Oxbridge Re (NASDAQ:OXBR) Rating Lowered to Hold at ValuEngine

ValuEngine cut shares of Oxbridge Re (NASDAQ:OXBR) from a buy rating to a hold rating in a research note released on Monday morning, ValuEngine reports.

NASDAQ OXBR opened at $1.00 on Monday. The company’s fifty day moving average is $0.89 and its two-hundred day moving average is $1.06. Oxbridge Re has a 52-week low of $0.51 and a 52-week high of $2.93.

Oxbridge Re (NASDAQ:OXBR) last posted its quarterly earnings results on Thursday, August 1st. The insurance provider reported ($0.04) earnings per share (EPS) for the quarter. The company had revenue of $0.11 million during the quarter. Oxbridge Re had a negative return on equity of 61.64% and a negative net margin of 188.81%.

In related news, CEO Sanjay Madhu purchased 30,000 shares of the firm’s stock in a transaction on Monday, September 30th. The shares were bought at an average cost of $0.89 per share, for a total transaction of $26,700.00. Following the transaction, the chief executive officer now directly owns 40,000 shares of the company’s stock, valued at approximately $35,600. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Company insiders own 29.32% of the company’s stock.

Oxbridge Re Company Profile

Oxbridge Re Holdings Limited, through its subsidiaries, provides specialty property and casualty reinsurance solutions. It focuses on underwriting fully-collateralized reinsurance contracts primarily for property and casualty insurance companies in the Gulf Coast region of the United States. The company distributes its products through reinsurance brokers.

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To view ValuEngine’s full report, visit ValuEngine’s official website.

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