Oxbridge Re (NASDAQ:OXBR) Research Coverage Started at StockNews.com

StockNews.com assumed coverage on shares of Oxbridge Re (NASDAQ:OXBR) in a research report sent to investors on Saturday morning. The firm issued a hold rating on the insurance provider’s stock.

Oxbridge Re Trading Down 6.8 %

Shares of OXBR opened at $0.96 on Friday. Oxbridge Re has a 1 year low of $0.96 and a 1 year high of $2.87. The stock has a market cap of $5.64 million, a P/E ratio of -4.00 and a beta of 1.48. The stock’s 50-day moving average price is $1.42 and its two-hundred day moving average price is $1.52.

Oxbridge Re (NASDAQ:OXBR) last issued its earnings results on Monday, August 14th. The insurance provider reported ($0.01) earnings per share (EPS) for the quarter. The business had revenue of $0.69 million during the quarter.

Insider Transactions at Oxbridge Re

In other Oxbridge Re news, major shareholder Allan S. Martin purchased 23,383 shares of the company’s stock in a transaction dated Monday, September 11th. The shares were bought at an average price of $1.11 per share, with a total value of $25,955.13. Following the completion of the transaction, the insider now directly owns 244,271 shares in the company, valued at approximately $271,140.81. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 17.67% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Oxbridge Re

An institutional investor recently raised its position in Oxbridge Re stock. Dimensional Fund Advisors LP lifted its holdings in shares of Oxbridge Re Holdings Limited (NASDAQ:OXBR) by 19.7% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 54,753 shares of the insurance provider’s stock after purchasing an additional 9,026 shares during the quarter. Dimensional Fund Advisors LP owned 0.95% of Oxbridge Re worth $299,000 at the end of the most recent quarter. 21.37% of the stock is currently owned by hedge funds and other institutional investors.

Oxbridge Re Company Profile

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