StockNews.com Initiates Research Coverage on Oxbridge Re Holdings Limited OXBR

Analysts at StockNews.com have commenced coverage on shares of Oxbridge Re Holdings Limited OXBR, setting a 'hold' rating for the insurance provider's stock. This announcement was made in a research report shared with clients and investors, marking a significant moment for the George Town-based company specializing in property and casualty (P&C) reinsurance solutions.

Oxbridge Re Stock Sees Volatility

The share price for OXBR experienced an opening at $1.24. Trends in the share price indicated a 50-day moving average of $1.29 and a two-hundred-day moving average of $1.42. With a market capitalization of $7.28 million, the company's shares fluctuated between a 52-week low of $0.96 and a high of $2.87. The P/E ratio stood at -5.17, alongside a beta of 1.28.

OXBR publicly disclosed its quarterly financial outcomes last on August 14th. The earnings per share (EPS) reported was ($0.01), and the quarter's revenue was $0.69 million.

Notable Insider Transactions at Oxbridge Re

Recent transactions saw CEO Sanjay Madhu purchasing 50,000 shares at an average price of $1.20 each, totaling a $60,000 investment. Post-acquisition, Madhu's ownership has increased to 130,000 shares, collectively valued at approximately $156,000. Detailed transaction records have been filed with the SEC. Furthermore, Allan S. Martin, a major shareholder, secured 100,000 shares at $1.10 apiece resulting in a transaction valued at $110,000. Martin's total owned shares number 100,070, worth roughly $110,077 after this purchase. Over a period of three months, insiders at OXBR have bought 180,418 shares, worth about $203,553, and the insiders hold a substantial 17.67% stake in the company.

Institutional Interest in Oxbridge Re

Renaissance Technologies LLC, an institutional investor, increased its holdings in OXBR by 49.5% during the third quarter. As per the latest SEC filings, they now hold 32,900 shares valued at $70,000, representing about 0.57% of the company. Overall, institutional investors and hedge funds own 21.37% of Oxbridge Re's equity.

About Oxbridge Re Holdings Limited

Oxbridge Re Holdings Limited operates with its subsidiaries to provide focused P&C reinsurance services, primarily to insurance companies situated in the Gulf Coast region of the United States. The company's offerings are distributed via reinsurance brokers, solidifying its presence in the specialized insurance sector.

Insurance, Reinsurance, Stock, Coverage, Rating