StockNews.com Initiates Coverage on Oxbridge Re (NASDAQ:OXBR)

Analysts at StockNews.com initiated coverage on shares of Oxbridge Re (NASDAQ:OXBR – Get Rating) in a note issued to investors on Thursday. The firm set a “hold” rating on the insurance provider’s stock.

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

Oxbridge Re Stock Up 3.0 %

NASDAQ:OXBR opened at $3.40 on Thursday. The firm has a market capitalization of $19.65 million, a price-to-earnings ratio of 2.39 and a beta of 0.92. Oxbridge Re has a twelve month low of $2.46 and a twelve month high of $7.13. The stock’s 50 day moving average price is $3.74 and its two-hundred day moving average price is $4.86.

Oxbridge Re (NASDAQ:OXBR – Get Rating) last announced its quarterly earnings results on Thursday, May 12th. The insurance provider reported ($0.07) EPS for the quarter. Oxbridge Re had a net margin of 83.77% and a return on equity of 57.64%.

Institutional Trading of Oxbridge Re

A hedge fund recently bought a new stake in Oxbridge Re stock. Dorsey Wright & Associates bought a new position in shares of Oxbridge Re Holdings Limited (NASDAQ:OXBR – Get Rating) in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 7,400 shares of the insurance provider’s stock, valued at approximately $41,000. Dorsey Wright & Associates owned approximately 0.13% of Oxbridge Re as of its most recent filing with the Securities & Exchange Commission. Institutional investors and hedge funds own 17.67% of the company’s stock.

About Oxbridge Re

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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.