Outflows
Institutional investors have recently added to or reduced their stakes in the company. Cowen AND Company LLC raised its holdings in Brookfield Asset Management Reinsurance Partners by 292.1% during the second quarter. Cowen AND Company LLC now owns 158,479 shares of the company's stock worth $7,065,000 after purchasing an additional 118,058 shares in the last quarter. Waratah Capital Advisors Ltd. raised its holdings in Brookfield Asset Management Reinsurance Partners by 2.2% during the first quarter. Waratah Capital Advisors Ltd. now owns 274,966 shares of the company's stock worth $15,694,000 after purchasing an additional 5,808 shares in the last quarter. Schwartz Investment Counsel Inc. raised its holdings in Brookfield Asset Management Reinsurance Partners by 89.7% during the first quarter. Schwartz Investment Counsel Inc. now owns 53,096 shares of the company's stock worth $3,037,000 after purchasing an additional 25,100 shares in the last quarter. Cibc World Market Inc. raised its holdings in Brookfield Asset Management Reinsurance Partners by 41.2% during the first quarter. Cibc World Market Inc. now owns 143,572 shares of the company's stock worth $8,212,000 after purchasing an additional 41,923 shares in the last quarter. Finally, Shell Asset Management Co. raised its holdings in Brookfield Asset Management Reinsurance Partners by 74.6% during the second quarter. Shell Asset Management Co. now owns 1,030 shares of the company's stock worth $46,000 after purchasing an additional 440 shares in the last quarter. Hedge funds and other institutional investors own 39.71% of the company's stock.
Brookfield Asset Management Reinsurance Partners Company Profile
(Get Rating)
Brookfield Asset Management Reinsurance Partners Ltd., through its subsidiaries, provides annuity-based reinsurance products to insurance and reinsurance companies. The company operates in two segments, Reinsurance and Pension Risk Transfer. It also acts as a direct issuer of pension risk transfer products for pension plan sponsors.
Read More
- Get a free copy of the StockNews.com research report on Brookfield Asset Management Reinsurance Partners (BAMR)
- Are the Short Sellers Still Right About Mullen Automotive stock?
- La-Z-Boy Reclines To More Comfortable Levels
- Is Apple Going To Rally Into Year End?
- Is The Recovery Rally Here For SoFi?
- Will Easing Of Covid Rules Slash Risk For Chinese EV Maker NIO?
Receive News & Ratings for Brookfield Asset Management Reinsurance Partners Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Brookfield Asset Management Reinsurance Partners and related companies with MarketBeat.com's FREE daily email newsletter.