Oxbridge Re (NASDAQ:OXBR) Lowered to Strong Sell Rating by Zacks Research

Oxbridge Re (NASDAQ:OXBR) was downgraded by Zacks Research from a “hold” rating to a “strong sell” rating in a research report issued on Tuesday,Zacks.com reports.

Other analysts have also issued research reports about the stock. Maxim Group cut their price objective on shares of Oxbridge Re from $5.00 to $3.00 and set a “buy” rating on the stock in a research note on Tuesday, June 16th. Weiss Ratings upgraded shares of Oxbridge Re from a “sell (d-)” rating to a “sell (d+)” rating in a research report on Friday, August 14th. One analyst has rated the stock with a Buy rating and two have given a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Reduce” and a consensus price target of $3.00.

Oxbridge Re Price Performance

Shares of OXBR opened at $1.34 on Tuesday. The firm has a market capitalization of $10.91 million, a PE ratio of 67.03 and a beta of 1.94. The company’s fifty day moving average price is $1.31 and its 200-day moving average price is $1.08. Oxbridge Re has a 1-year low of $0.66 and a 1-year high of $2.86.

Oxbridge Re (NASDAQ:OXBR) last issued its quarterly earnings results on Thursday, August 13th. The insurance provider reported $0.02 EPS for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.01). The firm had revenue of $0.94 million for the quarter, compared to analyst estimates of $1.10 million. Oxbridge Re had a return on equity of 2.14% and a net margin of 4.71%. As a group, research analysts anticipate that Oxbridge Re will post -0.08 EPS for the current fiscal year.

Hedge Funds Weigh In On Oxbridge Re

Several institutional investors have recently made changes to their positions in OXBR. J.W. Cole Advisors Inc. lifted its stake in shares of Oxbridge Re by 106.1% in the 4th quarter. J.W. Cole Advisors Inc. now owns 68,000 shares of the insurance provider’s stock valued at $90,000 after purchasing an additional 35,000 shares during the period. Virtu Financial LLC acquired a new stake in Oxbridge Re during the third quarter valued at $32,000. Finally, International Assets Investment Management LLC grew its position in Oxbridge Re by 61.2% during the first quarter. International Assets Investment Management LLC now owns 48,000 shares of the insurance provider’s stock valued at $54,000 after buying an additional 18,227 shares during the period. 5.64% of the stock is owned by hedge funds and other institutional investors.

About Oxbridge Re

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.