Oxbridge Re Holdings Limited (NASDAQ:OXBR – Get Free Report) was the recipient of a significant drop in short interest in the month of August. As of August 31st, there was short interest totaling 41,747 shares, a drop of 63.2% from the August 15th total of 113,543 shares. Based on an average daily trading volume, of 9,235 shares, the days-to-cover ratio is presently 4.5 days. Currently, 0.6% of the shares of the company are short sold.
Analysts Set New Price Targets
OXBR has been the topic of several analyst reports. Weiss Ratings raised Oxbridge Re from a “sell (d-)” rating to a “sell (d+)” rating in a research note on Friday, August 14th. Zacks Research lowered Oxbridge Re from a “hold” rating to a “strong sell” rating in a research report on Tuesday, August 18th. Finally, Maxim Group decreased their price objective on Oxbridge Re from $5.00 to $3.00 and set a “buy” rating for the company in a report on Tuesday, June 16th. One research analyst has rated the stock with a Buy rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Reduce” and a consensus target price of $3.00.
Get Our Latest Analysis on Oxbridge Re
Oxbridge Re Stock Up 12.9%
Oxbridge Re (NASDAQ:OXBR – Get Free Report) last posted its quarterly earnings data on Thursday, August 13th. The insurance provider reported $0.02 earnings per share for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.01). The firm had revenue of $0.94 million during the quarter, compared to analysts’ expectations of $1.10 million. Oxbridge Re had a net margin of 4.71% and a return on equity of 2.14%. On average, research analysts forecast that Oxbridge Re will post -0.08 EPS for the current fiscal year.
Institutional Trading of Oxbridge Re
Several large investors have recently modified their holdings of OXBR. Virtu Financial LLC acquired a new stake in Oxbridge Re during the third quarter worth about $32,000. International Assets Investment Management LLC acquired a new position in shares of Oxbridge Re in the 4th quarter worth $39,000. J.W. Cole Advisors Inc. boosted its holdings in shares of Oxbridge Re by 106.1% in the fourth quarter. J.W. Cole Advisors Inc. now owns 68,000 shares of the insurance provider’s stock worth $90,000 after buying an additional 35,000 shares during the period. Finally, Citadel Advisors LLC acquired a new position in Oxbridge Re in the 2nd quarter worth approximately $68,000. 5.64% of the stock is currently owned by institutional investors and hedge funds.
Oxbridge Re Company Profile
Oxbridge Re Holdings Limited (NASDAQ: OXBR) is a reinsurance holding company that provides capital solutions and risk-sharing arrangements to insurance carriers. Its core business centers on offering treaty reinsurance and structured transactions designed to help insurers manage underwriting exposures and optimize their capital efficiency. By leveraging tailored financing structures, Oxbridge Re enables clients to transfer segments of their in-force life and health insurance portfolios, freeing up capital for growth or other strategic initiatives.
The company’s products and services include quota share reinsurance, coinsurance, and loss portfolio transfers, each crafted to address specific balance sheet and earnings targets of cedents.
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