Oxbridge Re (NASDAQ:OXBR) Earns Hold Rating from Analysts at StockNews.com

StockNews.com began coverage on shares of Oxbridge Re (NASDAQ:OXBRGet Rating) in a research report issued to clients and investors on Tuesday. The firm set a “hold” rating on the insurance provider’s stock.

Separately, TheStreet lowered Oxbridge Re from a “b-” rating to a “c+” rating in a research note on Friday, July 8th.

Oxbridge Re Stock Performance

Oxbridge Re stock opened at $2.72 on Tuesday. The firm has a market capitalization of $15.73 million, a price-to-earnings ratio of 2.01 and a beta of 0.99. Oxbridge Re has a fifty-two week low of $2.46 and a fifty-two week high of $7.13. The stock’s fifty day moving average is $3.06 and its two-hundred day moving average is $4.38.

Oxbridge Re (NASDAQ:OXBRGet Rating) last posted its earnings results on Monday, August 15th. The insurance provider reported $0.01 earnings per share for the quarter. The company had revenue of $0.50 million for the quarter. Oxbridge Re had a return on equity of 48.29% and a net margin of 83.77%.

Institutional Trading of Oxbridge Re

A hedge fund recently bought a new stake in Oxbridge Re stock. Dorsey Wright & Associates purchased a new position in Oxbridge Re Holdings Limited (NASDAQ:OXBRGet Rating) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 7,400 shares of the insurance provider’s stock, valued at approximately $41,000. Dorsey Wright & Associates owned about 0.13% of Oxbridge Re at the end of the most recent quarter. 21.68% of the stock is currently owned by institutional investors.

About Oxbridge Re

(Get Rating)

Oxbridge Re Holdings Limited, together with its subsidiaries, provides specialty property and casualty reinsurance solutions. It underwrites reinsurance contracts primarily for property and casualty insurance companies in the Gulf Coast region of the United States. The company distributes its products and solutions through reinsurance brokers.

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