Oxbridge Re (NASDAQ:OXBR) Earns Sell (D-) Rating from Weiss Ratings

Oxbridge Re (NASDAQ:OXBR)‘s stock had its “sell (d-)” rating reiterated by investment analysts at Weiss Ratings in a research note issued to investors on Saturday,Weiss Ratings reports.

Oxbridge Re Stock Up 4.9%

NASDAQ OXBR opened at $1.71 on Friday. Oxbridge Re has a fifty-two week low of $1.27 and a fifty-two week high of $5.81. The stock has a market cap of $13.06 million, a price-to-earnings ratio of -4.17 and a beta of 1.99. The business has a fifty day moving average of $1.98 and a 200-day moving average of $1.85.

Oxbridge Re (NASDAQ:OXBR) last released its quarterly earnings results on Thursday, August 14th. The insurance provider reported ($0.25) earnings per share for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.28). Oxbridge Re had a negative return on equity of 59.48% and a negative net margin of 151.89%.The company had revenue of $0.66 million during the quarter, compared to analyst estimates of $1.11 million.

Institutional Investors Weigh In On Oxbridge Re

A hedge fund recently bought a new stake in Oxbridge Re stock. Armistice Capital LLC acquired a new stake in Oxbridge Re Holdings Limited (NASDAQ:OXBR) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 622,165 shares of the insurance provider’s stock, valued at approximately $1,176,000. Armistice Capital LLC owned 8.36% of Oxbridge Re as of its most recent SEC filing. 5.64% of the stock is currently owned by hedge funds and other institutional investors.

Oxbridge Re Company Profile

Oxbridge Re Holdings Limited, through its subsidiaries, provides specialty property and casualty reinsurance solutions. The company underwrites collateralized reinsurance contracts primarily for property and casualty insurance companies in the Gulf Coast region of the United States. It also issues reinsurance contracts through digital securities by blockchain technology.