Brookfield Asset Management Reinsurance Partners Ltd. (NYSE:BAMR) Sees Significant Increase in Short Interest

Brookfield Asset Management Reinsurance Partners Ltd. (NYSE:BAMR – Get Rating) was the recipient of a significant increase in short interest during the month of April. As of April 30th, there was short interest totalling 47,000 shares, an increase of 26.0% from the April 15th total of 37,300 shares. Based on an average daily trading volume, of 28,500 shares, the days-to-cover ratio is presently 1.6 days. Approximately 0.5% of the shares of the stock are short sold.

NYSE BAMR traded down $3.12 on Wednesday, hitting $46.00. 40,583 shares of the stock were exchanged, compared to its average volume of 27,164. Brookfield Asset Management Reinsurance Partners has a 52-week low of $44.50 and a 52-week high of $85.00. The company’s 50-day moving average price is $53.74 and its two-hundred day moving average price is $56.88.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 30th. Shareholders of record on Wednesday, June 15th will be given a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a yield of 1.22%. The ex-dividend date of this dividend is Tuesday, June 14th.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Lazard Asset Management LLC purchased a new position in shares of Brookfield Asset Management Reinsurance Partners during the 1st quarter valued at $33,000. Shell Asset Management Co. purchased a new position in shares of Brookfield Asset Management Reinsurance Partners during the 4th quarter valued at $37,000. Advisor Group Holdings Inc. grew its holdings in shares of Brookfield Asset Management Reinsurance Partners by 135.9% during the 3rd quarter. Advisor Group Holdings Inc. now owns 1,024 shares of the company’s stock valued at $57,000 after acquiring an additional 590 shares in the last quarter. Investment Research & Advisory Group Inc. purchased a new position in shares of Brookfield Asset Management Reinsurance Partners during the 4th quarter valued at $136,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank purchased a new position in shares of Brookfield Asset Management Reinsurance Partners during the 4th quarter valued at $150,000. Hedge funds and other institutional investors own 43.98% 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.

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