ValuEngine Downgrades Oxbridge Re (NASDAQ:OXBR) to Hold

Oxbridge Re (NASDAQ:OXBR) was downgraded by stock analysts at ValuEngine from a “buy” rating to a “hold” rating in a research note issued on Monday, ValuEngine reports.

Oxbridge Re stock opened at $0.98 on Monday. Oxbridge Re has a 12 month low of $0.51 and a 12 month high of $2.93. The stock’s 50 day simple moving average is $0.88 and its two-hundred day simple moving average is $1.07.

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

In related news, CEO Sanjay Madhu acquired 30,000 shares of the stock in a transaction on Monday, September 30th. The shares were acquired at an average price of $0.89 per share, for a total transaction of $26,700.00. Following the transaction, the chief executive officer now owns 40,000 shares in the company, valued at approximately $35,600. The purchase was disclosed in a filing with the SEC, which is available through this link. Corporate 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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