Oxbridge Re (NASDAQ:OXBR) Receives New Coverage from Analysts at StockNews.com

Equities research analysts at StockNews.com initiated coverage on shares of Oxbridge Re (NASDAQ:OXBR) in a research report issued on Friday. The firm set a “hold” rating on the insurance provider’s stock.

Oxbridge Re Price Performance

NASDAQ:OXBR opened at $1.22 on Friday. The stock has a market cap of $7.16 million, a P/E ratio of -5.08 and a beta of 1.28. Oxbridge Re has a one year low of $0.96 and a one year high of $2.87. The company has a fifty day moving average price of $1.28 and a 200 day moving average price of $1.43.

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

Insider Buying and Selling

In related news, major shareholder Allan S. Martin purchased 100,000 shares of the business’s stock in a transaction that occurred on Wednesday, September 20th. The stock was acquired at an average cost of $1.10 per share, for a total transaction of $110,000.00. Following the completion of the purchase, the insider now owns 100,070 shares in the company, valued at approximately $110,077. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other Oxbridge Re news, major shareholder Allan S. Martin bought 100,000 shares of the firm’s stock in a transaction dated Wednesday, September 20th. The stock was bought at an average cost of $1.10 per share, with a total value of $110,000.00. Following the completion of the transaction, the insider now directly owns 100,070 shares in the company, valued at approximately $110,077. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder Allan S. Martin purchased 23,383 shares of the company’s stock in a transaction that occurred on Monday, September 11th. The shares were purchased at an average cost of $1.11 per share, for a total transaction of $25,955.13. Following the completion of the transaction, the insider now directly owns 244,271 shares of the company’s stock, valued at $271,140.81. The disclosure for this purchase can be found here. Over the last 90 days, insiders acquired 180,418 shares of company stock worth $203,553. 17.67% of the stock is owned by insiders.

Institutional Trading of Oxbridge Re

A hedge fund recently raised its stake in Oxbridge Re stock. Dimensional Fund Advisors LP boosted 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 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 period. Dimensional Fund Advisors LP owned about 0.95% of Oxbridge Re worth $299,000 at the end of the most recent reporting period. 21.37% of the stock is currently owned by 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.